Competitive Real Estate Market

The Region’s growing population translates into a buoyant real estate market.

• The Red Deer Region offers a full mix of industrial, commercial, residential and farm property for resale or development with varying levels of municipal or rural services.
• Although real estate values have been rising as a result of strong economic growth in the region, values and lease rates remain competitive with other major Alberta cities.

Record Real Estate Sales

• Investment in real estate development, as measured by building permit values, has sustained record levels of growth since 2000.
• Combined urban and rural permit values range from $250 to 300 million (Cdn$) for six consecutive years. Similar paced development is expected in 2006 and 2007.
• MLS residential sales show that demand is increasing at a greater rate than supply.
• New housing starts are predicted to remain in the 700 to 900 unit range, well above the 10-year average.