Edmonton Housing Market

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If you’re looking for a right real estate market to invest Edmonton would be one to consider. Named as the ‘City of Festivals’, Edmonton hosts numerous festive occasions throughout the year which is a reason for the Edmonton condos and Edmonton home builders remain stronger than ever despite the recent recession.

If you’re not familiar with the place Edmonton is the capital of the Canadian province of Alberta. Edmonton is on the North Saskatchewan River and is the center of the Edmonton Capital Region, which is surrounded by Alberta’s central region.

The housing market of the region too suffers from various ups and down without showing any apparent signs of the demand for homes waning completely. However, you will find that the Housing Market in Edmonton, Alberta, Canada literally drenched with beautiful homes for sale.

A lot of homes in and around the area are a simple matter of fact no flounces accommodation that is ideally suited for modern living. Buying a house in Edmonton has become a popular choice for many since the city is thriving economically on account of its gas and oil fields that sustain a relatively sparse population of 812,201 in the 2011 Census.

Despite being well known as the oil capital of Canada, Edmonton’s economy is made up of diverse components and is more than adequate for keeping its residents in style. Edmonton’s natural resources include the river valley where becomes the  home to the largest stretch of American elm trees in North America and the park system within the valley is twenty times larger than New York’s Central Park.

The housing market’s surprising turnaround is spreading to new-home construction because the market is responding to a supply shortage that has sent pricing soaring for existing homes. All of these factors increase the building of new homes in the Edmonton.

The region will likely not be quick enough to help with the demand for new homes being pumped up by record low interest rates. Home-ownership costs are likely to rise in the coming years as mortgage rates have hit rock bottom and prices are set to rise. However, the affordability still stays for starting couples or those who are on a budget.

Edmonton is at the center of Canada’s sixth largest census metropolitan area that includes Edmonton itself and 34 other municipalities in the surrounding area. That is why if you can’t let go of the urban living but still wanted a bit peace this place is right for you.