Wrapping up our productive work week this Friday are some good news about Edmonton's real estate market. Since Team Leading Edge is on a roll let's keep the momentum going with these positive key indicators.
CDCNews | Edmonton reported last 2 April that "Average house costs in Edmonton reach record high". The report confirms that Edmonton is experiencing a real estate boom with "average family home remaining on the market for 44 days, down from 51 in March of last year". Houses sales have been pegged at north of 6%. Read more here.
Calgary Sun on the other hand had an article entitled "Edmonton looking pretty attractive " which was published last 19 July. The author Myke Thomas discuss how Edmonton homes are less expensive than those in Airdrie, Chestermere, Okotoks or Cochrane,
Based from his report, "The survey found a standard bungalow in Calgary costs $501,200. In Edmonton, it’s $350,401. In Calgary, a standard two-storey home costs $489,589. Up north, it’s $372,112. A standard condominium in Calgary? $286,422. In Edmonton? $236,429." Don't get confused, these figures does not contradict the information from CDCNews, as Calgary Sun compares the home prices of Edmonton against its neighbors and CDCNews compares it from Edmonton's past stats. (Just being clear here)
Furthermore, Calgary Sun confirms that "Edmonton provides a more than viable alternative to Calgary." If this does not convince first time homebuyers to buy now and homesellers to sell, I don't know what will. Read more here.
Bottom line, the real estate industry in Edmonton is in top shape so if you are looking to invest in real estate, the time is now.
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