Sunday, May 25, 2008

New CMHC Report For Edmonton Spring 2008

"In general, market conditions have favoured buyers since the fall of 2007 and we see little change in store during the first half of 2008. Sales will remain soft for much of the year and will end 2008 down by 10 per cent to 18,500 units. Market weakness should subside as the year progresses, with demand improving once prospective buyers gain some confidence that the adjustment phase has run its course and the price trend has stabilized. This said, a lot will depend on the behavior of investors and speculators who purchased units during the accelerating market conditions."

Buyers should buy while the market is favouring them. It won't be long till we see prices rising again and many people wishing they had picked up that deal in '08.

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