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2011 - Looks good from here. 3 F1 r B# T- N0 B& \
Next year looks to be the year when Edmonton's housing market really starts returning to balance.% F1 \) u7 m) `: S) F+ Z
6 d7 q, M( h* B- c) d"Modest," "moderate," "stable" were all words used to describe the Edmonton housing market in 2011 at a Canada Mortgage and Housing Corp. conference Tuesday."& X; k' T/ I. t1 M, B; U# c1 y
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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.) D4 [! [/ w( K1 j- I8 b8 V) u9 M
0 k% o @' f; _/ t! E" vAs 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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