Edmonton's property values are increasing due to high housing demand from interprovincial immigration. Rental rates have risen, making it harder to find suitable rental properties. Buyers are choosing condos and newer homes for affordability. Apartment condos are relatively affordable, while townhome condos and rowhomes are popular for their space and affordability. Demand is shifting from city core to suburbs, influenced by factors like the completion of the Anthony Henday ring road. Newer suburban homes offer energy efficiency and low maintenance. Secondary suites for income and multi-generational living are also in demand.
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