Thursday, November 15, 2007

Transportation Is Key People!

The Edmonton Transportation Effect a report released by Don R. Campbell shows how real estate price increases due to proximity to transportation can be applied to Edmonton.

The results show that homes near new extensions of the LRT and Anthony Henday Drive could see prices rise by 10 to 20 per cent above the Edmonton average over the next three to five years

"When people look for a property to purchase, be it their primary residence or an investment property, they take into consideration affordability, commute times and commute costs," Don R. Campbell President of REIN, author and real estate researcher

Mr. Campbell expects areas like Parkallen, Twin Brooks, Ermineskin, Belgravia, McKernanand Sky Rattler all in Edmonton's South side to see the biggest impact.
Wayne Mandryk, Edmonton's manager of transit projects, confirms that the LRT will likely have a positive effect on adjacent property values.

"Generally speaking research shows that land near transit stations rises in value," he said. "Certainly anyone looking to rent or sell will advertise the fact that it's located close to public transit."

The Edmonton Transportation Effect is available free of charge to non-members. It may be ordered by email at:

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