“Calgary (average price: $399,000) and Edmonton ($320,000) have seen stable prices in recent years even as Alberta easily recorded the strongest employment growth in the country in 2011," he says. If oil prices hold around $90 US a barrel or more in the coming year, "look for those two cities to lead the way for hottest housing markets in 2012," says Porter.
I guess time will tell.
Read the complete Edmonton Journal story...
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