Great News for Real Estate and Economy in Edmonton and Area!!

After much speculation it seems North East Edmonton's Industrial Heartland is on the cusp of heating up again with the commencement of North West's Upgrader Mega Project. Each phase of the planned three-phase project is estimated to cost about $5 billion and create up to 8,000 jobs in construction, equipment supply and manufacturing.


From a real estate investment prospective, the following comment bodes well for North Edmonton vacancy rates to tighten considerably:

"...there will be no camps; workers will be moved in buses much as Shell did for its workers at the nearly completed Scotford Upgrader expansion project"


Another tidbit is that BP Plc and Husky Energy Inc. agreed to start work building the first phase of the Sunrise Energy Project in northern Alberta. Slated to start in 2014, this will have many economic spinnoffs!!




For those of you looking to capitalize on Edmonton's Winter buying season I would be glad to assist. Minus temperatures, combined with the current inventory glut have allowed me to negotiate thousands of List Price for client's of late.

http://www.edmontonjournal.com/mobile/iphone/story.html?id=3892380&cid=megadrop_story


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