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2011 - Looks good from here. : Y* u: v$ L* i9 H A$ g$ P/ g& u
Next year looks to be the year when Edmonton's housing market really starts returning to balance.7 _5 W% N; a V
' @- k3 w) \/ [$ b"Modest," "moderate," "stable" were all words used to describe the Edmonton housing market in 2011 at a Canada Mortgage and Housing Corp. conference Tuesday."2 F# K: G) ?! ^& e# g9 a/ X$ U
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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.' }1 z* M" ^& a y' M, W* w
" p' E& S0 X$ p3 S. G" f' f; WAs 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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