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2011 - Looks good from here.
7 }, e/ Q% q4 j. u y5 fNext year looks to be the year when Edmonton's housing market really starts returning to balance.5 B% `! W, I3 K6 ^4 o1 r! 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."( k, h% q3 `1 \3 v3 z2 o! O( y
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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.
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3 W( r& D' {) T) e6 _2 qAs 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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