Will your Edmonton industrial property weather the economic storm?

 … it’s vital to remember that property markets are not national; they are regional and local, and even vary widely from neighbourhood to neighbourhood in the same city. Looking at national numbers and coming up with an average is like putting your head in an oven and your feet in a freezer, and saying on average that the temperature is fine. There will always be some hot real estate markets and others that will be cold, but national and provincial figures are much too generalized to be used . . .

I would like to point you towards a must-read article by Don R. Campbell, the best-selling author of Real Estate Investing in Canada and President of Canada’s Real Estate Investment Network™.  In the article you will find twelve questions to peer into the future of your property’s value, such as #3:

• Is the area creating jobs faster than the provincial average?

Or #10:

• Is there a major transportation improvement occurring nearby?

Answer the questions honestly with relevant data, and if you don’t know the answer, do the research until you do.  Perhaps you know a realtor who can help you gather the data?

For further insight into the future of Edmonton’s industrial property values, see my previous posts on Edmonton industrial vacancy rates by area, and the 2009 real estate forecast.