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2011 - Looks good from here. - `+ c2 w5 h8 F/ V
Next year looks to be the year when Edmonton's housing market really starts returning to balance.
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3 R9 t0 Y& C! S9 j3 l1 _* C"Modest," "moderate," "stable" were all words used to describe the Edmonton housing market in 2011 at a Canada Mortgage and Housing Corp. conference Tuesday."9 {9 Z3 K7 g$ `( Q" m6 I
& N! Z- U; `# X. g4 e8 `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.
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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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