With the employment growth in Edmonton this year and expected growth for next the forecast is for real estate prices to increase for next year. Builders are raising their prices at the end of the month.
Walking through Southgate Mall or dining out at the Keg, you wouldn't think oil prices have went down at all. I guess with investments in the oil sands being 40 year projects it's going to take awhile for the reduced oil prices to have any overall negative impact on our economy.
I guess that explains how our home went pending at full list in 3 days and how we ended up paying full list for our new home. I guess it also explains why the future U.S. president came to Edmonton, or rather sent his son, 2 years ago to invest his fortune. He's a smart guy and while I don't think I could vote for him, millions of others will.