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2011 - Looks good from here. % F. Z4 n5 I. M8 D; h2 H
Next year looks to be the year when Edmonton's housing market really starts returning to balance.- j1 R" Z: ~8 R$ o& F; B0 c V
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"Modest," "moderate," "stable" were all words used to describe the Edmonton housing market in 2011 at a Canada Mortgage and Housing Corp. conference Tuesday."- Y1 T/ [, O% L2 W
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If you been driving on a road full of 6-foot potholes then a road with small ones seems like a smooth ride. Even though the real estate market may be better than the last few years there are still some bumps ahead. Some bumps are bigger than others - like if the US economy doesn't kick into gear. It will drag many sectors in Canada down including employment, energy and retail.; O/ U8 I7 D' e+ O" {5 @
( w2 z9 D- b2 K8 W; GAs a buyer it's a good chance to pick up properties as prices aren't set to increase until 2012. However, if your selling, that is one bump that will rock you if you need a certain price because it's a buyer's market and looks to be one until late 2011. |
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