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2011 - Looks good from here.
3 `- u; d6 w2 J! M. ENext year looks to be the year when Edmonton's housing market really starts returning to balance.0 b. q: {3 r3 I9 h1 B% l
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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."5 s6 H, {2 w! i& C) ^
$ D8 B, N# p% K$ HIf 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.0 B& H( [5 S1 b3 n" H
; X# ?$ l/ J% }3 a& l# ^% `As 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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