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2011 - Looks good from here. ( |% L! A: D4 s6 I0 K
Next year looks to be the year when Edmonton's housing market really starts returning to balance.5 u1 q; k' J& P+ B& z j+ [- [) q% W
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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."& W/ Y, `) N- t5 G
6 v: M& M2 s- c4 rIf 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., L" u; o( }7 l" Y
& F3 o6 @" M7 Y: cAs 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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