Each year the Realtors® Association of Edmonton gathers together a group of economic experts to share their thoughts on where we are headed for the next 12 months in terms of: the economy, world events and at a more local level, how this will effect the housing market for our clients.
This year’s speakers included: Steve Sedgwick the Chair of the Realtors® Association of Edmonton, Todd Hirsch - Chief Economist, ATB Financial, John Rose – Chief Economist, City of Edmonton and Christina Butchart – Senior Market Analyst, Canada Mortgage and Housing Corporation (CMHC).
Here is the list of their highlights and predictions for our market:
1. Total sales for the Edmonton market will drop by 2%. Down from 17,298 homes and condos sold in 2015 to around…