A second look at the Real Estate industry in Alberta.
Sunday, April 17, 2011
Edmonton New Construction Update
The number of single family homes under construction in Edmonton has decreased from 4,116 in July to 3,212 in February. Starts have fallen over 50% YOY while completions increased by 60%.
The amount of units under construction or unabsorbed for all types of residential structures has decreased for 5 consecutive months.
"We're predicting that prices will continue to rise until August, at four to five per cent per month, then at two per cent per month," Carolyn Pratt, Former President REALTORS Association of Edmonton, April 4 2007
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