Friday, July 20, 2018

Around Town: Fort McMurray News (Week of July 20)

It’s time for another edition of our weekly column from the A-Team. Here is some important news for the week.

A new commercial development is in preparation for Stone Creek. From Mix News:

New Stone Creek Commercial Development In The Works

The new area would become home to new businesses, retail stores, offices, hotels, and more.

Division Manager Dan Soupal says, after years of work, it’s exciting to see the project get closer to fruition.

“It’s an evolving process but we’re very excited about this development, we’re eager to get going – we feel it’s a positive addition to the community and will create employment and economic opportunities.”

The next steps include designs and getting the proper permits in place. So far, they’ve already done a geotechnical investigation, a transportation impact assessment, preliminary site servicing investigations, and a conceptual site layout. Via mix1037fm.com

The development is expected to be finished in a few years, and following Eagle Ridge Commons, is set to enliven Timberlea and surrounding communities even further.

In other news, the Wood Buffalo Economic Development is providing additional help for small businesses, according to Melanie Walsh of My McMurray:

Wood Buffalo Economic Development providing help for small businesses

They have launched three new initiatives to help businesses flourish, the Keyano College voucher program, the business coaching program and the business resource centre.

Recipients can qualify for vouchers to be used towards non-credit or certificate courses at Keyano College, qualify for one-on-one coaching and advice from a professional Certified Management Consultant and get group programming through workshops and seminars. h/t mymcmurray.com

All recipients will have the freedom to choose from the three initiatives, which are funded by the Red Cross.

Lastly, the Calgary-based oil company Nexen was fined $750,000 this week for a 2015 pipeline spill near Fort McMurray:

Nexen fined $750,000 for 2015 pipeline spill

The pipeline responsible for the spill was associated with the company’s Long Lake oilsands facility, located about 45 km southeast of Fort McMurray, the release said. The spill released 5,000 cubic metres of bitumen emulsion over a 21,900-square-metre area.

The company’s statement said the leak began June 13. Although the spill was visible from satellite imagery by July 3, it wasn’t until July 15 that Nexen realized there was a problem when two employees spotted it while doing work in the area.

The double-walled pipeline — designed to carry raw bitumen from the ground to a processing plant — had been installed a year earlier. The pipeline, which used a relatively new technology, operated at 100 degrees Celsius in order for the thick bitumen to flow.

Nexen said the release went undetected because a computer failed to sound an alarm. read more at fortmcmurraytoday.com

The fine will be divided and directed to creative sentencing which will include a large amount for a new learning centre that focuses on limiting the effects of pipeline spills on wetlands, and for expanding on an environmental sciences degree program for indigenous youth.

[caption id="attachment_29224" align="aligncenter" width="300"] Credit: http://www.fortmcmurraytoday.com[/caption]

That’s all for this weeks’ roundup. Check back on The A-Team blog for more news and updates on Fort McMurray.

Around Town: Fort McMurray News (Week of July 20) Read more on: https://www.ateamymm.ca/

Tuesday, July 17, 2018

#102, 129 Fontaine Crescent | $336,900


Watch on YouTube here: #102, 129 Fontaine Crescent | $336,900
Via https://www.youtube.com/ATeamYMM/videos

Should You Get a Home Appraisal Before Selling?

Is a Home Appraisal Worth It?

A home appraisal is sometimes done by sellers to get a good idea of the real value of their home before listing. The appraised value is often listed in the listing write-up! Despite its advantages however, not every home seller should undergo a home appraisal. Here are a few reasons why you wouldn't need an appraisal:

Obviously, appraisals add to closing costs. A recent post from Home Guides explains:

Saving You Dollars

Waiving the need for an appraisal saves around $400 in appraisal fees, and you don't have to worry about the bank pulling out of the deal if it turns out you have less equity than expected. Via homeguides.sfgate.com

A home appraisal isn't free, and between renovations, inspections, and other costs, it's definitely an extra expense.

[caption id="attachment_29213" align="aligncenter" width="300"] There's no need to get a home appraisal if money is a dealbreaker[/caption]

Next in our list is a major one: buyers don't necessarily agree with appraisals. In today's Fort McMurray housing market, buyers have a lot more influence than sellers:

Buyers don’t often agree with appraised value

There is very clear evidence in terms of the benefits of the inspection prior to listing, but the appraisal is a bit trickier. It is completely worthwhile in some cases, while in others it is, quite frankly, a hassle and waste of money.

Buyers don’t often agree with appraised value. Remember, the current market dictates what a home’s price and value in terms of sales. That doesn’t always match up to the appraised value in a down market. h/t learnfromgreen.com

No matter how high an appraiser values your home, it may not be worth much to a buyer, especially in a balanced/buyer's market. There are still different factors that could affect the market value of your house such as the location, condition, etc.

Following on, the real estate market is constantly changing. The fluidity may have an effect on your listing:

CHANGING MARKET

The actual data in an appraisal is taken from “recent” sales. So, if you purchase an appraisal today and your home doesn’t sell for a couple of months, there may be other sales that occur in the meantime that could effect the property’s value. Here’s an example . . .

You decide to sell your home and purchase an appraisal on March 1st. The appraiser uses sales data from the last few months and comes up with a home value of $300,000 for your property. 3 weeks after you’re appraisal was completed, a home sold that is similar to yours in square footage and amenities but it sold for $315,000.

While none of us have a crystal ball, we can only use the current data that’s available, so this scenario can be one negative to purchasing an appraisal before you list your home. read more at livegulfshoreslocal.com

After a bit of time in a volatile market, appraisals get outdated. This is why agents (including The A-Team's specialist listing agents) tend to offer free Home Evaluations. We have access to recent sale data and we know how to use it. Our agents evaluate homes by Comparative Market Analysis all the time, and know how to do it well and communicate your home value to you effectively. That being said, with a very short list of home (for example, unique ones), we do sometimes recommend a professional appraiser (the value experts). If you are looking for expert assistance with marketing your home, from pricing to key release, we're here to help! :)

The following post Should You Get a Home Appraisal Before Selling? is available on The A-Team YMM

215 Becker Crescent | $414,999


Watch on YouTube here: 215 Becker Crescent | $414,999
Via https://www.youtube.com/ATeamYMM/videos

131 Killdeer Place | $869,900


Watch on YouTube here: 131 Killdeer Place | $869,900
Via https://www.youtube.com/ATeamYMM/videos

Saturday, July 14, 2018

MacDonald Island Park in Fort McMurray

Fort McMurray's Entertainment Hub

Situated on the banks of the junction of the Clearwater River and Athabasca River is Canada’s largest community recreation, leisure, and social centre – MacDonald Island Park.

This year marks the Island’s 40th year anniversary of being Fort McMurray’s recreation hotspot.

According to the Regional Recreation Corporation of Wood Buffalo (RRC), MacDonald Island is rich in history dating back to 1872 when John James MacDonald arrived in Fort McMurray to work for Hudson’s Bay Company.

He was the first known settler during this time and set up “residence on ‘McMurray Island’, which was renamed MacDonald Island” after he allotted the land.

The MacDonald family remained on the Island through the 1880s to the 1910s, when only a few residents remained in the area after the fur trade declined. And in 1942, the last person to reside on the Island moved away.

In 1966, local athlete and resident Charles ‘Chuck’ Knight began campaigning for a year-round facility. The year following, a volunteer group completed construction for the Miskanaw Golf & Country Club. Knight became the driving force for the facility.

The MacDonald family remained on the Island through the 1880s to the 1910s, when only a few residents remained in the area after the fur trade decline and in 1942 the last person to reside on the Island moved away.

After Knight became Mayor of Fort McMurray in 1973, the council appointed a steering committee to oversee the construction of the MacDonald Island Recreation Complex.

It opened for its first time with a golf course, three baseball fields, a football and soccer field, four tennis courts, cross-country ski trails, a cricket pitch, archery and an indoor facility with ice rinks and a 12-sheet curling rink in 1978.

In 1993, the park was renamed the C.A. Knight Recreation Centre to honour Knight. He retired to British Columbia in 1989 and passed away at the age of 77 in 2011.

In 2015, Knight was inducted into the Wood Buffalo Sports Hall of Fame for his community efforts. An article in MyMcMurray.com quoted his daughter Kim Holwell stating: “I’m so proud that his vision and legacy still positively influence the community and is being recognized.”

During 2006 and 2008, the Centre closed down for repairs and reopened in 2009 with two NHL-sized arenas, an eight-sheet curling rink, an indoor playground, two indoor field houses, an indoor running track, a fitness centre, squash and racquetball courts and meeting and banquet facilities, among other world-class amenities.

In 2011, the Regional Municipality of Wood Buffalo hosted an official ribbon cutting ceremony and named the street leading into the Island, C.A. Knight Way and further honoured Knight with a memorial waterfall inside the lobby of the Suncor Community Leisure Centre.

The same year brought in the city’s largest concert when iconic rock band KISS came to Fort McMurray to perform. The attendance saw nearly 10,000 fans.

And in 2015, the Globe and Mail headlined “CFL comes to Fort McMurray’s field of dreams” when the Canadian Football League hosted the northernmost game with the Edmonton Eskimos and the Toronto Argonauts in MacDonald Island’s new $133-million Shell Place stadium.

Forty years later, the Island operates as a not-for-profit corporation and is home to the Suncor Community Leisure Centre, the Miskanaw Golf Club and Shell Place. A long list of successful events has and continue to take place since the completion of the recreation centre hub.

Today, residents are flocking to MacDonald Island for Fort McMurray’s new hometown summer music festival – Summer Sounds FM. It takes place from 2 p.m. to 11 p.m. For tickets and to learn more, visit MacDonald Island Park’s website.

The following blog post MacDonald Island Park in Fort McMurray Find more on: www.ateamymm.ca

Friday, July 13, 2018

Around Town: Fort McMurray News (Week of July 13)

It’s time for another edition of our weekly column from the A-Team. Here is some important news for this week.

Some positive housing market news came out this week. According to the Fort McMurray REALTORS®, there was a major spike of homes sold in the month of June:

Homes Sold See Major Spike in June

According to the Fort McMurray REALTORS® monthly report, 70 properties were bought – up from the 49 in May.

This is also up from the 48 sold in June 2017.

The Realtors note the 70 homes sold are the most in a single month since nearly 2015.

“The market seems optimist for those both selling and buying properties as recovery continues.” Via mix1037fm.com

This is the latest sign that a balanced market has taken hold on the region: buyers and sellers are on more of an equal platform than last year. However, we expect prices to continue decreasing.

In wildfire news, the Council will proceed with the firebreak safety project, according to Laura Beamish of Fort McMurray Today:

Council passes firebreaks, to talk property issues

The project will create a grass buffer of up to 30 metres between homes and trees. Beyond the 30 metres, trees will be planted.

The decision on proceeding with the project was deferred at a council meeting on June 12 after residents complained to council about a lack of consultation on firebreak boundaries.

In response, the municipality held a Here For You session for affected residents on June 21. The meeting saw 86 residents attend, while 15 written concerns were submitted to the municipality.

Erin O’Neill, operations manager for the Recovery Task Force, said concerns from residents were taken into consideration, including privacy issues for residents and finding solutions for the use of off-highway vehicles. h/t fortmcmurraytoday.com

Many residents agree with the decision, but issues with firebreak boundaries are proving to be a sticking point.

[caption id="attachment_29191" align="aligncenter" width="300"] Credit: fortmcmurraytoday.com[/caption]

Lastly, the local unemployment rate has increased for the third straight month. From My McMurray:

Slight increase to unemployment rate

Statistics Canada is reporting that the number slightly rose from 6.4 per cent in May to 6.5 per cent in June.

Roughly, 400 jobs were lost in the Wood Buffalo-Cold Lake region throughout last month.

Provincially, the unemployment rate also increased from 6.2 to 6.5 per cent.

The national unemployment rate is 6.0 per cent. read more at mymcmurray.com

The decline In the Wood Buffalo-Cold Lake region reverses a series of consecutive month-over-month gains.

That’s all for this weeks’ roundup. Check back on The A-Team blog for more news and updates on Fort McMurray.

The article Around Town: Fort McMurray News (Week of July 13) Read more on: www.ateamymm.ca