There's some good news for the Fort Saskatchewan housing market.
According to the Real Estate Investment Network’s (REIN) latest report, Fort Sask is ranked number four out of 22 Albertan markets.
“(The list) is designed to help homeowners and investors to decided how the market is going to perform over the next five years, not next Thursday,” said Don Campbell, REIN's senior analyst.
The report is based off economics, demographics, job growth, population and current market prices.
“Fort Saskatchewan will outperform the majority of the cities and towns in Alberta over the next five years for both rental demand and housing demand,” added Campbell.
The Fort is expected to grow based on the employment opportunity, a smaller city feel and the millennial family market having cheaper options than big cities.
In the rankings, Fort Saskatchewan only trails Edmonton, Calgary and Leduc in the list. Others rounding out the top ten are Lethbridge, Okotoks, Red Deer, Medicine Hat, Airdrie and Lacombe.