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2011 - Looks good from here. x/ v a, V% c+ D
Next year looks to be the year when Edmonton's housing market really starts returning to balance.
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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."3 F* Z- O% W8 r; S% H) w
6 X( m/ r% Q( r% |, V* X5 d8 vIf 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: l) f. x5 S* d- `, _$ Z8 x
" g6 R1 J, Q' S( @+ ~/ E$ _* pAs 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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