Friday, May 11, 2007

Edmonton Plateaus

Plateaus are necessary in any rising market. Without them you would have uncontrollable growth and a possible bubble. The city still has A LOT of growth ahead of it.

"Increases in new home prices across the country flagged in March, with prices in hot residential real estate cities like Edmonton and Calgary posting only modest gains from February, Statistics Canada said Thursday.

"Prices in Edmonton were flat in the month, though still up 39.8 per cent year-over-year, while Calgary posted a moderate 0.5-per-cent rise and 30.8 per cent year-over-year," BMO Capital Markets Economics reported. Full Article