It’s all eyes on Edmonton real estate investment opportunities these days. With a hot 2021 real estate market as Alberta’s economy continues to recover, investors are eyeing up Edmonton’s affordable housing as an excellent real estate investment opportunity.
Relative to larger cities across Canada like Vancouver, Toronto, and even Calgary, Edmonton represents significant value where buyers can get more for their money than in other markets. Read on to learn more about Edmonton real estate investment opportunities and why investors are bullish on the Edmonton market.
Investors tout positive cash flow and significant returns in Edmonton market
In a recent article for the Edmonton Journal, real estate investors Patrick Francey and JG Francoeur with the Real Estate Investment Network (REIN) spoke to the potential that the Edmonton real estate investment market represents. Francey, CEO of REIN, explains:
“What you can find … in Edmonton, quite easily relative to what’s going on in B.C. and Ontario, is real estate that will produce cash flow. So long-term, when your real estate produces a cash flow, you don’t need to rely as much on capital appreciation to make it a profitable investment.”
In the Edmonton market where home values and rents are increasing, investors can expect to generate cash flow in the range of $300 to $700 a month. Experts are also seeing a rise in buyers from B.C. and Ontario looking to take advantage of significant returns, sometimes as much as double.
For example, an Edmonton condo purchased for $200,000 might fetch $1,200 per month in rent. Comparatively, a similar condo in Toronto would cost at least $500,000 and rent for about $1,800 per month. Simply put, the Alberta market offers more room to grow compared to other markets which are at or near their peaks.
Fast growing tech sector boosts Edmonton’s ranking
As Alberta’s economy continues to diversify and grow, Edmonton is garnering attention for its ability to attract and grow talent in the technology industry. With a tech sector labour force that grew more than 50% over five years, Edmonton has landed a spot on the CBRE’s top 50 cities in North America for Scoring Tech Talent.
According to Dave Young, CBRE Edmonton managing director, Edmonton is an ideal spot for growing tech companies due to an availability of a young, educated labour force as well as relatively inexpensive office and residential real estate.
“There’s a cost advantage to being in Alberta. You look at residential housing prices or rental rates that are being achieved, I think there’s a very effective and efficient way for people to live, work and play in the city and we need to capitalize on that,” Young explains.
Explore Edmonton real estate investment opportunities
With over 15 years of experience in the Edmonton market, Wally has worked with many investors to find suitable investment opportunities throughout the city.
Connect with Wally by phone/text at 780-238-7384 to learn more about the top Edmonton real estate investment opportunities available.