Edmonton’s Housing Prices Could Upturn in a Few YearsPosted by Gurpreet Ghatehora on
Edmonton’s economy has been making national and international headlines lately, and not in the ways the city saw during its most booming years. But while many focus on the negative aspects of the oil market meltdown, as some are calling it, there are many people looking to the future with a smile.
A recent Canadian Mortgage and Housing Corporation (CMHC) housing conference at the Northlands Expo Centre looked at the long-term projections for the Edmonton markets. Experts took into account both single-family home construction and the multi-family projects still under development for their economic evaluations. All in all, the projections were optimistic moving forward, with recovery expected to begin as soon as 2017.
Part of the expected recovery…
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