DEVELOPMENT LAND IN SOUTHWEST EDMONTON (2024)

FAQs

What type of land is Edmonton? ›

Edmonton is situated on a relatively flat prairie landscape distinguished by the meandering North Saskatchewan River. The river and its tributaries that flow into the city dissect the urban landscape with steep ravines.

Vacant lots in the central core vary in size from 42 m2 to 25,531m2, with a median size of 374.4 m2. This is approximately the size of an average single-detached lot.

Across southwestern Ontario's 11 counties, the median cost of an acre of land rose from approximately $15,000 per acre in 2020 to over $25,000 in 2023, with the most significant increase between 2021 and 2022, according to the report.

Edmonton Demographics

White: 64.7% South Asian: 7.2% Chinese: 6.2%

Edmonton also attracts new residents every year because of its fantastic employment opportunities, diverse entertainment scene, quality education, and low cost of living.

When comparing Edmonton to other major Canadian cities, it's evident that Edmonton's housing prices are more affordable. This affordability is attributed to the availability of cheap land on the peripheries of the city, which helps keep even the inner-city property values more reasonable [3].

The average sale price in the Edmonton housing market decreased by 4.3 per cent between 2022 and 2023 (from $418,713 in 2022 to $400,827 in 2023), while the number of sales decreased by 11.4 per cent (from 22,388 in 2022 19,825 in 2023).

Overall, Calgary is slightly more expensive than Edmonton. However, there's not a major difference in cost for those considering these two most prominent cities in Alberta as their new homes.

Central Alberta farmland increased 11.5% with prices ranging from $2400 to $10,900 for an average price of $5500 per acre. Southern Alberta saw a 4.4 per cent increase in farmland values ranging from $2200 to $9000 per acre for an average of $4600. Pastureland values in Alberta increased by 5.5 per cent in 2022.

Saskatchewan. Farmland in Saskatchewan is still highly sought after because there is plenty of it available and it remains fairly affordable when compared to land in neighbouring provinces and globally.

Where is 1 acre of land the cheapest? ›

Arizona is the cheapest state to buy land with a median price of $4,164 per acre. New Mexico is the second cheapest state to buy land with a median price of $6,000 per acre.

Edmonton lies in Alberta's Parkland Natural Region, an area characterized by forested river valley and ravine slopes, deciduous woodlands, small lakes and wetlands, and remnant grassland, sand dune, and peatland habitats.

The town forms part of the ceremonial county of Greater London and until 1965 was in the ancient county of Middlesex. Historically a parish in the Edmonton Hundred of Middlesex, Edmonton became an urban district in 1894, and a municipal borough in 1937.

Edmonton is within the Canadian Prairies Ecozone. Aspen parkland surrounds the city and is a transitional area from the prairies to the south and boreal forest in the north.

The Calgary–Edmonton Corridor is the most urbanized area in Alberta and is one of Canada's four most urban regions.