...helping you achieve your financial goals
“It’s tangible; it’s solid; it’s beautiful; it’s artistic. I just
love real estate.”
- Donald Trump,
Real Estate Magnate
“Land increases more rapidly in value at the centers
and about the circumference of cities.”
-William E. Harmon,
Noted realty operator
WHY EDMONTON?
Edmonton is rated number 1 of the Top Ten Cities in all of Canada
by the Real Estate Investment Network.
Edmonton is rated number 1 city in Canada for economic momentum
by CIBC World Markets. Nine key macroeconomic variables and drivers
of economic growth comprise the index used. (December 3rd 2007)
Alberta’s oilsands are the world’s largest known petrocarbon source
and estimates of 176 billion barrels are recoverable with today’s
technology. It’s estimated that there could be 2 trillion barrels
or more buried deeper underground. Clive Mather, Shell’s chief says
“This is a very, very big resource”. That would be 8 times the
amount of reserves in Saudi Arabia!
A staggering $237 billion worth of major capital projects are
currently in the pipeline on a province wide basis, with $148
billion or more than 62% in oilsands investment.
Edmonton is the closest major centre to all of the oilsands projects
in Northern Alberta. It is the staging area for equipment,
transportation, services and labor for these projects.
The projects are choosing the Edmonton region because it has a large
skilled workforce, strong social services, the capacity to expand
and organized growth planning by Edmonton and the municipalities
adjacent to the city.
Shell forecasts that “the cumulative construction workforce is
expected to remain high at more than 8,000 workers, from mid 2008
to early 2013 with a peak of about 13,300 workers by the end of
2011”.
According to the City of Edmonton, the region’s population will grow
by up to 200,000 over the next 10 years and 140,000 or 70% of the
new residents will settle in the city.
According to CMHC, Edmonton’s vacancy rates will drop to an
unbelievable 0.5% in 2008, due to strong demand from newcomers and
a shortage of new units entering the market. Low vacancy rates means
a tight rental market and rents will have to increase accordingly.
