Edmonton has recently been hyped as one of Canada’s hottest residential markets for investors in recent weeks and has also been recognized as the top residential market based on potential growth and economic development. Edmonton had seventeen homes in the previous month sell for over 1 million dollars. Edmonton’s current REIN score which is based out of a possible 50 is currently standing at 45. The REIN score is based on such things as how well a city deals with factors such as job creation, population growth, post-secondary education and city infrastructure. As well it’s yield for potential growth, housing to rental ratio and how much rental increase potential. Edmonton topped the list just beating out Calgary by 1 point. Meanwhile, other cities that were high on the list were Fort Saskatchewan at 43 out of 50 and St. Albert came in at 39 out of 50.
If you are looking to get into the real estate market as an investor call Norm Cholak today at 780-991-1313 to have him help you buy or sell today!
You must be logged in to post a comment.