New buildings in Edmonton
City on the map
Edmonton is a city in Canada, the capital of the province of Alberta. Located in the northern part of the Great Prairies, along the North Saskatchewan River, east of the Canadian Rockies.
Why is it profitable to buy an apartment in a new building of Edmonton?
The once small village of Fort Edmonton became the capital of the province as a result of the notorious events on the Klondike (gold rush). At present, the city is not inferior in potential to many other economic centers of the country. The leading industry in the Edmonton economy (as well as in the region as a whole) is oil and gas production, as well as oil refining, plastics and fertilizers. The Canadian Institute of Nanotechnology is working, the well-known company BioWare which produces computer games is founded here too. The tourism sector is gaining momentum. The city is located in a region with fertile soils and sufficient moisture levels for growing cereals. Enterprises for flour milling, meat processing, tanning, and milk production are of great importance. In 2007, the Financial Times ranked Edmonton as the most attractive city for investment in North America.
The city is one of the cleanest and safest in North America. Ecologically, the largest system of parks in Canada in a picturesque river valley, known as the "green belt", close to the majestic mountains, should be noted. The parks cover an area of 111 sq.km, there are more than 100 km of cycling and jogging paths and hiking trails. There are several ski resorts in and around the city in hilly areas.
Edmonton is home to prestigious higher education institutions, including the University of Alberta, Northern Alberta Institute of Technology and the University of Athabasca.
The international airport is located 26 kilometers from the city center, the Vancouver-Toronto passenger train stops at the city railway station, the public transport system includes many bus routes and light rail lines.
In terms of the composition of the population, the city is distinguished by ethnic and cultural diversity. Those coming from Italy, Germany, Vietnam and other countries are attracted by good job and business prospects. In addition, a lot of new housing is being built here. Experts say that Edmonton's real estate in the new buildings, as well as in the country as a whole, will soon reach a record value in terms of sales.
New buildings in Edmonton from the developers are being built using new technologies in accordance with international standards. The cost depends on the location of the residential complex, its equipment and comfort class. Developers are equipping residential complexes in Edmonton with modern engineering systems. The market offers three types of housing in new buildings:
- condominiums (apartments in multi-storey buildings),
- detached houses,
- city houses, called townhouses (3 or 2-storey buildings).
The sale of apartments from developers is carried out, as a rule, on a turnkey basis. The standard quality is confirmed by customer reviews. You can buy an apartment from a developer in Edmonton at an affordable price. The minimum price per square meter of area in a new building, handed over in a turnkey condition (in accordance with the information of the real estate search engine GEOLN.COM) is $1,400.
Acquisition of an apartment in Edmonton from a developer by foreign citizens
An overseas buyer has the right to buy an apartment under the same conditions as a Canadian citizen.
Highlights of the city and its surroundings
- West Edmonton Shopping Center;
- Royal Alberta Museum;
- Reynolds-Albert Vetaskin Museum;
- Alberta Aviation Museum;
- Museum World of Science Telus;
- Elk Island National Park and Beaver Hills;
- Fort Edmonton Park;
- Edmont Valley Zoo;
- water park;
- Art Gallery of Alberta;
- Conservatory Muttart;
- Citadel theater and much more.
Purchasing an apartment in a new building of Edmonton is an investment in a business city with huge opportunities, where the economy is developing successfully, there are huge resources, there is an opportunity to receive high income from rental housing and resale. In addition, the city is just perfect for life (if cold and snowy winters are not terrifying for you).
Prices per sq. m. in popular districts of Edmonton
|Acheson||1570$ / m2|
|The Meadows District||2320$ / m2|
|Blatchford||2920$ / m2|
|Greater Strathcona||5630$ / m2|
|Heritage Valley||1800$ / m2|