Edmonton Real Estate Market Forecast 2021 - Part 2

A Sense Of Hope

With the trajectory of the Covid-19 understandably dictating people’s comfort level when it comes to entering a stranger’s home, not to mention the effect it has on their work, this winter has, unsurprisingly, slowed things down a bit with the current rise in virus cases, but this slow-down will not last, Benjamin Tal, CIBC World Markets’ Deputy Chief Economist suggested during his presentation for the Realtor’s Association of Edmonton’s 2021 housing forecast. 

“There is reason to believe that the situation will improve,” Tal said, “In fact, it might improve much faster than people expect, and it will be stronger than people expect.” 

Some of the things that give us an advantage during this phase of lockdowns is that most…

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Edmonton housing forecast blog - part 1 A look back at 2020

A look back at the year that was 2020

Earlier this month the Edmonton Real Estate Association held their annual Real Estate Market Forecast where they bring in economists from various levels to share their thoughts about what is happening in our city, province and even across the country. Today, I will share about the year past. What was expected, and what turned out to be a curve-ball of a year that took just about everyone by surprise. 
Wow! What a year 2020 turned out to be. From the panic of the early days of the pandemic, to the economic upswing of the summer, things this year in real estate could hardly be described as “predictable.” In fact, the word used so often this year was “unprecedented,” as pointed out by the past board chair of…

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