Alberta's real estate markets ranked

By rdnewsNOW
October 25, 2017 - 8:07am

VANCOUVER- A new report by the Real Estate Investment Network has analyzed and ranked cities and towns across Alberta to identify which markets will be best for homebuyers and investors.

The Top 10 Towns and Cities - Alberta list uses detailed economic and demographic analysis on 36 factors to assist Albertans in making the right choice on whether now is a good time to buy a property, or is it better to wait.

The Real Estate Investment Network is an independent research firm and is not associated with any real estate firm or association.

The network has been producing reports on housing markets across Canada for 25 years.

The cities are ranked in order of potential for housing market strength over the coming five year period:

1- Edmonton
2- Calgary
3- Leduc
4- Fort Saskatchewan
5- Lethbridge
6- Okotoks
7- Red Deer
8- Medicine Hat
9- Airdrie
10- Lacombe

Trends are beginning to emerge that are pointing to some regions of the province showing signs of stabilizing while others are slowly beginning to enter a growth curve.

Not only does the report list the top ten towns and cities to invest in Alberta based on economic fundamentals, but also, for the first time ever, Real Estate Investment Network research shows:

Where each city sits in the technical phase of REIN's real estate cycle.

For investors: Given each city's phase in REIN's real estate cycle, the report shares which investment tactics will be the most effective.

For homebuyers: The report provides answers to the key question on whether now is good time to buy, given a city's position in the cycle, or whether waiting is a better option.

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