Thursday, November 15, 2007

Edmonton Market Report

Edmonton's market is still is a plateau which means if you are a buyer you can get some incredible deals. Financing , down payment and terms are all open for negotiation. Especially if you are adept at trawling older listings many people want to sell now.

"Price increases in both Calgary and Edmonton will be more in line with a balanced market. We've had a huge increase in listings in both of those markets. The big run-up in prices has affected affordability and, with it, the number of people who can qualify to purchase."Gregory Klump, CREA's chief economist

Currently 9,753 active listings on the Edmonton market which means you can pick and choose. This won't last long - CMHC predicts price increases in 2008.

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