The combination of the pandemic and weak oil industry is likely to dampen Edmonton home values in 2021.
All in Forecast
The combination of the pandemic and weak oil industry is likely to dampen Edmonton home values in 2021.
House values accelerate while condo prices remain calm.
Work-from-home has allowed people to leave Vancouver to come to the Okanagan.
Rates are NOT expected to rise any time soon.
Wave 3 is a real possibility before vaccinations are complete in September.
Mortgage qualifying rates expected to rise in second half of 2021.
How Canadians can weather an imminent housing crisis
Canadian economy still fighting headwinds from COVID. Interest rates to remain low.