 Edmonton has a northern mid-latitude climate with very long summer days (as much as 17 hours of daylight in June!), and winters that can be surprisingly enjoyable and always beautiful. Misconceptions exist about the severity of weather in Edmonton because of the city's northern latitude. But the reality is that Edmonton is further south than many major global cities (e.g. Moscow, Hamburg, Copenhagen, Oslo, Stockholm, etc.). Edmonton's inland location actually receives weather very similar in severity to that of Toronto, and significantly milder than the weather in Ottawa (according to Environment Canada's Climate Severity Index). In fact, Edmonton's zone 3 horticultural climate even accommodates the reliable gardening of azaleas, magnolias, table grapes, apricots and sugar maples! Warmest Month: July
Avg. High: 22C (71F)
Avg. Low : 10C (50F) Coldest Month: January
Avg. High: -7 C (19F)
Avg. Low : -17C (2F)
Average Relative Humidity: 68%
Annual Hours of Sunshine: 4,488 hours
Annual Average Snowfall: 136 cm (53 in)
Annual Average Rainfall: 35 cm (14 in)
Elevation: 700 metres (2300 feet)
Get Edmonton Weather Reports Here Request my Free Edmonton and Sherwood Park Relocation Package. It's packed full of useful and important information about the Edmonton and Sherwood Park, Alberta area. Don't move here without it! It's my job to know EVERYTHING about Edmonton and Sherwood Park! Ask me any question. Or request a FREE information package. There's no obligation, and I promise to get back to you quickly...
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Tax Considerations >Taxable Profits
If you are thinking of selling your home and your house has risen in value since you purchased it, or you have accumulated a lot of deferred profit from previous sales, the Taxpayer Relief Act passed in 1997 could be of tremendous value.
Prior to this law, when a homeowner moved to a smaller home, relocated to a less costly area, or made a decision to rent, they were left with unfavorable tax consequences. The old tax law allowed people who sold their homes to defer tax on any profit by buying a replacement home of at least equal value within two years. At age 55, they could permanently escape tax on up to $125,000 of profit, but any profit in excess of that amount was taxable unless a new home was bought.
The good news is that with homes sold after May 6, 1997, homeowners can make as much as $500,000 tax-free profits on the sale of a principal residence for joint filers or $250,000 for single filers. The $500,000 capital gains exclusion removed taxes as a consideration for most home sellers by giving them flexibility to trade up or down. It has also allowed homeowners to preserve the savings value of a home when they sell, provided they use the property as their principal residence for two of the prior five years prior to the sale.
Consult your tax advisor for your particular circumstance.
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| Q |
What did 75% of 10,000 buyers surveyed by the NAR list as their top reasons for selecting a Real Estate Professional?
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| A |
Knowledge of the housing market, knowledge of real estate practices and financing, and familiarity with neighborhoods. |
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