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Edmonton is tops for residential real estate sales in Alberta

Alberta's capital city seems to be the best place in the province to invest in a home. The residential real estate market in Edmonton is both stable and affordable when compared to other markets in the country. According to a report by the Real Estate Investment Network, Edmonton is set to outshine other markets in Alberta, including Calgary's.

Because rent prices are falling and more rentals are sitting vacant, the time is now to get into a home before the rental market recovers. The market at the moment is a buy-and-keep one rather than a purchase-and-flip, which is showing a slow down. With low mortgage rates and cash flowing, the investment market in Edmonton is looking bright. 

Calgary made the second spot, while Leduc and Fort Saskatchewan placed third and fourth, respectively. The rest of the top ten markets in Alberta are Lethbridge, Okotoks, Red Deer, Medicine Hat, Airdrie and Lacombe. While Edmonton certainly stands out in Alberta, it also makes the top 10 list for the rest of Canada. It is still cited as a great city to buy and hold residential real estate because of its affordability.

Buying or selling residential real estate in any market in Alberta would be better done with the help of a lawyer. A lawyer will always make sure the conditions of any offer favor the best interests of his or her clients -- whether they be purchasers or sellers. A lawyer will also help his client understand the legalities of any real estate offer. 

Source:, "Edmonton top place in Alberta for real estate investment: report", Gordon Kent, Oct. 23, 2017

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