Edmonton real estate forecast 2016
Posted by MaxWell Realty Admin on
Edmonton resale home prices will soften and sales will slide further in 2016 — but not as much as other places in Alberta battered by a faltering economy, says a forecast by the Realtors Association of Edmonton.
“Edmonton and area has not felt the same effects of oil prices as the rest of Alberta has,” Steve Sedgwick, chair of the group, which represents 3,300 real estate agents in the Edmonton area, said Wednesday. “There’s a lot of exciting growth happening in Edmonton and we remain conservatively optimistic when it comes to our housing market.”
It’s an assessment backed by prominent economists, who say that Edmonton’s economy will slow in 2016, but not as much as other Alberta municipalities.
“While you’re going to continue to see some…
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