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2011 - Looks good from here. " v/ `; g! _0 v# ]9 f: p1 A
Next year looks to be the year when Edmonton's housing market really starts returning to balance.
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; w# d% q% \7 X"Modest," "moderate," "stable" were all words used to describe the Edmonton housing market in 2011 at a Canada Mortgage and Housing Corp. conference Tuesday." E a9 d7 _3 o( ^
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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.( o) O& P; k3 A0 W# L7 u
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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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