Thursday, 10 February 2011

Housing market will be stable next two years: RBC

This appears to be a reasonable argument, however, if economic recovery isn't as strong as predicted, it will leave the housing market quite fragile.


It is interesting that RBC also predicts resales in Alberta to grow by a nation-leading 9.5 per cent this year. That totally makes sense, given their strong predictions for the oil patch in 2011.


As far as Kelowna goes, I do not feel our housing market is generally over valued, as we have seen a more significant price correction over the last 18 months than other areas of the Country.

See this Amp at http://amplify.com/u/aps84


Kind Regards

Trish Cenci

Coldwell Banker Horizon Realty

Cell 250 864 1707

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