Weekly Market Update, Oct. 5/18

U.S. employment rate highest in half a century
In Alberta unemployment rate went up in September

You can thank the deadly one-two punch of Nutley and Turdeau for that.

If they were intelligent we'd be riding the unprecedented US boom right alongside them.

Instead, we're dying.

I like Notley. She's the inky reason we're flirting with an all time high for this type of year. If it wasn't for the 30,000 public servants she's hired in Edmonton in the last four years, we'd be just as bad as Calgary economically.

he .he , Sellers market indeed Mike .

They might have to change days to months or years on mls as most properties will probably sit for many years before selling or getting foreclosed.

It is clear. Edmonton homeowners wont take price cut even if inventory is high as are interest rates. Edmonton Buyers are rich and will cough up money - they dont care about interest rates.

So, buy now or never. Its a sellers market, here and in Canada in general.

Yes, Tom.
Nutley should hire another 500,000 government employees.
Then Edmonton would really boom.
A million hires would be even better.

GM, I think Tom means only housing and not the economy in general.

https://theprovince.com/pmn/news-pmn/canada-news-pmn/canadian-real-estate-association-will-post-past-sales-data-without-a-password/wcm/1815d4fd-58d6-4b56-94fa-550bed7d5b00

Awesome news, I hope EREB gets on this right away.