“We’re a resilient lot and we’ve been through tough times before.”
Builders have confidence in Edmonton’s housing market
They had a challenging year in 2019 due to the low price of oil and economic turmoil in Alberta. But they’re taking the perspective that the glass is half full after a surprisingly good beginning to 2020.
Calgary’s real GDP will likely shrink by 5.5%, while Edmonton will likely see a 5.6% decline, CTV News reported.
Alberta housing markets may surprise investors post-recovery – report
Should COVID-19’s impact be moderated and the Albertan economy restarts in the next few quarters, the Calgary and Edmonton housing markets might see recovery sooner than expected.
The average residential price was $343,951, down 3.78 per cent year-over-year and 1.97 per cent from the previous month.
February 2020 data shows buyers and sellers have regained confidence in the market and are back to business.
Canadian Housing Sees Strong Rebound From Last February’s Low: CREA
The Alberta Real Estate Association warned that the figure needs to be “put in perspective” given the mixed levels of activity across the province.
The number of homes for sale in Alberta eased slightly through the course of 2019, due to a slight increase in sales and a drop in new listings.
RE/MAX 2019 Housing Market Outlook for Edmonton
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The mortgage industry is showing positive signs.
Mortgage sector’s housing revenue looking up amid regulatory changes—analyst
