"Alberta and Saskatchewan’s gradual recovery from the oil-price shock that started in 2014 will likely contribute to positive net interprovincial migration flows, supporting housing markets. Housing market conditions are expected to continue to slowly transition from a buyer’s market to a more balanced one in 2018 and 2019. However, the overbuilding in many CMAs is expected to put downward pressure on new housing construction."Have a great weekend! Posted by Liv Real Estate on
Builders continue to file for bankruptcy yet the builders in Alberta that haven't gone bankrupt continue to flood the market with homes. Maybe they'll just bulldoze the homes that were built like in Detroit when the rest of the builders file for bankruptcy protection.Posted by Tony on Thursday, October 26th, 2017 at 8:16pm
Don't worry Tony.
As always happens, insiders and friends and family of the bankers will be there to snatch up the properties for pennies on the dollar.
You can download a complete copy of CMHC's "Edmonton Housing Market Assessment" here: https://www03.cmhc-schl.gc.ca/catalog/productDetail.cfm?lang=en&cat=192&itm=5&fr=1509128876839Posted by Sara MacLennan on Friday, October 27th, 2017 at 7:29am
Nice catch Sara, as usual you're one step ahead of the truth...Posted by GPC on Friday, October 27th, 2017 at 7:53am