Red Deer

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Real estate in Red Deer is nearly on pace with red hot Calgary and Edmonton. Prices for single family homes start at around $275,000, and that is for and older home in need of the dreaded ‘TLC’. More affordable homes can be found in areas like Deer Park, Morrisroe, Eastview and Westpark. Affluent areas of Red Deer include Anders Park, Pines, Inglewood, and Oriole Park. Homes in the higher end areas are generally newer with 3+ bathrooms, 3+ bedrooms, double garages, and priced above $500,000. Real Estate in Alberta has seen double digit percent increases in home prices in each of last couple of years, and the energy boom is still fuelling the rise in real estate prices.

Red Deer has a population of around 83,000 people. The city gets its name from the Red Deer river which flows through the centre on the city. Red Deer was incorporated as a city in1913 and today is a growing municipality located on Highway 2 between Edmonton and Calgary. Because of great location to farmers and oil patch workers the trade area for Red Deer is over 200,000 people. Today Red Deer business community thrives on the ‘No Business tax’ approach that the city applies to attract industry and commerce. The city also has some of the lowest tax and utility rates in the province. Red Deer is a major city in Alberta that could be compared to Kamloops, Kelowna and Prince George in British Columbia. Red Deer’s future rests with the energy boom and diversification of industry. Red Deer has a post secondary institution in Red Deer College and a WHL hockey team in the Red Deer Rebels.

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Statistics and information courtesy of StatsCan and Wikipedia.