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Monday, March 1st, 2010 at 11:04am.49 Views, 2 Comments.
Everyday I’m asked the same question “Is the market going to go up or down?” And everyday I respond with, “It’s hard to tell, if I knew for sure I won’t be here, I would be living on my private island in the South Pacific living like a king.”
But with that being said let me attempt to breakdown where the market is going.
Right now in Edmonton we seem to be sitting at a balanced market. The homes that sat throughout the winter seem to be moving a lit bit more. Traditionally winter is suppose to be the slow time for Real Estate, so as the snow starts to melt the buyers tend to come out and the winter sellers tend to drop their prices.
With the new mortgage rule creeping up we have also noticed the amount of pre-approved buyers has also risen.The average…
