Monday, November 26, 2007

Alberta's hot housing market cools, but still scalding for new buyers

EDMONTON - Alberta's hot housing market is no longer on a roiling boil, but it can still be scalding for first-time buyers in a province that demands $400,000-plus for a mobile home in Fort McMurray.

"We're calling it a correction. There's just been so much steam in (the market) that the top is loose and the steam is getting out a bit," said Jon Hall of the Edmonton Real Estate Board.

Drive around the Alberta capital and "for sale" signs have sprouted up on the odd lawn and condo driveway where none had been before.

Canada Properties News

Canadian Mortgage News

Canada Properties

Canada Real Estate Articles