Monday, April 16, 2007

Again Edmonton Leads In The West

Edmonton once again leads in residential sales for Canada West. March was a record breaking month.

"The biggest percentage gains continued to be primarily in western cities. Edmonton's year-over-year price appreciation of 47.8 per cent leads all cities. Saskatoon's price gain of 28.2 per cent and Calgary's 27.6 per cent rounded out the top three."

The great thing about Edmonton is that prices will continue to rise due to the labour needs (among other things) of the oilsands - more people coming to look for a limited supply of housing. Edmonton also has an undervalued residential market. It may slow down this year but that only gives us a breather to get more great properties for our investors.