A Good Edmonton Real Estate Market for 2012?

Posted on Posted in Real Estate Market

According to BMO’s deputy chief economist, Edmonton may be one of the hottest real estate markets in Canada in 2012.

“Calgary (average price: $399,000) and Edmonton ($320,000) have seen stable prices in recent years even as Alberta easily recorded the strongest employment growth in the country in 2011,” he says. If oil prices hold around $90 US a barrel or more in the coming year, “look for those two cities to lead the way for hottest housing markets in 2012,” says Porter.

I guess time will tell.

Read the complete Edmonton Journal story…