Getting into Edmonton Real Estate

Posted by Gurpreet Ghatehora on Wednesday, April 30th, 2014 at 10:55am.

Edmonton real estate is extremely diverse and can offer potential buyers whatever they may desire. Whether you want to buy a fixer-upper, get into a condo, purchase a luxury estate or get in on the ground floor of a new development, Edmonton has it all.

Why all the selection?

Edmonton is a city in flux. Edmonton is rapidly expanding its borders and with that comes residential expansion of all kinds (as well as commercial growth). This means there is no shortage of new developers coming in to snatch up land and develop niche communities focused on sustainable housing, active living and urban lifestyles. Edmonton real estate literally comes in all shapes and sizes, so for the many buyers out there on the hunt, there is surely something to meet your needs.
Due to the strong demand in the Edmonton real estate market though, this can mean buying in new communities still under construction, or in established communities where renovations are required.

What can you expect?

That entirely depends on what you need. What you can expect from Edmonton real estate in any price range is a lot of competition. This means that if you see a place you like you have to be willing to move quickly to secure it. Other than that, you can expect to find unique homes, luxury homes, traditional homes and modern spaces in spades. The amount of building happening in the city means buyers can find everything they may want, from condos to single-family family homes. It is important to note, however, that if you are looking to live downtown, it will be the condo-life for you.
The downtown area is already developed and although there are new developments in the works, they all consist of multi-family, high-rise buildings due to the limited space available. If you want luxury detached homes or traditional single-family houses, you must turn your eye to Edmonton real estate developments in the southern section of the city, the Northeast sector (including St. Albert), as well as the Northwest edges, which all still have room to expand.

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