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About Edmonton Region, AB

Quick Facts About Edmonton Alberta Canada

Todd & Danielle  Millar: Real Estate - Other in Edmonton, AB

Some things you probably never knew about Edmonton, Alberta:

  • The name "Edmonton" is a Latinized version of a Saxon word meaning "Happy Hamlet,” and was used to honour the home of HBC governor James Winter Lake who was from Edmonton, England.

  • The city's population stands at 782,439 people as of April 2009; while Edmonton’s metropolitan population is more than a million people.

  • Edmonton is the gateway to a land of majestic mountains, pristine lakes, historic rivers and northern adventures and northern industries of oil, gas, lumber and mining. Edmonton is located on the TransCanada Yellowhead Highway, a route that offers the easiest and most scenic drive across western Canada.

  • The city of Edmonton began as a North West Company fur trading post in 1795.

  • During the Klondike Gold Rush of 1897 prospectors and adventures travelled by rail to Edmonton and then began the long overland journey to the Yukon. Edmonton became the last supply centre on route.

  • Edmonton is Alberta’s capital city. The Legislature is an iconic building of grand architecture where people flock to wade in or skate on the outdoor ponds.

  • Edmonton’s Waste Management Centre of Excellence has one of the world’s highest standards in recycling, composting and minimizing landfill. The Clover Bar facility diverts 60per cent of its solid waste, the highest diversion rate across Canada.

  • Edmonton won the 2009 Corporate Knights Sustainable Cities Ranking for the large city category.

    There's more at the EEDC

Now is the season to be charitable.

Todd & Danielle  Millar: Real Estate - Other in Edmonton, AB


With the holidays around the corner ( I know I am pushing it!) there is never a better time to give back. Coming out of an recession is hard on everyone's pocket books and sometimes it is most obvious during the holidays.

There are so many great charities to take part in. I have been invited via Facebook to Wrap Harder which sounds like a lot of fun.

Another one via the news Stuff a bus - the Edmonton Food Bank hopes to raise 240,000 kg of food. That's right about $90,000 or a bus full of food!

A great idea. I hope to do all I can here. Canadian Feed The Children Best Gift Ever is a great program where you can donate in someones name.

The gifts range from about $15 dental care for a child in a developing country to a $2000 new school. There are all price ranges in between. My husband and I are doing this for each other.

Look out technophobes! Changes in real estate.

Todd & Danielle  Millar: Real Estate - Other in Edmonton, AB


Some of you know that I 've lived in Japan for about a decade now. The one thing that is constant here is change. Sometimes if I don't go downtown for a month buildings have changed.

Japan leads in new technology. The coolest thing is a square called a QR code that can go anywhere (clothing tags, drink cans, business cards) it acts like a bar code when scanned with a cell phone. The cell phone owner may be led to a website or can pay for the product using the code.

That technology reminds me of this:

"The listing-sheet box may be going the way of the $150,000 house. You know the box. It's affixed in front of homes for sale and holds brochures or sheets of paper with the property's asking price, listing details and the realtor's business card. It's being replaced, or superseded in importance, by a 21st-century- technology version that takes advantage of younger homebuyers' love of text messaging. Vancouver-based RealtyText is the latest text-messaging service to move into Edmonton. The company plans to move into Calgary as well. After launching in Edmonton two weeks ago, it now has more than 20 realtors subscribing to the service allowing them to upload their listings to the system and add a special code to their for-sale signs, says president George Haddad. Customers who see a home can punch the number on the sign into their phone. "All the information about the property comes up within seconds on their phone, including photos," Haddad says."

Read the full article here.

In-migration to Alberta to continue.

Todd & Danielle  Millar: Real Estate - Other in Edmonton, AB

"Meanwhile, according to ATB Financial economist Dan Sumner, the average Albertan spent more per capita on retail items since 2004 than people from any other province, yet in 2008 the average Albertan saved 13.7 per cent of disposable income, compared to a national average of 3.8 per cent. The reason for this discrepancy is that Albertans have had greater disposable income than people in other provinces, with high incomes and lower taxes. That will attract young people from Central Canada."

You can expect population growth in Alberta to continue at a steady pace. The article goes on to state that real estate is not where people will be investing in the futue.

I know that with a statement like the one above and all people generally needing a place to live - real estate will be the way to go for me. I invest in other things sure but as far as being able to control my own investments I want tangible real estate.

Alberta's Oilsands- the future of oil production

Todd & Danielle  Millar: Real Estate - Other in Edmonton, AB



The days of oil rigs pumping furiously are coming to an end. Unconventional sources of oil require more manpower to get the oil out of the ground.

What does oil have to do with real estate?

Imagine if your investment property was near the next big oil reserve, workers from around the world were going there to live and work for the next few decades. Tenants were willing to pay top rents because the economy was booming and they were making oil dollars.

Alberta is that place, with vast oil sands that hold a proven 175 billion barrels of recoverable oil, second only to Saudi Arabia. The most impressive part is that Alberta has only just begun; experts say oil sands production can be sustained for at least 400 years.

"These are ambitious projects, very big projects, and thus very expensive," he said in a telephone interview from Calgary, Alberta -- Canada's oil capital.

"It's clear that cost is a problem," he conceded. "But it's also an important deposit -- several billion barrels of oil in the ground -- while more conventional sources of oil that would be relatively easier to extract are either drying up or are inaccessible to international firms such as Total."

"The price of energy is not going to collapse," despite downward pressure from a spiralling global economy, Gires predicts.

"To justify our massive investments in the oil sands, we're looking at what the world will look like in 2020, 2025 or 2030," he said.

"In the long run, despite all of the efforts to boost energy efficiency and develop alternative energy sources, the planet's appetite for energy ... will mean additional oil production will be welcomed and we'll find buyers for our output."

Think of the long-term, not an economy that in coming out of a recession but as the world starts to recover and the demand for oil increases - rents, property values will again increase. Maybe not like 2007 in Alberta but steady consistent growth that makes investors happy.