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2011 - Looks good from here. 1 _6 T" X& ^& z5 @/ l- i
Next year looks to be the year when Edmonton's housing market really starts returning to balance.( {- q; F* y2 Q% ^4 B
4 N- m* }* J F2 l1 f1 n"Modest," "moderate," "stable" were all words used to describe the Edmonton housing market in 2011 at a Canada Mortgage and Housing Corp. conference Tuesday."; W& Y) C! q0 P N, P- O6 h- H
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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.% E P4 ^4 C. S4 g
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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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