Alberta is bouncing back from the impact of the oil market downturn and ten of its cities are expected to outperform for homeowners and investors in the next five years.
According to the Real Estate Investment Network, the cities in its top 10, led by Edmonton, are ranked based on their position in the network’s real estate cycle.
"There are interesting times ahead for Alberta as a province. However, within these interesting times, trends are beginning to emerge that are pointing to some regions of the province showing signs of stabilizing while others are slowly beginning to enter a growth curve. These regions are identified in this report." says REIN's Senior Analyst Don R. Campbell.
The top 10 are:
- Fort Saskatchewan
- Red Deer
- Medicine Hat
"While these top ten continue to be in the technical slump phase of REIN's Real Estate Cycle, this can be an optimal time for strategic and patient homebuyers and investors to begin to slowly enter the market again," added Campbell.
Read the full report
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