Posts Tagged ‘Downtown Edmonton’

How Much Can $1 Million Get You In Canadian The Luxury Condo Market?

Tuesday, May 27th, 2014

Edmonton Luxury Condos: Get More For Less!

canada-condo-market-infographic

Courtesy of: Buzz Buzz Home

Edmonton’s weather isn’t the only thing heating up! The Luxury real estate market has been on an upward trend since the better half of last year. Whether its large estate homes, or exclusive luxury condos in Downtown Edmonton, the demand is there and our market is responding to it. But not everyone who can buy a million dollar property, has taken the step towards luxury homeownership— especially when it comes to Edmonton’s luxury condos. If you’re still on the fence about entering the luxury real estate market, you will be happy to know you can get a lot for a cool 1 million. In fact you can get more in Edmonton than you would in almost any other major Canadian city!

BuzzBuzz Home compared 14 different cities across the country to see how much a $1 million new condo budget could get a buyer. The results are astonishing and let me tell you folks, the numbers don’t lie. Edmonton came in second to Quebec City at a 3773 square foot condo for $1 million. That works out to about $318.74 per square foot! It’s certainly a lot more than you’ll get in Vancouver— where a million dollars gets you a 1539 square foot condo.

For example: this 2 storey high rise Downtown Edmonton luxury condo overlooks the North Saskatchewan River and Victoria Park Golf Course. At over 2,200 square feet, its asking price is $989,000. A million dollars may not get you much in other places, but in Edmonton’s luxury real estate market it can get you the perfect pace to call home.

Are you looking to buy or sell luxury real estate in the Capital City? Look no further than Paranych Luxury! Rob Halabi.

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Terry Paranych & Rob Halabi RE/MAX Elite
7815 101 Ave, Edmonton, Alberta, T6A 0K1 | Tel: (780) 919-8180 | Email: Click Here
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