Canada’s Real Estate Investment Network (REIN), a real estate research, education and consulting organization recently released a report on the top 10 Alberta towns for investment. Edmonton and Calgary take the top two spots in the report, which analyzes the current and future prospects for real estate investment in the province. Alberta, with its rich natural resources and popular recreation opportunities, is a good destination for investment in Canada.
“Despite today’s continuing market turmoil, our research indicates that Alberta will prove to be the best real estate market in North America over the coming decade,” says report lead author Don Campbell, REIN president and author. “We’ve just come out of the Tiger Woods years of real estate investing in Edmonton, but this city has maintained its hold on the number-one spot on the top 10 list. While the years of skyrocketing prices may be over for now, Edmonton’s economic fundamentals are poised for greatness and continue to make this city our top pick for long-term real estate ownership and rental housing investment.”
Following Edmonton and Calgary in the list are Red Deer, St. Albert, and Grande Prairie for the top five. Tied at sixth are Lethbridge and Fort McMurray, with Airdrie in seventh and two more towns tied for eighth, Cochrane and SylvanLake. Airdrie is near Calgary and is one of the fastest growing communities in the province. Lethbridge, near the border with the US, is one of the few towns in Alberta without a heavy reliance on oil and gas production. The big draw for this town is the University of Lethbridge, a major research university.
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