From CBC.ca – Alberta real estate prices set to rise
CMHC is predicting housing price increases in Alberta. Since they are likely in the know, I wonder if they are factoring in any potential changes to the amortization and down payment requirements. If they are not, it might be an indication that they do not think it will happen.
The real estate market in Alberta appears to be on the rebound, experts in the field say.
House sales will increase as by as much as 10 per cent in many communities this year, the Canada Mortgage and Housing Corp. says, with prices in Alberta predicted to rise between four and five per cent.
That means buyers and sellers will be on a more equal footing, some realtors say.
“It was a buyer’s market going into the year — in sort of the fall area it had slipped into almost a seller’s market,” said Gary MacLean of Remax.
