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Edmonton leads the way in Alberta real estate transactions

The capital of Wild Rose Country is currently leading the way in real estate investments. Edmonton is Alberta's reigning leader in real estate transactions lately, according to a recent report on residential property deals in the province. The report suggests Edmonton is ahead in sales since it is entering a market recovery period, which makes prices more attractive for homebuyers.

Market conditions are also favourable for those wishing to purchase single family homes as investments -- holding on to them and renting them out instead of living in them. The capital has also seen increased job growth in the last several months and many sectors -- including technology -- are becoming much more healthy. The climate for job growth is great since Edmonton is the seat of health care and post secondary education in Alberta.

These drivers make the capital city less reliant on the oil industry and the real estate market is reaping the benefits. The report was based on information garnered from looking at many things that affect the economy including growth in the job market and the gross domestic product (GDP). The report also suggests that the real estate market will continue to rebound across the province.

There are many factors that can affect real estate transactions in Alberta. Whether one is a purchaser or a vendor, a lawyer experienced in real estate law may be able to help a client in any economic climate. There are laws in place that govern real estate deals no matter what the outside influences are, and a lawyer can guide a client accordingly in his or her real estate ventures.

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