Looking to Invest in Alberta Property

[jemshoc]

I'm in a bit of a pickle and would appreciate any advice you can provide. What are the risks in investing in Alberta area? I want to invest in some good property there but I am not sure how to go about it. I have seen the ads of many real estate investment experts on that particular area but as I am new to the area I would like to have advices from you people to help me get a better choice.


Any suggestions would be appreciated!!!

[jonson]

I think that you are going right. The factors that translate into Alberta being the No. 1 region in Canada for investing in real estate are that Alberta includes high energy prices, rapid population growth, low unemployment, an abundance of jobs, improved infrastructure and affordable housing costs. When it comes to investing in real estate Alberta, I think Edmonton, Grand Prairie, and Calgary, with Red Deer, Sturgeon County, and Strathcona County hold a good place. For your Alberta Property Investment issues I think that you can go to people that offer joint venture services as well as advices on various property issues.

[vernon martin]

There's speculative fever coming from the thriving oil sand fields of northern Alberta, as featured in CBS's 60 Minutes, but home prices are declining in most of northern Alberta. Why? Overdevelopment. Pay attention to the amount of "unsold inventory" for whatever property type you prefer. A lot of properties are priced based on very high expectations of employment growth in the Edmonton and Strathcona areas. With plenty of available land and lack of development restrictions, this market might have the potential to be next "Texas of the 1980s".

That being said, Red Deer seems to be the hottest location at present because it is at the terminus of the oil slurry pipeline coming down from Fort McMurray, and it seems to lead the province in terms of announced industrial projects.