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Alberta Mortgage Rates

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About Alberta

More About: Living In Alberta

Alberta is one of the three Prairie Provinces and is the fourth most populous province in Canada, with a population of roughly 4.3 million. Here are some more fun facts about Alberta:

  • Edmonton is the Capital city of Alberta, with a metropolitan population of about 1.3 million. Edmonton is home to the world's second largest fringe festival, which takes place every summer
  • Alberta's economy is largely rooted in agriculture, forestry, oil and gas
  • Because of Alberta's prosperous economy and high quality of life, many Canadians have been flocking west in recent years in search of better employment opportunities
  • Alberta offers both bustling, metropolitan cities and serene wilderness – all within a short distance
  • The average home price in Alberta is about $400,000 – that's just around the national average
  • Calgary's market is more expensive than the rest of the province, due to high demand and a growing population with an increased focus on higher end homes

FAQ: How does Alberta's economy impact the housing market?

A region's economy will always have a direct impact on the housing market. When an economy is strong, with good incomes and healthy employment levels, people are more willing and able to purchase properties. As demand for these properties increases, so in turn do the prices, which means that sellers are profiting from home sales, because their return is higher than their original investment. As such, there exists a very reciprocal relationship between the economy and the housing market. Alberta is a prime example of how a prosperous economy lends itself to a strong real estate market.

Alberta Housing Statistics

Alberta is Canada's strongest housing market right now. Its prosperous economy and growing population have meant positive gains in the real estate sector, and this growth is expected to continue through 2015.

Property Prices: Moderate Quality of Life Index: High
Cost of Living: High Traffic Index: High
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