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Edmonton Alberta Canada


In 1904, Edmonton was declared a city. The following year Edmonton was named the provincial capital of Alberta. Today, Edmonton is Canada's 6th largest city, offering all the amenities of a major urban center plus a family-friendly environment that is safe, stimulating, and rich with opportunity. Edmonton is one of Canada's most ethnically diverse cities with more than 60 ethnic and cultural groups. Well known for its vibrant cultural life, the diverse business community, and outstanding river valley park system, Edmonton is a great place to call home. People who live in Edmonton are called "Edmontonians"


Edmonton Geography


Edmonton is located near the geographical middle of the province at an elevation of 668 meters. The terrain in and around Edmonton is generally flat to gently rolling, with ravines and deep river valleys, such as the North Saskatchewan River valley. Despite the Canadian Rockies lying as close to Edmonton as roughly 220 kilometers to the southwest, the city is too distant for any of its peaks to be seen from even its tallest buildings. The North Saskatchewan River bisects the city and originates at the Columbia Ice field in Jasper National Park. It empties, via the Saskatchewan River, Lake Winnipeg, and the Nelson River, into Hudson Bay. It runs from the southwest to the northeast and is fed by numerous creeks throughout the city, such as Mill Creek and Whitemud Creek. This creates numerous ravines, many of which have been incorporated into the urban parkland. Edmonton is situated at the boundary between prairie to the south and boreal forest to the north, in a transitional area known as aspen parkland. However, the aspen parkland in and around Edmonton has long since been heavily altered by farming and other human activities, such as oil and natural gas exploration.


Edmonton Climate


Edmontonians have a famous saying here - "If you don't like the weather, wait five minutes" Edmonton has a northern continental climate with extreme seasonal temperatures. It has mild summers and chilly winters, with the average daily temperatures ranging from -11.7°C (10.9°F) in January to 17.5°C (63.5°F) in July. New Buyers to Edmonton sometimes ask "When does it snow in Edmonton." Truth be told - Edmonton has had snow in every month.


Edmonton History


Edmonton around 3,000 BC and perhaps as early as 10,000 BC, when an ice-free corridor opened up as the last ice age ended and timber, water, and wildlife became available in the region. In 1754, Anthony Henday, an explorer working for the Hudson's Bay Company, may have been the first European to enter the Edmonton area. His expeditions across the Canadian Prairies were mainly to seek contact with the aboriginal population for the purpose of establishing fur trade, as the competition was fierce between the Hudson's Bay Company and the North West Company. By 1795, Fort Edmonton was established as a major trading post for the Hudson's Bay Company. It was named after the English hometown, now a part of Greater London, of the HBC deputy governor Sir James Winter Lake. In the late nineteenth century, the highly fertile soils surrounding Edmonton helped attract settlers, further establishing Edmonton as a major regional commercial and agricultural building. Edmonton was also a stopping point for people hoping to cash in on the Klondike Gold Rush in 1897, although the majority of people doing so chose to take a steamship north to the Yukon from Vancouver. Incorporated as a city in 1904 with a population of 8,350, Edmonton became the capital of Alberta a year later on September 1, 1905.


The War Years


During the early 1910s, Edmonton grew very rapidly due to rising speculation in real estate prices. In 1912, Edmonton amalgamated with the city of Strathcona south of the North Saskatchewan River. As a result, the city extended south of the river. Just prior to World War I, the real estate boom ended suddenly, causing the city's population to decline sharply from over 72,500 in 1914 to under 54,000 only two years later. Recruitment to the Canadian military during the war also contributed to the drop in population. Afterward, the city was slow to recover in population and economy during the twenties and thirties, until World War II.


Oil Boom Years


The first major oil discovery in Alberta was made on February 13, 1947, near the town of Leduc to the south of Edmonton. As early as 1914, oil reserves were known to exist in the southern parts of Alberta but they produced very little oil compared to those around Edmonton. Additional oil reserves were discovered during the late forties and the fifties near the town of Redwater. Because most of Alberta's oil reserves were concentrated in central and northern Alberta, Edmonton became home to most of Alberta's oil industry.

The subsequent oil boom gave Edmonton new status as the Oil Capital of Canada. During the fifties, the city increased in population from 149,000 to 269,000. After a relatively calm but still prosperous period in the sixties, the city's growth took on renewed vigor with high world oil prices, triggered by the 1973 oil crisis and the 1979 Iranian Revolution. The oil boom of the seventies and eighties ended abruptly with the sharp decline in oil prices on the international market and the introduction of the National Energy Program in 1981. The population had reached 521,000 that same year. Although the National Energy Program was later scrapped by the federal government in the mid-eighties, the collapse of world oil prices in 1986 and massive government cutbacks kept the city from making a full economic recovery until the late nineties.


Edmonton Real Estate


Edmonton is currently one of the best places in Canada to invest in real estate. House prices in 2006 almost double during the last real estate boom prior to the crash of the oil boom. Today house prices in Edmonton are equivalent to the same prices are they were back in 2007.

Unlike other cities, Edmonton neighborhoods are in sparatic locations with high and low crime rates. For example, the Griesbach community has one of our city's highest income demographics and across the street in the Dickinsfield district has a high number of rental properties with a low-income demographic. If you are not familiar with Edmonton neighborhoods, ask your REMAX Realtor or contact our Edmonton relocation specialist.

Single-family detached houses are the best investments for resale value right now with a slow continuous increase in house prices. New builds, like the rest of Canada, have risen higher than the resale value due to the cost of lumber. Apartment condominiums are an awesome buy with a surplus of supply due to the overbuilding during our boom and now a high vacancy rate.

If you have questions about living in Edmonton, feel free to reach out to us anytime.