Edmonton is the capital of Alberta, and with a population of about 960,000, it is the second-largest city in the province. It has enjoyed population growth of about 8 percent in the past 10 years. It is often referred to as the oil capital of Canada, where gas and oil are some of the primary sources of income. It is a lovely city experiencing growth in the technology industry as well, which makes it an attractive option for many young people looking for career opportunities in this high demand industry.
Edmonton is also knowns as "The Big E", but has gained a new nickname, Canada's "Festival City." As it continues to attract more world-class events throughout the year, Edmonton is drawing more visitors to its charming skyline.
It is home to the largest mall in North America and continues to be a shopping mecca for many in the province. As well, the city is steeped in history offering some prominent architecture, which the city deems its "Municipal Historic Resources." These buildings are protected from being torn down or overly renovated helping maintain the old-world charm for the historic parts of the city.
Adding to the historic feel of the city, you will also find lovely gardens adding more green space to enjoy.
As its new nickname implies, Edmonton is attracting more and more festivals. This means there is always something happening in the city. However, you don't need a festival to find something to do in Edmonton. It offers an exciting nightlife with a variety of clubs, movie theatres, restaurants and bars to choose from. You will never have a shortage of dining experiences to tempt your taste buds and you will also have all the conveniences close by with an impressive selection of shopping malls and larger-chain retailers to meet your needs.
Edmonton is also no stranger to the arts. From concerts to sports and art galleries to cultural events, you will have countless options to keep you entertained throughout the year.
The Commonwealth Walkway is a 10-kilometre path that travels through the North Saskatchewan River Valley. You can easily reach a number of attractions including the Indigenous Art Park, John Walter Museum and the Alberta Legislature by foot.
Sports enthusiasts are always on their toes with plenty of hockey, football, soccer, baseball or basketball games to attend. Regardless of the season, there is always a sporting event to get you cheering.
With an endless pool of jobs and new projects popping up in the city, the gas and oil industries definitely keep the town's economy pumped. In fact, 60 percent of the economy's income can be attributed to the oil and gas industry alone.
However, Edmonton's tech jobs grew by 26 percent since 2014 with over 5,800 positions becoming available in the past five years. This places it 10th for Canadian cities that attract tech companies and talent. The technology education available in Edmonton has helped improve the talent pool with over 1,000 tech-based degrees awarded in the city each year. That places Edmonton seventh in Canada for tech graduates.
These are just a few examples of the charming, homey neighbourhoods Edmonton has to offer.
Edmonton offers excellent elementary and high schools throughout the city's districts. It has some of the highest-scoring schools in the province setting very high educational standards. Older students will find 10 post-secondary institutions, offering a broad range of programs for both graduate and post-graduate students.
You can get into and around the city using the dependable bus and light rail transit (LRT) services. The LRT has 15 stops throughout Edmonton, but many choose to use the Downtown Bike Network to travel in the downtown area when weather permits.
In the Edmonton real estate market, benchmark home prices dropped to their lowest in six years, reaching $316,200. This represents an 8.29 percent drop over the past five-year period. The average home prices for a detached single-family home in the Edmonton census metropolitan area dropped to $420,939. There was also a drop in year over year new home sales listings from 1,480 in October 2018 to 1,397 in October 2019 in the Edmonton housing market. Although this sounds discouraging for those wishing to sell their homes, it offers a great opportunity for people looking to buy in a city where the economy is doing well, and jobs are available.
If you would like more information on buying a home in Edmonton, contact our real estate agents today.