We can all appreciate the beauty of diversity in the real estate industry. With the right information and resources, anyone can invest and enjoy the benefits linked to this market. Millennials are the country's most influential generation in the real estate market. In a study conducted in Canada, 51% of millennials were renting, and 83% planning to buy a home soon.

With higher incomes and a desire to settle down, millennials are changing housing provisions to accommodate their needs. Edmonton is an affordable yet lucrative location for both investors and buyers. Thus, real estate standards are rising with such a demanding group in the market.  Information below shows how the millennials are changing the Edmonton real estate model.

New Trends are Everything

This is a generation keen on the nitty-gritty aspects of design and general display. The décor, layout, and amenities need to stand out before considering the property in the market. With the perks of digital media, creative spaces are essential. What was impressive to home buyers and investors in the 90s no longer appeals to the millennials.

The presence of such detailed clientele has a positive influence on the industry. Edmonton real estate market entities are now more intentional about design, structure, and color. The goal is to develop structures that attract this group.

Convenience

Gone are the days when individuals had to find a realtor in their offices or, better yet, the perfect home. Most millennials rely on technology to identify potential homes. Also, with referrals, most will share information acquired online. An online presence is crucial. Millennials are individuals who can with ease make prompt decisions using available online resources.

Millennials have made it imperative for the Edmonton real estate industry to work on their online portfolio. They need to capture the attention of the large group of people who depend on the internet. For instance, the Canadian housing market has experienced a shift in demand from condos to detached homes.

By surfing the internet, millennials can identify the perfect detached home. Hence, the real estate sector in Edmonton is aligning itself with the market changes.

Technology and Green Energy

Don't we all appreciate how much technology has made everything easier? It is even more impressive how much we can achieve with home technology. Technology is vital for this generation. They want to control their home surroundings with a click of the button. The presence of energy-saving appliances in the household makes all the difference.

In Edmonton, smart homes have become a dominant theme across the region. Technology is an amenity that customers will pay for to remain connected throughout. This demand has undoubtedly changed the dynamics within the Edmonton real estate market.

With millennials taking over the industry, the housing market is changing for the better. Our online presence allows individuals to interact with us and make their dreams come true. Check out our website and view the wide range of resources that align with all customers' needs. 

Looking to buy or sell Edmonton Real Estate. Contact Us Gurpreet Ghatehora Edmonton Real Estate Agent RE/MAX RIVER CITY 780-951-6530 or visit https://www.edmontonhomesonsale.com

   

Posted by Gurpreet Ghatehora on

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Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton. Copyright 2022 by the REALTORS® Association of Edmonton. All rights reserved.

Listing information last updated on June 25th, 2022 at 11:16pm CDT.