Why Invest in Edmonton?
 

Edmonton and Northern Alberta will continue to lead economic recovery in Canada and the world, and this is why...

Edmonton and Northern Alberta have weathered the storm of the last few years of economic downturn with much more resilience than many other markets in Canada and especially the USA. We’ve had our fair share of challenges however, and have seen property values drop on average, as well as an increase in vacancy rates and stabilization of rental rates as well. That said, most of this was a correction in the market from overinflated values. Multi-family prices were pushed above sustainable cap rate income values from many condo conversions, many of which were not viable as individual condo unit buildings and have now re-entered the secondary market rental pool. Our Preferred Group clients have seen theoretical values rise and fall, but our encouragement and advice on sound long term real estate investing fundamentals has enabled most clients to see no real negative cash or income losses. In many cases we helped clients exit and sell their properties at highs in the market to capitalize on maximum equity.

What does the future hold for Edmonton’s investment real estate market? Sustainable capital investment into the northern part of the province is still ongoing at levels higher than the pre 2005 decade and totals over 450 projects for a total value over $90 Billion (with a ‘B’). Growing international oil demand from China and other developing nations, as well as the US and other major ongoing consumers of oil will continue to drive Alberta’s economic growth. This creates new jobs, income growth, and an overall diversified economy and high standard of living draws people to the Province. Population growth from both inter-provincial and international net migration, add more tenants which increases rents as vacancy tightens, plus the majority of new renters buy within two years. This upward demand trend pushes property values and incomes on investment property along with it. With historically low vacancy rates, our rental rates have increased along with prices and investors have seen good cash flow from rental properties along with great appreciation growth in equity. See the few links below for more information and specifics. Feel free to contact John Carter on our team for any specific questions or more information.

Click on the links below for various market reports and information: 

CMHC Fall 2012 - Housing Market Outlook - Edmonton CMA

CMHC Fall 2011 - Housing Market Outlook - Edmonton CMA

CMHC Nov. 2011 - Praire region housing market overview report 

CMHC Jan. 2011 - Edmonton Multi-Family Market Trends presentation to Edmonton Apartment Association (EAA)

CMHC Fall 2010 - Turnover survey - Edmonton

CMHC Fall 2010 - Canadian Highlights - Rental Market Report

CMHC Fall 2010 - Rental Market Statistics - Canada & Individual Provinces/Cities

CMHC Fall 2010 - Edmonton CMA - Rental Market Report

CMHC's Fall 2010 - Edmonton, AB - Overall Real Estate Market update and forecast press release

Edmonton Economic Development Corporation (EEDC):
    -  Diversity in economy - overview
    -  Key economic indicators & major investment projects

LRT (Light Rapid Transit) Expansion updates:
    - South LRT expansion - currently open & operating  
    - North LRT expansion - underconstruction

City of Edmonton’s (Mayor Mandel) outlook from 2007 to 2012: Socio Economic Outlook

2008 - Overview of Edmonton’s economy from the EEDC: Edmonton Economic Overview

RE/MAX Commercial Third Quarter 2009 Report: RE/MAX Commercial Market Insights

Where is Edmonton? see a map position here: Edmonton Map

Looking to buy investment real estate in Edmonton?

Visit our Buying Investments page for more information

Looking to sell investment real estate in Edmonton or other parts of Alberta?

Visit our Selling Investments page for more information on how and when to maximize your equity!
 

What next?

Please feel free to contact us to discuss your particular situation.

You can also attend one of our upcoming seminars, click here for schedule