Lethbridge - a stable Alberta option
Less reliance on the oil industry is one of the reasons Lethbridge has remained a more reliant real estate option than Calgary or Edmonton.
Recent news around Alberta's real estate market has focused on the overdevelopment, higher vacancy rates, rising unemployment, and just overall lesser performance compared to the rest of the country.
But despite sharing those same borders, Alberta's fourth-largest city of Lethbridge presents a much different investment picture.
For one, it's less reliant on oil. "We have a very diverse economy, so there are a number of industries doing well," says Stan Mills, a real estate broker and president of the Lethbridge Real Estate Board. "Any time there might be trouble in one industry, there's so many other industries that help drive the force ahead. We don't get caught up in a recessionary situation too much."
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