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2011 - Looks good from here. 9 E& Z3 ?1 F' U8 k" Y! X. H+ f
Next year looks to be the year when Edmonton's housing market really starts returning to balance.
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) ~' g! C6 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."7 t' j% T" H- b; X
6 A+ U! v6 T0 ~4 Q8 u' ]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.) ?, W! M D8 ]8 w6 i5 v9 m
7 _; o# g' P: n6 z% h: V2 MAs 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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