Wednesday, September 7, 2011

Edmonton house prices forecasted to rise in 2012

CMHC anticipates 2.4% increase in coming year

EDMONTON - Housing prices in the Edmonton region are expected to end 2011 little changed from the previous year, but rise significantly next year, according to Canada Mortgage Housing Corp.

Annual average MLS prices in the Edmonton census metropolitan area will rise by less than one per cent to $329,000 from $328,803 in 2011.

Next year, they will rise by 2.4 per cent, according to the federal agency’s new forecast report released Wednesday.

http://www.edmontonjournal.com/business/Edmonton+house+prices+forecasted+rise+2012/5300815/story.html

Contact Amy Wilson for more information or to discuss your mortgage plan at 780-919-0475 or amy@brokersforlife.ca
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