Friday, May 11, 2007

More On Edmonton Slow Down

A Blurb from the Edmonton Sun online:

"....the slowdown is "primarily due to the decrease in sales in single family residential lots."Ralph Young of Edmonton's Melcor- Edmonton's Residential Developer

The average lot price has increased as Melcor tries to "keep pace with rising construction costs."

Slipping sales

But sales slipped when compared to the same period last year.

Which is generally what happens in a market.

It's no time to panic, as Young pointed out in his 2007 "outlook."

"The current real estate market remains very active," he told shareholders.

"Continued investment within Alberta," he added, "aided by low interest rates and population growth continue to stimulate the economy." So it's still two thumbs up. Read The Full Article