Where to buy now
Are there are any bargains left in Canadian real estate? You bet there are. Moneysense reveals which cities offer the best value for real estate investors.
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Often swallowed by Calgary’s long shadow, Edmonton has all the benefits of Calgary’s booming economy, and a more affordable real estate market. Edmonton has attracted large numbers of immigrants......lowest unemployment rates of our top seven cities: 5.4%. Even lower unemployment is forecast for 2012. “.....Edmonton earned its highest points for its economy, with a stellar grade of A+ in that category...... Edmonton also earned a solid B+ in value, with the average home costing $336,000, about $75,000 less than a similar home in Calgary ..... The city has a fairly low vacancy rate of 3%, with rent on a two-bedroom apartment averaging $1,060 a month. “....Edmonton’s economy projected to grow by 3.4% this year, thanks to strength in the manufacturing and services sectors. Despite the apparent focus on oil and gas, Edmonton’s economy is one of the most diverse in Canada. It boasts major employers such as IBM, Telus and General Electric, as well as a growing biotech sector