Alberta’s unique housing cycle

CALGARY, AB, Dec. 5, 2012/ Troy Media/ – Alberta real estate has marched to its own rhythm for the better part of a decade now. The real estate craze that has gripped most of the nation since 2009 has largely bypassed a province where the memory of a bursting real estate bubble was still fresh. Over the years, Alberta has managed what is hoped the rest of the country will experience: a soft landing.

A soft landing in real estate happens when, after a spell of exuberance in the market, balance is restored without any major correction in price. Instead, the market returns to balance as time takes its toll.

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