3 Neighbourhoods You Should Be Investing In – Red Deer, Alberta
- Wayne Hillier
- Jul 8, 2025
- 2 min read
Updated: Jul 9, 2025
By Wayne Hillier, Real Estate Investing Masters
July 8, 2025 | Edmonton, AB
Red Deer’s real estate market is heating up, and today’s podcast highlighted three goldmine neighbourhoods that are delivering steady cash flow and long-term appreciation. Whether you’re a seasoned investor or just starting, here's why you should consider Clearview Ridge, Lancaster Green, and Anders South (Anders Park) for your next investment.
Clearview Ridge
Why it stands out:
A family-focused neighbourhood, offering a mix of affordable, well-built homes and proximity to schools and parks, a top pick for REI investors. These are always in demand.
On Reddit, users describe it as “very family oriented… lots of walking trails and parks,” though note occasional cell service issues.
Investor Advantage:
Strong rental appeal to families looking for space and safety.
Lower crime rates than city average, making tenant turnover minimal.
Lancaster Green
Why it stands out:
A vibrant, mid-to-upper-range neighbourhood near Westerner Park, cinemas, restaurants, ideal for renters who want convenience and community.
Statistically safe with crime rates 38% below city average.
Investor Advantage:
Higher-end tenants willing to pay premium rent for amenities and quality of life.
Established demand from professionals and growing families due to its central location.
Anders South (Anders Park)
Why it stands out:
One of the most upscale areas in Red Deer: homes tend to be newer and more spacious; crime rates are impressively low, around 60% less than city average.
Catchphrase-worthy: “Luxury property meets demand.” Modern investors appreciate quiet streets and plush homes built for quality.
Investor Advantage:
Higher price tags but also stronger appreciation and stable, long-term tenants.
Ideal for portfolio diversification into high-end rental properties.
What the Data Shows
Red Deer’s population grew approximately 10% over the past decade, pushing rental vacancy to just 0.9% in 2023 and a reported next to 0% currently.
With strong average incomes (around $104,000) and a robust local economy, demand for quality rental homes remains solid.
Investor Tips
Know your goal: Families = focus on Clearview; convenience seekers = Lancaster; luxury market = Anders South.
Watch new builds in Timberlands and Clearview Ridge—great for cash flow, but older neighbourhoods offer stronger long-term returns.
Use local intel: Connect with other real estate investors and investor-focused professionals
Summary
Clearview Ridge = stable, family-friendly rental demand.
Lancaster Green = convenience-plus vibes attract quality tenants.
Anders South = luxury housing with strong appreciation potential.
All three offer great investment arcs in Red Deer’s current market. Decide whether you prioritize cash flow today or long-term equity growth, and choose your target neighbourhood accordingly.
Listen to Today’s Episode:
Real Estate Investing Morning Show – Hosted by Wayne & Gabby Hillier
About the Author
Wayne Hillier is one of Canada’s trusted experts in real estate investing education, specializing in Alberta’s thriving markets. Based in Edmonton, Wayne has over a decade of experience building a high-performing rental portfolio and coaching investors to achieve strong cash flow, sustainable wealth, and creative financing success. As co-founder of Real Estate Investing Masters, Wayne is a respected real estate investing coach and mentor, dedicated to helping Canadian investors confidently scale their portfolios. He is also the host of The Real Estate Investing Morning Show, Canada’s #1 daily podcast for real estate investing education.
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