A number of new articles in the Edmonton Journal yesterday and today with some interesting opinions on what is happening to real estate in Edmonton.
Gary Lamphier writes: Our housing market's correction is not a calamity
Bill Mah writes: Edmonton house-price hike Canada's 5th lowest
And the ever optimistic Neil Waugh of the Edmonton Journal writes: Housing Starts Spell Gloom
All of this comes from press releases by CMHC and StatsCan.
CMHC's press release showed that housing starts are down, waaaaaay down (yippeee!). Multi-family starts are down 63% and single family starts down 71% from a year ago.
The Statscan release showed that new homes increased in price in Edmonton by 1.6% - I'm surprised they increased at all and wonder if the average was skewed by more high end sales and fewer condo sales. Just a guess there though.
Enjoy the articles....by your comments we'll know which newspaper/author is your favourite.
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