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Big bang for the buck in Alberta residential real estate

Alberta seems to be where it's at for property these days. After rallying from an economic slump, the residential real estate sector -- and all real estate in general -- looks to be on the rise in White Rose Country. Low gas and oil prices in Alberta are also helping to heighten overall market.

In fact, this year could be one of the best yet to buy real estate in Alberta, and the best places to search for deals are in the Edmonton and Calgary areas. Canada Mortgage and Housing Corporation (CMHC) stats show that properties between $400,000 and $500,000 are still strong and may be prudent investments. Deals are around, especially in single-family suites. 

Calgary and Edmonton are coming around after three hard economic years. In addition to Alberta's two largest cities, Lethbridge and Medicine Hat also seem to be communities to which people are gravitating. Alberta home buyers are attracted to Lethbridge for its quality of life. The university city has all the pluses of a larger city but with the appeal of a smaller town.

Medicine Hat has a number of affordable homes, which are especially attractive to first-time home buyers. The commercial sector is also doing well in Medicine Hat -- a clear indication the economy is on the upswing. Residents thinking about purchasing real estate would do well to consult a lawyer for advice before starting on their journey.

An Alberta lawyer experienced in real estate can put potential purchasers on the right path. There are many places that could seem like deals in residential real estate, but to make sure the deal is legitimate, it should have the stamp of approval of a lawyer. That advice could mean the deal of the century or could save an unwary purchaser from making a grave error. 

Source:, "Start Setting Your Sights On Alberta Real Estate", Wayne Karl and Sonia Bell, Aug. 14, 2017

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