REIN (Real Estate Investment Network) has released it's Alberta Top Ten Towns and once again Edmonton is the best place to invest in Alberta. A market full of fear and banks tightening up on lending due to the sub prime mess in the states doesn't negate the fact that some markets in Alberta will perform better than others.
Edmonton's economic fundamentals, excellent future and continuous infrastructure improvement will keep the city at the top this year. If the current plateau scares you, it's only been a year, look further at the many billion dollar projects planned for the next 15 years. They will keep the economy vibrant and growing.
"If there were no strong economic fundamentals supporting the market, it would be a good thing to be afraid," However, when you study the long-term strength you will be able to relax and not let those from outside the country take up all of the good deals and look like geniuses five years from now." REIN Alberta Top Ten Towns Report
TOP ALBERTA RESIDENTIAL REAL ESTATE INVESTMENT TOWNS
1. Edmonton
2. Calgary
3. Red Deer
4. St. Albert
5. Grande Prairie
6a. Lethbridge
6b. Fort McMurray
7. Airdrie
8a. Cochrane
8b. Sylvan Lake
9a. Lacombe
9b. Devon
10. Sturgeon & Strathcona Counties
For the detailed report with specifics on each town click here
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This list should have been done based on population, number of investments per 1,000 units then Fort McMurray would be much closer to the to of the list. Many of the old timers own more than one unit.