Edmonton
Edmonton is the capital of Alberta. This is situated in the center of the Edmonton Metropolitan Region and on the North Saskatchewan River which is further surrounded by the central region of Alberta.
The number of Pre-construction development in the city:
There are a total of 276 new home developments in Edmonton city that are a mixture of low-rise and high-rise that are planned that are recently completed or under construction. Out of there are 22 apartment developments and 66 condo developments with almost 2405 developments that are currently under construction. There are a total of 39 townhouse developments and approximately 149 single family home developments.
Developing areas in the city:
Edmonton city is growing so quickly. The capital of the city boasts a population of more than 900,000. Edmonton has a number of developing communities. One of them is Parkallen. This community is the favorite community for young families. The other one is Dovercourt. This community is one of the most favorite neighborhoods for seniors and young families. Next is Grovenor. This community is close to downtown and also overlooks McKinnon ravine that makes this community a perfect blend or mixture of green spaces and urban amenities. There are a number of picturesque single-family houses in the community and there is a good blend of renters and owners. The next one is Ldylwylde. This community is a favorite up and coming neighborhood for young families.
Style of Residential developments:
When searching for a house in Edmonton city, factors like the number of bedrooms, the number of washrooms, and location always come first. The one-storey living along with a finished basement was a norm back in the day and that’s why many older single-family houses in the city are Bungalows. Bungalows are now re-emerging with a number of developers building modern bungalows with many bathrooms and bedrooms, particularly in newer neighborhoods and gated communities in Edmonton. Storey houses are one of the most widespread home styles in Edmonton. The ground floor of this style typically includes a kitchen and a living room. There are open new plans in newer constructions. Bi-level homes are another emerging style in the city. These houses are typically wider and short as compared to their 2-storey counterpart. This is a unique and worth exploring style.
The average price of reconstruction developments:
The median household price per square foot for the low-rise home is $235. Pacesetter Homes Edmonton is one of the most active developers in the city. The whole renovation in the city can easily be expected from $60 to $180 per square foot.
Real estate fact:
A drop in sale activity is experienced by Edmonton housing market due to COVID-19 lockdowns in May and April. Almost 2% increase in average residential price of real estate is expected, Alberta for the remainder of the year. All residential prices were between $382,060 in the year 2019.
