Canada Mortgage and Housing Corporation (CMHC) just released their national housing market outlook for 2024, which included a positive forecast for Edmonton.
"The positive outlook is likely to continue in the short term, supported by employment gains across various sectors...Moreover, relative housing affordability and lower living costs in Edmonton are anticipated to continue attracting both international and interprovincial migrants, leading to higher population growth. The house market is projected to remain active over the forecast horizon, supported by strong demand fundamentals."
If you have any questions, or would like to discuss what this might mean for you, please do not hesitate to contact us!
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