We are full of Christmas Cheer this year and are so lucky to live in an area with a plethora of Christmas Events, all December long! Here is a list of some exciting Christmas Events in the Edmonton Area. Which ones will you attend?

Christmas events in Edmonton

Christmas Lights

The Magic of Lights- A 2 KM drive through beautiful light displays. Stay warm in your car! Runs until January 6th, 5-10pm. Castrol Raceway by Nisku $25/car. Details here.

 

The Enchanted Forest- Walk through a winter wonderland in Fort Saskatchewan! Runs until Jan 7, free, details here.

 

Luminaria- Candle lit paths, apple cider, bonfires, music and more! Devonian Botanic Garden, Dec 1-3, tickets.

 

Candy Cane Lane- An Edmonton tradition! Dec 8-31, free (donations appreciated), 148 Street & 100 Ave to 92 Ave.

 

Country Christmas Lights- An entire acreage is transformed into a magical Christmas display! Some nights Santa makes an appearance and you can enjoy free hot chocolate. Leduc, free (donations appreciated). Details here.

 

Alberta Legislature- Enjoy the lights, carollers & hot chocolate. Dec 7-23, Free.

 

Zoominescence- Festival of Lights- Light installations, skating, DJ, fire dancers & more! Edmonton Valley Zoo, Dec 1-31, $7.50 adults $5 child. Details here.

 

Festival of Trees- Over 100 decorated tress and displays, kids activities and more! Shaw Conference Centre, Nov 30-Dec 3. Pricing can be found here.

 

Christmas events in Edmonton

Events!

A Jann Arden Christmas- December 1-2, Winspear Centre, tickets here.

 

George Canyon Acoustic Christmas- December 2, Dow Centennial Centre Fort Saskatchewan, tickets here.

 

Martin Deerline’s Green Christmas- Santa pictures in a tractor, crafts & treats! Free! Information here.

 

Christmas at Fort Edmonton Park- Celebrate Christmas the old fashioned way! Various dates and prices, details here.

 

St. Albert Children’s Theatre, It’s a Wonderful Life & Elf production- Nov 23-Dec 3, tickets here.

 

Festival of Carols- December 9 at The Winspear, in support of the Salvation Army, free tickets here.

 

Edmonton Singing Christmas Tree- December 14-17 at the Jubilee Auditorium, tickets here.

 

A Christmas Carol at The Citadel Theatre- December 1-23, tickets here.

 

Santa Shuffle Fun Run & Elf Walk- December 2 at Hawrelak Park, register here.

 

Holiday Magic Coral and Handbell performances by Edmonton School Choirs- December 4-8 (10am-2pm), Edmonton City Hall, free.

 

Whyte Wishes Shop in Old Strathcona and enjoy a sleigh ride & visit with Santa. November 16-December 15.

 

The Nutcracker Ballet- December 7-10 at the Jubilee Auditorium, tickets here.

 

A Christmas Past- Music, history, cookies & cider. December 9 (12-4pm) at Rutherford House, regular admission.

 

Candlelight Christmas- Music, treats and 19th Century history homes. December 7-22 at the John Walter Museum, tickets here.

 

A Prairie Christmas- Celebrate the season at the farm! December 9-10, Prairie Garden Adventure Farm, details here.

 

Fiddler on the Roof- December 15-30 at Festival Place Sherwood Park, tickets here.

Happy Holidays!

Lorraine "Edmonton" Mah

780-905-1179

RE/MAX River City

Edmonton Realtor

 

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New mortgage changes are coming down the pipe, and it can all be a little confusing. Here's what the experts are saying.... 

 
MORTGAGE TERMS:
Insured Mortgage / High Ratio Mortgage  = Less than 20% down payment
Non Insured Mortgage / Conventional Mortgage = 20% or greater down payment / equity
Bank of Canada Rate = the 5 year fixed posted rate (currently 4.99%)
Contract Rate = the actual rate offered by the lender to the consumer
Benchmark Rate/Qualifying Rate = Stress Test: Bank of Canada Rate OR Contract Rate +2%, whichever is greater
LTV (Loan To Value) = the size of a mortgage compared to the value of the property
securing the loan
 
 
 
3 new mortgage rule changes starting January 1, 2018:
 
Change 1:  QUALIFYING RATE STRESS TEST TO ALL NON INSURED MORTGAGES
Non insured mortgage consumers (buyers with a 20% or greater down payment) must now qualify using a new minimum qualifying rate. The minimum rate will be the greater of the five-year benchmark rate published by the Bank of Canada OR the lender contractual mortgage rate +2.0%.

How does this affect the mortgage consumer with a down payment of 20% or more?
The biggest impact will be on the amount in which the homebuyer will be able to qualify. Previously, the homebuyer qualified at the rate offered by the lender. Now, the homebuyer must qualify at the benchmark rate which is the higher of the Bank of Canada Rate (currently 4.99%) OR the rate from the lender plus 2%. This applies to all terms, fixed and variable rates.
 
Do I still have the option to refinance my home?
Yes, homebuyers will still have the ability to refinance up to 80% of the value of their property. You will have to pass the same stress test which is the higher of the Bank of Canada Rate (currently 4.99%) OR the rate from the lender plus 2%.
 
Change 2: LENDERS WILL BE REQUIRED TO ENHANCE THEIR LOAN TO VALUE (LTV) MEASUREMENT AND LIMITS TO ENSURE RISK RESPONSIVENESS
 
Mortgage lenders (excluding credit unions and private lenders) must establish and adhere to appropriate LTV ratio limits that are reflective of risk and updated as housing markets and the economic environment evolve. We are awaiting more details on this policy from lenders. As we have new information, we will update this document.

Change 3:  RESTRICTIONS WILL BE PLACED ON CERTAIN LENDING ARRANGEMENTS THAT ARE DESIGNED, OR APPEAR DESIGNED TO AVOID LTV LIMITS
 
Mortgage lenders (excluding credit unions and private lenders) are prohibited from arranging with another lender: a mortgage, or a combination of a mortgage and other lending products, in any form that circumvents the institution’s maximum LTV ratio or other limits in its residential mortgage underwriting policy, or any requirements established by law. This is often referred to as “bundling” or “bundle partnership”.
 

What does this mean?
For example: a consumer applies for 80% LTV mortgage and the lender can only approve 65%. The lender then partners with a second lender for the additional 15%. The original lender then “bundles” the 15% LTV mortgage with the original 65% mortgage to form the complete 80% LTV loan. This will no longer be permitted. 

 

Questions? Contact us and we will put you in touch with the experts! 

Lorraine Mah

RE/MAX River City

780-905-1179

lorrainemah@shaw.ca 

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We love finding new and better ways to conserve energy and save money! One of the best ways to be in the loop with what Energy Efficiency Alberta is up to is by subscribing to their newsletter.

In the newsletter you will find tips and tricks about:

 

You can sign up at https://www.efficiencyalberta.ca/ and have all updates come directly to your inbox!

 

Brough to you by

Lorraine Mah of RE/MAX River City 

780-905-1179

lorrainemah@shaw.ca

 

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Have you heard? With Energy Efficiency Alberta’s (EEA) Residential and Commercial Solar Program you can save up to 30% of eligible costs when installing solar photovoltaic (PV) systems!

According to the Government of Alberta, by 2019, the program is expected to:

  • Support the creation of 900 jobs in Alberta’s solar sector
  • Cut solar installation costs by up to 30 per cent for residences
  • Cut solar installation costs by up to 25 per cent for businesses and non-profits
  • Reduce greenhouse gas emissions in the province by about half a million tonnes—the equivalent of taking 100,000 passenger vehicles off the road

For more information on how you can start converting to solar powered energy in your home you can visit this link: (https://www.efficiencyalberta.ca/solar/). There is even an information session in Edmonton at the University of Alberta on July 19th.

 

Lorraine Mah, RE/MAX River City Edmonton

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As part of the Mature Neighbourhood Overlay (MNO) Review, the City of Edmonton has made changes to MNO regulations after holding multiple public consultation events with residents, community leagues, and the home building industry. These new rules provide clearer direction for residents living or building in mature neighbourhoods, including making it easier to determine front setbacks (the distance between the home and the street), driveway access and privacy regulations.

Click here to read the full article

 

Lorraine Mah, RE/MAX River City

 

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We are so excited to share this new feature on remax.ca with you! One of the most important factors for families when buying a new home is the school their children will attend. Whether you are picking a certain area because of a specific school or fall in love with a community and need to know what school options you have, remax.ca has you covered! The new School Tool simply allows you to search an area, see all of the schools in that community, view the boundaries for said school AND shows you all the homes for sale in that particular area. You can even link directly to the school website, in case you need more information.

Lorraine Mah

Here’s how to use the new School Tool on remax.ca!

  • – Search for a city on remax.ca, then click on the residential aggregate number on the drop-down menu
  • – Click on the green graduation cap, to the right side of the map
  • – Click “Show Schools” and see all schools identified by green pins
  • – Click on the individual school, and the boundary area will become highlighted
  • – Click “View Properties for this School” to see all properties that fall in the boundary area

As always, if you have any questions or real estate needs, please don’t hesitate to contact us at any time!

Edmonton Real Estate

 

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Sign Up for the Energy Efficient Alberta Program

Looking to conserve energy and lower your home bills? The Government of Alberta has released details on the new Energy Efficient Alberta program with the goal of “making life more affordable for Alberta families by helping them conserve energy through the latest innovations, such as LED lights and power bars”.


Alberta residents who register for the Residential No-Charge Energy Savings Program will be contacted starting in April for an appointment which will look at ways to change out older, less energy efficient products in their home and replace them with new more efficient options such as LED products, high efficiency shower heads, faucet aerators, advanced power bars and self adjusting thermostats.


The best part? These changes should save you money on your monthly energy bills and the program is FREE! Any household in Alberta is eligible for the program, your income and house type do not matter whatsoever.


To register for this program and take advantage of the Residential No-Charge Energy Savings program, click here!


Lorraine Mah

Your Edmonton & Area Realtor

780-905-1179


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