Edmonton market will be slow but steady this year say realtors
Realtors and brokers in the Edmonton area are undeterred by falling oil prices and are optimistic that the market will continue to grow. The Realtors Association of Edmonton is predicting that market conditions will be slower in 2015 but will still maintain steady growth. Its annual forecast shows that sales of single family homes will stay at much the same level as last year while condos and townhouses will see increases of 2.5 per cent. Despite flat sales volume, prices for single-family detached properties are set to increase by 3.5 per cent while condos and townhouses will cost 2.5 per cent more by the end of the year.