IS THE ALBERTA REAL ESTATE BOOM OVER?
No! A healthy market has plateaus that create buying opportunities. We study the economic fundamentals of Alberta so that our investors remain informed and able to act to maximize their profits. In 2005 and 2006 Alberta saw a dramatic increase in Real Estate prices. In mid 2007 we entered into our second plateau period, which will last until about mid 2009. Subsequent leveling off of prices and an increase of properties for sale has caused people to think the “boom” is over. However, when you look at the economic fundamentals that drive Alberta you can clearly understand that the market is very strong and will continue for years to come based on supply and demand as well as the availability of many jobs with above average wages, low taxes, a large amount of in-migration from across Canada, employment demand in a variety of sectors, and Alberta’s diverse economy (some projects are continuing to be developed in 2020 and 2025- supporting a long-term growth environment) will maintain a hea
