While the economic outlook across Canada looks pretty bleak as, according to Chrystia Freeland, Federal Finance Minister said Wednesday that

"Difficult days ahead as Canada's economy shows signs of weakness". 

While that may be true for Canada as a whole, Alberta is poised to maintain stability despite the national challenges. ATB Financial deputy chief economist Rob Roach said recently that:

We’re still going to experience those rough waters here in Alberta, but because we’re doing a little bit better — commodity prices and other positive things — we’ll be able to weather that storm a little bit better than other places. Energy, commodities and agriculture will be the “main drivers” of Alberta’s economic growth”.

People of all demographics are flocking to Alberta for economic stability and opportunities not seen or projected in other parts of the country.  Still need more reasons to move to Edmonton?  Here are our Top 10 Reasons to Move to Edmonton:

1. The cost of living is affordable

If you’re sick of the high cost of living in major Canadian cities, then moving to Edmonton may be the right choice for you. The average rent for a one bedroom apartment in Edmonton is only $935 CAD, while the same type of apartment in Toronto costs an average of $2,260 CAD.

2. The economy is strong. 

Boosted by strong commodity prices, Alberta's economy is forecast to grow 5.0%  in 2022 and 3.0% next year and will be one of the top performers in the country this year.

3. There are plenty of jobs available. 

Alberta’s unemployment rate has ticked down every month since October 2021 and fell to the lowest level in seven years in July. 

4. You can enjoy a high quality of life without spending a lot of money. 

Living in Edmonton is more affordable, than other provinces. Edmonton offers higher incomes and lower cost of living due to no provincial sales tax, no health care premiums, and low average rental prices.

5. The city is growing quickly and there are lots of new opportunities opening up all the time. 

Alberta added 40,253 residents in the second quarter of 2022, boosted by accelerating interprovincial migration gains and continued strength in immigration.

6. Edmonton is a great place to raise a family. 

With its low crime rates and abundance of green space, Edmonton is regularly ranked as one of the best places to live in Canada. As well, Edmonton is home to some of the best post-secondary institutions in Canada. Amongst many specialized post-secondary institutions, three highly rated schools, MacEwan University, NAIT, and the University of Alberta, obtain admissions from around the world.  

7. There are plenty of cultural activities and events happening throughout the year. 

Edmonton is home to a thriving arts and culture scene. The city is home to numerous museums, art galleries, and performance venues. There are also many festivals and events held throughout the year, including the Edmonton Folk Music Festival and the Fringe Theatre Festival.

8. The people in Edmonton are friendly and welcoming. 

Most people who move to Edmonton are impressed by the friendliness of Edmontonians.

9.It’s easy to get around the city – there are lots of transportation options available.

There are plenty of ways to get around the city. You can take the bus, the train, or a taxi. Or, if you want to explore on your own, you can always rent a bicycle or walk. Whatever means of transportation you choose, you'll be able to get where you need to go easily.

10. Edmonton offers endless possibilities for outdoor recreation – from skiing or snowboarding in the winter months, to hiking or biking during the summertime!

From hiking and camping in the beautiful river valley, to cycling and picnicking in one of the many parks, there is something for everyone to enjoy. With numerous trails and recreational areas to explore, Edmonton is the perfect place to get outside and enjoy the fresh air!

If you’re on the fence about whether or not to move, we hope that this list has helped tip you in favor of Edmonton. With its affordable housing, great job market, and wonderful community spirit, there are plenty of reasons to call Edmonton home. Are you convinced? If so, get in touch with us – we can help make your move a smooth one.

The East Junction and the surrounding area is a great place to visit if you're looking for some local flavor. With restaurants, bars and shops galore the area has something that will appeal in tones of every age group! A diverse mix makes this vibrant area worth exploring - from old school bowling lanes popular with hipsters or relaxing local cafes with sustainable options. There's always something new around each corner here.

The History of Holyrood, Edmonton

History

Holyrood was originally called Mount Pleasant and East Edmonton Gardens in 1912. This area joined together with Strathcona County just one year after it happened during the 1912 amalgamation process where they became part of our city's newest district called 'Edmonton'.  After the amalgamation with Edmonton, this area became known as Balmoral due to its duplication with another subdivision name. In 1953 they were rebranded Holyrood after Edinburgh's famous abbey; likely named so because of how close it is located near many major landmarks like tourist attractions or government offices. At that time there were only about 1000 homes but by 1955 this number grew tremendously due to large numbers of people moving into new developments in the central region which made them famous for being highly energetic and a very young population.

 

The Two Mile Circle

The Housing Boom

Concerns won out and the majority of the redevelopment would officially be turfed at the time, with the exception of a 95 Unit Apartment building at 8543 95 Avenue. Between 1990s and 2020 nothing happened to this site and the townhouses that were to be demolished in the 1990s still stood when Regency Developments purchased the entire site in 2016 and set their own sites on redevelopment.  The first tower in development of the newly coined East Junction, will open in early 2023.

When selling your home, you want to make sure that it is appealing to potential buyers. This means taking some time to stage your home in a way that will make it look its best. Here are a few tips on how to stage your home for a quick sale:

1. declutter and depersonalize - Buyers want to be able to see themselves in your home, and that can be tough when your personal belongings are everywhere. So, take some time to declutter and depersonalize your space. This will make it much easier for buyers to imagine themselves living there.

2. neutralize - Another way to make your home more appealing to buyers is to neutralize the space. This means painting walls neutral colors and getting rid of any bold or bright décor. By keeping the space neutral, buyers will be able to visualize their own furniture and belongings in the home.

3. focus on curb appeal - First impressions matter, so you want to make sure that your home looks great from the street. This means mowing the lawn, trimming hedges, and maybe even planting some flowers. Anything you can do to make your home more inviting from the outside will help attract buyers.

By following these tips, you can stage your home in a way that will appeal to potential buyers and help you sell quickly.

Edmonton is becoming known for being a hub for many young professionals. With a massive migration of working youth packing their bags in Toronto or Vancouver and heading to good ol' Edmonton for the promise of high wages and a lower cost of living.

This younger generation of white-collar professionals often has specific housing needs that differ slightly from those on either side of their age range. For example, while younger students are often looking for cheaper first-time housing or rentals, most young professionals have already finished their educations. They are more likely to seek independent housing space to call their own.

On the flip side, young professionals are often not quite ready to settle down with a family like the older generation before them. In fact, this generation of millennials are settling down later than any before them; as such, locating their homes in areas with the top elementary schools may not be among their priorities.

Though every person’s needs are different; in general, the best places to live in Edmonton for young professionals have a few common factors:

Close to their workplace

Easy access to public transit

Proximity to grocery stores

Lively area with many night-life options

Fortunately, Edmonton has many incredible neighbourhoods to choose from that are perfect for today’s young professionals. Here are just some of the many great areas in Edmonton for young working professionals:

The Brewery District

The communitues of Oliver, Westmount and Queen Mart Park make up this ICONIC area known as the Brewery District. This is a top location for oung professionals as there is incredible shopping, restaurants, amenities and outdoor activities.  With a unique blend of services, shops, and restaurants, The Edmonton Brewery District is perfectly conducive to hassle-free urban living. 

Find Homes and Condos for Sale in the Brewery District Here

Find the Perfect Rental Option in the Brewery District Here

The Ice District

Edmonton's Ice District is an Iconic area in the heart of downtown Edmonton.  A public plaza, sports, entertainment, a chic hotel, 5 star dining options, epic nightlife and access to state of the art shopping.  "It’s much more than a state-of-the-art arena. It’s a place to gather. A place to celebrate. A place where you – and our city – are always at your best!"

Find Homes and Condos for Sale in the Ice District Here

Find the Perfect Rental Option in the Ice District Here

Old Strathcona Area

Anchored by the funky, bohemian spirit of Whyte Avenue, historic buildings blend with youthful exuberance to make Old Strathcona one of Edmonton’s trendiest neighbourhoods. The city`s celebrated arts and cultural community makes its home here, as does a plethora of unique local boutiques, one-of-a-kind art galleries and music shops, and trendy restaurants and cafés.

Find Homes and Condos for Sale in Old Strathcona Area Here

Find the Perfect Rental Option in Old Strathcona Area Here

If you’re a young professional looking for your perfect neighbourhood, we can help make your dreams a reality. With a team of Real Estate Professionals who know this city and the secret gems better than most, we are here to help.

Learn More About Edmonton Neighborhoods Here

Learn More About the Best Edmonton Here

Learn More About Moving to Edmonton Here

Contact us and let us tour you around this incredible city!