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2011 - Looks good from here. # N8 N' b8 T+ {# ^1 I j4 X
Next year looks to be the year when Edmonton's housing market really starts returning to balance.6 | p, L( x1 @, Q3 K9 H
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"Modest," "moderate," "stable" were all words used to describe the Edmonton housing market in 2011 at a Canada Mortgage and Housing Corp. conference Tuesday."$ K7 c6 h/ E8 q/ a: m7 t
0 b) c' G4 c- D* u, Z) s( }0 eIf 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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