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2011 - Looks good from here.
4 j8 C, @* }2 cNext year looks to be the year when Edmonton's housing market really starts returning to balance.$ I! _$ S1 h m) N2 b
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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."2 {( E1 Q* C, S
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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.% N0 P" A% o1 j) Q' J1 D4 k
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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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