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2011 - Looks good from here.
8 p; @/ Y4 n2 j! |" C2 CNext year looks to be the year when Edmonton's housing market really starts returning to balance.3 y- f8 Q3 ?% W
4 q" O# O! Q6 p+ w9 A"Modest," "moderate," "stable" were all words used to describe the Edmonton housing market in 2011 at a Canada Mortgage and Housing Corp. conference Tuesday."$ ]6 g0 Y7 @0 o1 s+ V& P
3 L$ a5 h7 i% `+ |8 G" z* MIf 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.
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( w- C, {; E- s* Y1 ?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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