Housing forecast predicts slow and stable growth

There are no bounces, no bubbles and no bursts to be expected in the Capital region’s housing market this year, says Darrell Cook, president of the Realtors Association of Edmonton.

“The real estate market in Edmonton and the region will remain stable and steady,” Cook told some 700 realtors and business people Wednesday at the association’s annual housing forecast seminar.

Cook said average prices of single-family homes in the Edmonton region are expected to increase by two per cent in 2013, rising from $382,829 to $390,020.

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