According to CREA, the average condo price is $541,500 as of Oct 2023, but in Edmonton it is under $200,000! according to a realtor.
The reasons for this might be Alberta’s growing economy, job availabilities, inter-provincial migration and immigration creating more needs for housing.
Many people all across Canada are moving or are interested in buying or investing in a property in Alberta and Edmonton seems to be a perfect place for it.
Edmonton developers are trying to develop most houses as per the demand but in this case a regular buyer is worried because of high demand it can also eventually lead to scarcity of properties and prices will raise here as well.
