Continued Slump in Edmonton Home Values

HIGHLIGHTS Edmonton’s real estate market is very “normal”. The market is balanced and neither buyers nor sellers have the upper hand in price negotiations. A balanced market is fair for everyone. This year, Edmonton house prices followed the seasonal real estate cycle rising in Spring and falling toward the end of the calendar year. Calgary condo prices have been dropping pretty consistently for the past few years and there is still enough supply to allow for a lively negotiation. Fears of a slowing global economy have pushed oil prices down and that will keep a lid on Alberta's home prices.

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