The Edmonton housing market saw an increase in sales but fewer listings at the beginning of 2020, with a healthy spring market initially anticipated.
Consumer confidence is the most prevalent concern for buyers in this region, specifically regarding job security and the economy, which has since been exacerbated by the COVID-19 pandemic. Homebuyers in the Edmonton region are typically city lovers without kids, suburban families and luxury seekers.
So, what are the best neighbourhoods in Edmonton to buy a house? RE/MAX explores more than 300 of Canada’s most liveable hot spots in the new 2020 Liveability Report. Here are our top picks in Edmonton.
10 Most Liveable Neighbourhoods in Edmonton
- Prince Rupert
- Boyle Street
- Spruce Avenue
Most Liveable Neighbourhoods in Edmonton
The most liveable neighbourhoods in Edmonton boast great access to green space and dog parks, close proximity to bike lanes and walking paths and are close to big box stores and chains. These neighbourhoods are also close to public transit and are in close proximity to work.
Edmonton Liveability Trends
Liveability in Edmonton is expected to continue to improve over the next few years. “With a growing tech sector, cannabis industry, and restaurant and food scene, Edmonton is poised for an improved and growing economy. The oil and gas industry will continue to be a notable portion of our economy, but these other sectors are creating new jobs that are funding home ownership. With our ideal balance of liveability and affordability, Edmonton is one of the most affordable major cities in Canada with a fantastic overall lifestyle”.
Edmonton at a Glance
Edmonton is Alberta’s capital and is North America’s northernmost metropolitan area. With a population of over one million, it is home to one of the largest malls in North America – West Edmonton Mall. Edmonton is also a well-known festival city, hosting several festivals every year.
Canada’s Most Liveable Neighbourhoods
Liveability is about quality of life at a local level. A neighbourhood’s dynamism, or lack thereof, involves a delicate convergence between independent small businesses, public institutions, arts and culture, green spaces and housing, to name a few. The COVID-19 tragedy will impact neighbourhood ecosystems differently across the country, just as the virus itself has. Yet, civic/local pride has been proliferating throughout this crisis in inspiring ways, giving Canadians hope that micro-economies, including real estate, have the resilience to be restored in the near and mid-term.
To learn more about liveability in Canada’s biggest housing markets, read the RE/MAX 2020 Liveability Report.
Edmonton, Alberta’s capital, is North America’s northernmost metropolitan area with a population of over one million. It is home to one of the largest malls in North America—West Edmonton Mall—and is a well-known festival city, hosting several festivals year-round.
We know that Canadian’s truly celebrate the liveabililty factors of their neighbourhood – the qualities that give homeowners the true satisfaction of their home within the context of a neighbourhood. In fact a Leger survey conducted by RE/MAX revealed that 89% of Canadians recommend their neighbourhoods to others. Unlike your home, neighbourhoods cannot be changed, so it is important to assess what qualities are important to you before you purchase. Luckily, when it comes to Edmonton, there is a lot of celebrate in terms of liveability.
A survey of RE/MAX Brokers revealed that the best places to live in Edmonton are Old Strathcona, Oliver and Westmount rank as the top three neighbourhoods in Edmonton for access to green spaces and parks, walkability, retail and restaurants and the ease of getting around/public transit.
In the same Leger survey, six-in-10 Canadians put easy access to shopping, dining and green spaces at the top of their liveability criteria. Proximity to public transit (36 per cent), work (30 per cent) and to preferred schools (18 per cent), as well as cultural and community centres (18 per cent) fall out of the top five neighbourhood wants and expectations. So how does Edmonton stack up?
If you are searching for the best place to live in Edmonton, Summerside ranks as the top hidden gem neighbourhood, while Oliver, Clareview and Hudson rank as the top three neighbourhoods for affordability and good supply of housing inventory.