Edmonton is an exciting place to be right now! With new upcoming projects in the energy sector and a steadily increasing demand for labour, Edmonton is considered a “hot spot” for 2011 (regardless of what the weather reports say). According to the CMHC Housing Forecast for 2011, Single Family Detached Homes in Edmonton are expected to increase on average by 3% in value. The average selling price of single family dwellings in the Edmonton area for January was $356,276, and average condo price was $220,993.

The diversity of housing & areas to chose from means that there is a property for every buyer, from reasonably priced condos to gorgeous estate properties. The newer suburban areas are seeing more businesses arrive to serve the local population. The more established core areas are being revitalized through projects such as the “Community Renaissance”, “Neighbourhood Storefront” and “Community Sustainability” projects initiated by the City of Edmonton.

Known as “Festival City”, Edmonton is alive throughout the year with arts & culture celebrations, creating an atmosphere of community & inclusivity. A current example is our annual Winter Lights Festival: a series of spectacular events from January to March, encouraging all Edmontonians to put on a toque and gloves, come outside and embrace the cold!

Our parks and trail systems in our famous River Valley and throughout the city provide the perfect spots for snowshoeing, cross-country skiing, running, biking, or even just a leisurely stroll. Venues such as Fort Edmonton Park transport locals and tourists alike to the early days of Edmonton, and bring to life the rich history and traditions that the city was built on. Feel like staying indoors? The Alberta Art Gallery, our museums, theatres, dance studios, or any of the several community recreation facilities mean there is always something new to see or try.

If you ever have questions about the real estate market in Edmonton, or Edmonton in general, please contact Kerri-lyn Holland at RE/MAX River City: KerrilynHolland@remax.net, 780-439-7000.