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Updated about 17 years ago,
Edmonton Real Estate Up 52% in 2006, this year the same....
Alberta is the largest local exporter of oil to the US. We have more oil in tar sands alone than all of Saudi Arabia. The oil sector here is booming!!! Multi billion dollar projects are going up everywhere you look!!!
Edmonton is the capital city of Alberta with about 1m people. The Edmonton market is soaring!!! Last year realestate appreciated by 52%. yes I said "52%". This year we're already up 18% and predictions for year end run as high as another 52% year in 2007.
The big thing going on here right now is condo conversions. We have very little restrictions what can be done to a property so everyone is converting to condos and cashing out.
So if you want to make some several hunderd thousand dollars with very little work then this is the market to do it in. That being said, I have a 15 unit apartment building which is available for sale. I have to sell it before May 31st as I have another deal that I need the funds for. So if you're a someone who has deep pockets and can move quickly this might be a great opportunity for you to make half a million dollars in 6 to 12 months. For complete details on that building go to: mshinvestments.com and check it out.