Predictions For The Edmonton Housing Market

By November 27, 2015Uncategorized

The effects of low oil prices continue to trickle to Edmonton’s housing market and that could be a good or a bad thing, depending on how you look at it.

“Right now if you’re, for instance, a home-owner and you’re looking to sell your home, you are looking at longer selling times because there is a larger selection in the marketplace,” says Christina Butchart, principal for market analysis in Edmonton for the Canadian Mortgage and Housing Corporation (CMHC).

Butchart was one of a handful of presenters at the CMHC’s housing outlook conference at the Northlands Expo Centre Thursday, an event held to give a glimpse into what real estate markets may look like in the months and years to come.

Though the slumping economy in Alberta has slowed trends like multi-family housing starts and reduced house prices, Burchart says it’s not all doom and gloom in the provincial capital.

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