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Does Yellowknife Need a New Neighbourhood? In my experience, when you ask Yellowknifers if they think our population is growing, shrinking, or staying the same, the majority of them believe it’s either staying the same or shrinking.  I’m not sure why this is.  It may have something to do with media reporting on the territory-wide population, which has been shrinking in […]
Protect Your Investment Prepare for Supply Chain Issues on Possession Day You’ve finally done it!  In a tight market you’ve managed to find a home that suits your family’s needs perfectly, you’ve submitted the winning offer, and only a few more weeks stand between you and your possession day.  Insurance is in place, mortgage paperwork has been signed at your lawyer’s office, the seller seems to […]
Market Review: January 2022 Because it is typically such a slow month, there is only so much that can be gleaned about the state of the Yellowknife real estate market by looking at January sales.  To see what we mean by this, consider January’s average sale price of $372,300, a decline of 19% compared to the 2021 full-year average […]
Market Analysis Yellowknife Real Estate: A Look Back At 2021 It will come as no surprise to anyone following our Yellowknife real estate market that, upon close review, 2021 turns out to have been a very busy year.  The number of sales was up by 20%, homes sold twice as fast as in 2020 at an average of only 37 days on the market, and […]
Protect Your Investment The Propane Game, Part One: Have a Plan December is a wonderful month in Yellowknife.  Christmas lights are up, students are either home from university or soon will be, craft markets are going strong, both the NHL and NFL are in full swing …and the list goes on.  But….and by that I mean BUT!!!!….it is getting colder outside, and soon those of us […]
Market Review: November 2021 With November 2021 now in the books, we have some new data to report.  Activity was down slightly, with only 22 MLS sales in the month.  New listings were about normal for this time of year, with 12 new entrants.  Average sale price was down by a big chunk, but as we’ve written about before, […]
Moving to Yellowknife: What is the True Cost of a Yellowknife Home? One of the challenges our Century 21 Prospect Realty buyers’ agents encounter is that when folks research our real estate market in advance of their house-hunting trips, they often develop an inaccurate understanding of Yellowknife home prices.  Comparing houses between any two places is tricky, given how different one home can be from the next, […]
Market Analysis Market Review: October 2021 One more month of 2021 is in the books, and the prevailing theme continues to be low inventory.  As of the end of October there were only 22 listings in Yellowknife. With so little to choose from, it’s understandable that the number of sales has come down a touch. Average prices were up a bit, […]
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Why Don’t Whitehorse REALTORS® Represent Buyers? A couple of weeks ago, I had the opportunity to spend a few days in Whitehorse visiting with friends, fishing, exploring and generally just re-acquainting myself with the city and surrounding area.  I had a wonderful time, and while there I had a chance to do some digging into a question that has been puzzling […]
Real Estate Regulation in the Wild (North)West Two things have happened to me in the last 24 hours that have left me scratching my head in puzzlement. First, I was making inquiries on behalf of clients for a potential recreational property purchase in B.C., and when I received the information package, it contained a document that blew my mind – a material […]
Buying a Yellowknife Home in 2021: 10 Tips for Success
5 Tips for Buying a Yellowknife Home in 2021 This and other articles about the Yellowknife real estate market are available in our e-newsletter.  Click on this link to sign up and receive our latest edition. We’re almost through the first month of 2021 and there are still very few homes listed for sale across Yellowknife, which is probably a bit disheartening for eager […]
For Renters Ranking Yellowknife’s Apartment Buildings This and other articles about the Yellowknife real estate market are available in our e-newsletter.  Click on this link to sign up and receive our latest edition. Every year, we at Century 21 Prospect Realty receive dozens of phone calls and e-mails from folks inquiring about rental options in our fine city.  Rentals are not […]
Market Analysis Selling Your Yellowknife Home in 2021: What to Expect This and other articles about the Yellowknife real estate market are available in our e-newsletter.  Click on this link to sign up and receive our latest edition. As mentioned in my last post (“Year End Review”), 2020 was a busy year in the Yellowknife real estate market.  Fewer people listed their homes for sale than […]
Market Analysis 2020 Year End Review: A Look Back at Yellowknife’s Real Estate Market This and other articles about the Yellowknife real estate market are available in our e-newsletter.  Click on this link to sign up and receive our latest edition. Well, 2020 was pretty crazy. Just like most economic sectors in most countries in the world, COVID-19 left the Canadian real estate sector facing great uncertainty in the […]
Education and Advocacy 5 Problems with Agent “Double-Ending” When a buyer purchases a home directly through the listing agent, rather than through their own buyer’s agent, they enter into an arrangement known in the industry as “double-ending.”  The term refers to the fact that there are two “ends” or halves of a commission on a real estate deal.  One end normally goes to […]
6 Reasons Why Now is the Time to Connect with a Buyer’s Agent in Yellowknife Yesterday the Government of the Northwest Territories announced its “Emerging Wisely” plan for a phased relaxing of COVID-19-related restrictions.  Even before this announcement we in the real estate industry had already seen signs of life in the market (there have been 30 new MLS® listings in the first 13 days of May), so if phase […]
Yellowknife Market Update: Virtual Tours are Taking Over It’s hard, and pretty unpleasant, to pinpoint a start date to this period of COVID-19 disruption to all of our lives, but for the sake of measuring its impact on the Yellowknife real estate market, March 15th is a reasonable starting point.  We are now one month past that date, which makes this a good […]
Market Analysis Selling Homes in the Era of COVID-19 Yesterday, Cabin Radio posted an article about some of the challenges facing Yellowknife Realtors as they try to help people buy and sell homes in the current environment of COVID-19 and physical distancing.  In the article I’m quoted as saying the market has slowed substantially – which I’m sure comes as no surprise.  If there […]
Protect Your Investment When Painting for Resale, Boring is Better March break is fast approaching, and with COVID-19 impacting travel plans left and right it’s likely that more people than usual will be staying close to home this year.  One way to turn this negative into a bit more of a positive is to catch up on projects around the house. For folks thinking of […]

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