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2011 - Looks good from here.
3 E9 D- M# ?$ Z2 hNext year looks to be the year when Edmonton's housing market really starts returning to balance.# H$ F% e8 ?# x' k+ {
, m3 [, z5 l+ Y2 K3 ~1 l) h"Modest," "moderate," "stable" were all words used to describe the Edmonton housing market in 2011 at a Canada Mortgage and Housing Corp. conference Tuesday."$ Y& G+ E5 _+ W2 N6 M' _' X" ^
5 w4 u& t+ Y: F" g* EIf 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.0 B* S& O* s0 u5 k; N6 H& }
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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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