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2011 - Looks good from here. ; E g% N0 B8 m3 p, K% e( h0 E
Next year looks to be the year when Edmonton's housing market really starts returning to balance.! `; D0 \+ i, o5 q) m) ?# F
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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."
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" v& _8 t# F1 p# KIf 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.( g% H q' g9 W8 y j
3 a3 t& N1 j7 f; w# lAs 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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