Edmonton has stood out as an area attractive to investors and buyers. Evidently, Covid-19 has caused a snag in the real estate market in Edmonton. With the present recession, homes have retained their value. Due to government involvement in the industry, the real estate industry has been protected against stagnation. For many individuals interested in buying a home in 2020, the uncertainty is unsettling.
The cause for concern has been primarily on how the pandemic will affect the Edmonton real estate market. Will the mortgage rates decline? Are there people selling and buying homes? Here is an overview of the Edmonton real estate industry in 2020.
The Real Estate Market is Still Strong
This market has managed to remain stable and grow despite…