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Canada: Economist predicts housing market rebound

Posted on 16 August 2010

From Calgaryherald.com: Continued strengthening of Alberta’s economy will lead to a turnaround later this year in the province’s housing market, says a senior economist. Alberta home prices are expected to rise by 2.6 per cent this year and another 0.9 per cent in 2011, according to an analysis of the Canadian housing market by Robert Hogue, with RBC Economics.

He said in his report the province’s average value of a detached bungalow will increase to $338,000 this year and to $341,800 next year…………………………………….Full Article: Source


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