Buying A House in Edmonton

As the capital of the Canadian province of Alberta Edmonton has one of the most fertile farmlands on the prairies. It is home to the largest mall in Canada and has the highest number of parks per capita in the country. Edmonton is a beautiful city that is not only prosperous but also growing at a very fast clip. Edmonton is also an innovator when it comes to waster disposal and has one of the best recycling and composting programs in the country. Vibrant and modern yet friendly and inviting, Edmonton is certainly among the more attractive cities in Canada.

Key Features Of Edmonton Real Estate

Home to Canada's biggest mall
River Valley constitutes longest stretch of connected urban parkland
Numerous distinct neighbourhoods
Excellent job growth
Prosperous economy
Dynamic city
Solid economy

Demographics of Edmonton

With more and more people relocating to Edmonton, Canada, Edmonton proper has a population of 730 372 inhabitants now while the Greater Edmonton Area includes 1 034 945 inhabitants.

Lifestylein Edmonton

Edmonton is an exciting and modern city. It features a wonderful mix of urban and suburban living that caters to a wide range of wants and needs. Those who enjoy the thrill of big city life can certainly get their fill by living within the heart of this thriving metropolis while those who appreciate the quiet and warmth of a friendly suburb will also be highly satisfied with what Edmonton has to offer. Edmonton has earned the title of Festival City because of the many events and celebrations that are held in there every year. It has a superb cultural scene while its extensive parkland provides ample space for recharging in the midst of nature.

Economy of Edmonton

Edmonton's primary economy used to be that of oil production. However, after the collapse of oil prices in 1980's the city expanded its economic scope to encompass a wide range of lucrative industries including a major gas industry, a strong tech industry including companies such as IBM, Telus, Dell, Intel BioWare, Matrikon and General Electric. In fact, Edmonton has enjoyed employment growth of a staggering 37%.

Transportation in Edmonton

Edmonton has two airports, an extensive network of highways and roads and a solid public transit system that includes a light rail line, buses and trolley buses.

History of Edmonton

The area in and around Edmonton was settled long before the first European settlers arrived by tribes of the First Nations People. The first European explorer to the area was Anthony Henday an employee of the Hudson's Bay Company whose mandate was to establish a fur trading network with the natives. In 1795 Fort Edmonton was established as a major trading post of the Hudson's Bay Company. Eventually the fertile soil in the area attracted settlers from all over and it became a major regional commercial and agricultural centre. The area saw a huge boom in 1897 when prospectors breezed through the town hoping to cash in on the Klondike's Gold Rush. The city was incorporated in 1904 and really saw a huge growth during the 1950's when the oil boom started. After several years of up and down economics, Edmonton finally diversified its economy, which led to significant and solid growth from the late 1990's onwards.

Property Market - Buy a house in Edmonton

Thanks to the overall health of the property market Edmonton real estate is seeing tremendous gains. In fact, in the province of Alberta, Edmonton is the city currently posting the fastest growth in the real estate industry. The Edmonton property market is currently witnessing bidding wars - something that no expert was able to predict. Much of this frenzy is being driven by both local home buyers as well as Albertan speculators who are buying up multiple properties at once in a bid to cash in on what many consider as the next hot market. Consult a real estate broker in Canada to find homes for sale in Canada.

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