When thinking about the jobs and industries that we will never be able to live without in the world most of us will think about people who work in hospitals and maybe teachers or government workers. Few would put those who sell vacation rentals or condos in Alberta very high on the list. But, the truth is that shelter is one of our primary necessities to survive and the real estate industry is one of the largest factors that contributes to an area's overall economy. If you're trying to find out more about life as an Albertan than you need to look at this sector.
Last year more than $22 billion properties, both commercial and residential, were bought and sold in the province of Alberta. This industry is responsible for more than 25,000 jobs as people start off their careers or move to the area. When a home or commercial space is sold, the experts predict that more than $40,000 is also spent on additional services and products in the area. The real estate industry is also feeding everything from furniture sales to insurance companies and mortgage specialists.
If you've decided that you're tired of dealing with high mortgage refinancing and want to move to Western Canada than you might be wondering which city might be right for you. The median selling price for a single-family home in Calgary as of December 2010 was just under $390,000, while the price in Edmonton was just over $355,000. The average price for a condo in both cities is between $225,000 and $240,000. This should be happy news for those that are used to looking at condos for sale on Merton Street in Toronto for example, where the average price is closer to $375,000.
There were about 3600 homes sold in November of 2010 in the entire province of Alberta and the average price of a home throughout was around $345,000. The most affordable region is South Central Alberta, where the average price of a home is around $220,000. Surprisingly, the highest residential average price is in Fort McMurray, where homes are around the $580,000 mark. This is even much higher than you would see when looking for a home in Vancouver or Toronto.
Alberta has a relatively high rate when it comes to the cost of homes thanks to its rich economy. There are more than 10,000 brokers that are working throughout the province to help people find the perfect home or business space. Throughout Alberta there are all kinds of different styles of homes and price ranges to choose from. Out of the 24,000 homes that are currently on the market it is certain that if you're looking you will be able to find one that suits your tastes and budget.
If you would like to begin researching real estate in Calgary, a site we suggest you visit is HomesinCalgary.info. Best of luck!