Living in Edmonton Alberta
Edmonton is the capital city in the province of Alberta. The city had a population of 932,546 in 2016, making it Alberta's second-largest city and Canada's fifth-largest municipality. In 2019 municipal census subsequently recorded a population of 972,223. A resident of Edmonton is known as an Edmontonian.
In 1754, Anthony Henday (named for our round road), an explorer for the Hudson's Bay Company, may have been the first European to enter the Edmonton area. His expeditions across the Canadian Prairies were mainly to seek contact with the Indigenous population for establishing the fur trade.
By 1795, Fort Edmonton was established on the river's north bank as a major trading post for the Hudson's Bay Company, near the mouth of the Sturgeon River close to present-day Fort Saskatchewan. By 1813, after some changes in location, Fort Edmonton was established in the area of what is now Rossdale which is located in our north-central district. The coming of the Canadian Pacific Railway to southern Alberta in 1885 helped the Edmonton economy and the 1891 building of the Calgary and Edmonton. The arrival of the CPR and the C&E Railway helped bring settlers and entrepreneurs from eastern Canada to the west.
During the early 1900s, Edmonton's rapid growth led to speculation in real estate. In 1912, we amalgamated with the City of Strathcona and just before World War I, the boom ended, and the city's population declined from more than 72,000 in 1914 to less than 54,000 only two years later. After a slow recovery in population and economy during the 1920s and 1930s, Edmonton real estate took off again, the municipal airport opened in 1929.
In 1947 a large amount of oil was discovered near Edmonton. As a result, the city boomed. In the late 20th century Edmonton continued to grow at a phenomenal rate. By 1970 its population had reached almost 430,000 and it continued to grow rapidly. Most of the houses for sale in Edmonton during this construction era were bungalow-style houses and were less than $40,000. During our last real estate boom which started in 2006, the average Edmonton house prices were less than $300,000 and by the end of the boom, they climbed to the mid $400,000 in less than two years. Today Edmonton house prices have remained the same.
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