Buying your own home can be one of the biggest investments you make in your life. Buying a home in Edmonton has numerous advantages like you get the ownership of a new house and the freedom to make necessary customizations in an internationally acclaimed city. An affordable housing is an important part of making the city livable for everyone. Here are some benefits that explain why you should buy a home in Edmonton.
Cost of Living
Edmonton enjoys the highest average household income in Canada with an affordable cost of living. This is because Edmonton doesn’t collect provincial, sales, and capital taxes and other taxes are also low. Buying vehicles, especially cars are easier in this city as the gasoline and diesel prices are minimal and affordable as compared to the places in the country. Apart from that the housing price and property tax is also low in Edmonton.
Variety of Neighborhood
A variety of neighborhood options are available in the city of Edmonton. Right from a serene countryside setting to the most flourished urban neighborhoods, Edmonton offers homes in several surroundings. If you wish to live in the vicinity of a river valley setting, you can select from Grandview Heights, Parkview, Windsor Park, Riverdale, Quarry Ridge, Oleskiw, Rio Terrace, Cameron Heights, and many other areas. You can also select homes with enough green space around the house where you can carry out landscaping and make your property more environment-friendly and beautiful. From secluded houses to the ones in the mature neighborhood, surrounded by other homes, Edmonton has it all.
Variety of Living Options
Edmonton real estate offers a variety of housing options in the city that you can choose from. Depending on your requirements, needs, lifestyle, and family size, you can select the best type of home. Edmonton’s neighborhoods offer condominium, apartment homes, detached and semi-detached houses, bungalows, duplexes, etc. with 1-5 bedrooms and baths.
Along with these features, there are various other reasons why you must buy a home in Edmonton. Let’s take a look.
The Home Buyers' Plan allows eligible individuals to make tax-free withdrawals from their registered retirement savings plan to purchase or build a new home.
If you purchase an energy-efficient home, Canada Mortgage and Housing Corporation offers a 10% mortgage loan insurance premium refund.
Edmonton is known as Canada’s Festival City as several events and festival celebrations take place here regularly.
Edmonton experiences a varied weather and climatic conditions.
Edmonton is a diverse city as it attracts migrants from all over to work in the oil and gas and other small industries.
The city has many schools, parks, tourist attractions, nightlife attractions, restaurants, and other public interest options.
Edmonton is well connected to Metro lines and can be easily accessed with the help of buses, taxis, and private vehicles.
Seeking new homes in Edmonton? Contact our real estate agents. We specialize in helping home buyers find homes in and around Edmonton, in the neighborhood of their choice.