The
people of Edmonton and area enjoy one of the highest standards of living
in the world. Some of the reasons for this include the many parks and
green spaces, great employment opportunities, AFFORDABLE HOUSING, the
hospitality and friendly atmosphere, great schools, strong communities,
a strong centre for the arts and a great place to do business.
According to latest figures released by the
Edmonton Real Estate Board,
The average selling
price of single family detached homes year to date is
currently $216,187 as of March, 2005. The condominium average selling price
$133,784 down 1/2 of 1% for the same period last
year.. All figures are record highs for the MLS. At the same time,
new home prices in the region increased dramatically with time to build
quoted by most builders of more that 9 months.
The
strength of the Edmonton real estate market is tied to exceptional
business growth, new job creation, in-migration and low interest
rates-all contributing to positive consumer confidence.
The resale home market in
Edmonton is overwhelmingly single-detached homes followed by
condominiums and rowhouses/duplexes.