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I am thinking of buying a condominium as an investment in Edmonton, but am concerned about overbuilding. What are your thoughts?

Q: I am thinking of buying a condominium as an investment in Edmonton, but am concerned about overbuilding. What are your thoughts?

A: At a recent conference, I called Edmonton “the best place to buy” a single-family home (average price stands at $367,000 versus Vancouver’s $1.1 million) and a fine opportunity for cash flow. Condos are still oversupplied, but prices (down about six per cent over last year) allow an investor a good return.

About Ozzie Jurock

OZZIE JUROCK (FRI) is the author of Forget About Location, Location, Location. Ozzie Jurock is also president of Jurock Publishing Ltd. Peter C. Newman in his book Titans called him a Real Estate Guru. Vancouver Magazine called him one of the 45 brightest people in Vancouver. Ozzie Jurock appears every 2nd Wednesday on Global TV News Hour. He also authored the book: Forget About Location, Location, Location and has written hundreds of published real estate articles in the Vancouver Sun, Business in Vancouver, the Globe and Mail, the Western Investor and dozens of magazines. (List of published articles.) Several thousand people have subscribed to his monthly and weekly newsletters Jurock Real Estate Insider and Jurock's Facts by Email.

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