Edmonton, Alberta may not be seeing as much of the limelight in the news as neighboring Calgary, but does this make it a less appealing choice for commercial real estate investment?
Actually, Edmonton has a lot going for it, besides being the capital of the province. Throughout the last year, there has been a large amount of activity by commercial real estate investors, and property management firms have found themselves extremely busy. If you talk with those in supporting industries that serve the commercial real estate market in Edmonton (commercial painting and maintenance firms), you will also find that they have been busy remodeling and upgrading existing investment properties as well.
Edmonton may not be as big of an international star as Calgary, which has been attracting much attention as a rising ‘World City’; however it does have many advantages for those looking for a wise commercial investment that will provide steady income and healthy growth as a long term investment.
You will find that both the commercial real estate and residential housing markets are currently more affordable than other areas of Western Canada. As the the influx and migration from the east continues by those in search of jobs, Edmonton will continue to be a top choice as a fantastic place to relocate to and live, both for the quality of life, and the affordability of housing. In fact, according to the recently published “7th Annual Demographia International Housing Affordability Survey”, Edmonton was ranked as the most affordable city in Canada.