New Home Prices on the Rise…Will Resale Prices Follow?

Canadian new home prices rose more than expected in January and hit a record high, but the pace of growth was the slowest since March, adding to evidence that the housing sector is starting to cool.

But that was nation wide and things are a little different here in Alberta. There is just too much going on in the oil and gas industry that going to keep the Alberta economy very strong.

So I do expect prices of homes but new and resale to rise during the balance of this year and next year as well.

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This entry was posted on Wednesday, March 9th, 2011 at 1:06 pm and is filed under Economic News, Edmonton Real Estate Forecast, Homes For Sale Edmonton, New Homes. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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