Is The Edmonton Real Estate Market Stable and Diverse?

Edmonton is the capital of Alberta, Canada. This city is located near the North Saskatchewan River in the central area of the province. It is also the second largest metropolitan area in Alberta. According to the census of 2014, the province had a population over 730,000. Edmonton is not only a cultural center, but it is also a hub for education and government as well. This is one of the reasons why there has been a steady improvement in the Edmonton real estate market.

Edmonton is widely known as the “Festival City”, and it received this nickname because the city hosts several international festivals every year. The region is also popular for its shopping venues. In fact, the largest mall in North America is located in Edmonton, and is called The West Edmonton Mall.

A Major Hub

As previously discussed, Edmonton is a major city for several things in the province of Alberta. It is considered to be the hub for the oil and gas industries as well as for other major economic industries for central and northern Alberta. Over the past few decades, Edmonton has rightly earned the nickname of “Oil Capital of Canada”. The region processes massive reserves of gas, oil and oils sands. As a result, demand for Edmonton real estate has skyrocketed.

However, despite the focus on oil and gas, Edmonton has one of the most diverse economies in Canada.

Options In The Real Estate Market

There are several different options available for individuals and families in the real estate market. It does not matter whether you are looking for a single family home, townhouse or condo, you will find what you are looking for in Edmonton. The homes in Alberta cover the entire scope of housing options, and you will find one that fits your budget.

Another great option by choosing a home in Edmonton is that you can decide whether you want to live in a secluded dwelling in the country, or if you prefer to live closer to the city.

Currently, the real estate market in Edmonton has a couple of thousand homes for sale and almost as many condos. With the abundance of choices on the market available, it is easy to find suitable for your needs.

You can choose from a basic, energy efficient home to a luxurious house and everything in between. If you are looking to make a long term investment in the real estate market, you also have a plethora of choices.

The Edmonton real estate market continues to stay strong despite economic shifts. Now is a great time to consider buying a home in Edmonton.