Real Estate Investment Canada

will the market go down by this summer? In Alberta Canada?

Me and my boyfriend are looking at houses for next year (when I am finished school), we are looking in Edmonton Alberta, and right now the market is so high...we're looking for a 3 bed, 2 bath newer house...what do you think? Any advice?

Public Comments

1. If anyone tells you that they can predict when and where real estate prices will go up or down, ask to check out their crystal ball. The right time to buy real estate is when you have the resources (down payment, ability to pay the mortgage, steady employment that is likely to keep you in one area for several years) and have found the right home for you. Canadians have a plan where they can take money from their RRSP and put it towards a down payment, but with both you and your boyfriend just getting out of school, I'm betting there isn't much in those accounts. A quick look at the Edmonton market shows that what one person considers to be high priced, another looks at as being very reasonable. I'm in Gig Harbor, WA (USA) and our prices are at least double what yours are. There is some good information from the Canadian Real Estate Association at www.realtor.ca. You can look at listings, and there is a page of information for first time home buyers. Good luck!
2. i don't know