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2011 - Looks good from here.
8 o) ?0 s+ e( X! C" [8 z# k0 B- j0 @Next year looks to be the year when Edmonton's housing market really starts returning to balance.4 P* H; t4 R9 S+ @* d9 Q) ^
1 B, W3 `6 r; ?9 [7 o"Modest," "moderate," "stable" were all words used to describe the Edmonton housing market in 2011 at a Canada Mortgage and Housing Corp. conference Tuesday."1 S2 N% h% U: q) P7 X7 p
7 R% g! X7 k- l2 nIf 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.' ~6 P3 g# i4 b
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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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