Alberta Remains Best Place for Real Estate Investors
When it comes to the housing market, E-town still rules! So says Don Campbell, president of REIN, the Real Estate Investment Network. Don has earned a reputation as a trustworthy source of advice for anyone interested in Alberta real estate – when Mr Campbell speaks, people tend to listen! Not only is he bullish on Alberta real estate, he goes a step further to state that Edmonton remains the best place to buy real estate in all of North America! That’s quite a claim, especially in light of the rise and fall and rise again of oil prices!
“Edmonton has the potential, it has the job growth. We know that when the recovery comes … Edmonton is going to be able to provide fuel and fertilizer, which is exactly what the world is looking for. So that’s a pretty good basis for job growth.”
Don is also not wearing rose-coloured glasses. He believes “real estate markets are likely to remain choppy for then next 18 months” and doesn’t forecast a repeat performance of the dramatic price increases we saw prior to the recession.
What I read into Mr Campbell’s comments is that now is a safe and smart time to make a purchase. While there may be some volatility in prices in the short term, 2010 will bring a solid turnaround in real estate. Wouldn’t it be nice to look back and be glad you listened to the trend gurus and purchased at today’s prices?
Contributed by Kathy Schmidt, Broker Owner of Schmidt Realty Group
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