The Edmonton Real Estate Blog

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Wednesday, April 05, 2006

More good news for Edmonton. Alberta.

Yesterday Scotia econmics released its glowing report of the Alberta economy. In their report you'll find they talk about declining conventional oil supplies while in the same breath talking about Alberta going from 8th largest producer in the world to 5th.

Of other interest was the cumulative value of economic development for the Alberta region lists 1148 venture projects as "on the books" with a cost of $123 billion.

So if you are wondering why the housing market in Edmonton is so hot and why home prices in the Edmonton area have increased so dramatically in the last while then maybe you should read their entire article. Looks like Edmonton is no longer just a great place to live its a great place to prosper.


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