Real estate forecasting is as much art as it is science. It involves so many facts and figures and it's dosed with a healthy bit of just good old prognosticating.And those people who follow the housing market, like real estate brokers or investors, constantly want to know how it’s doing and where it’s going.
A TD Economics Provincial Outlook released this past Thursday provided some interesting data on Alberta’s very recently recovering housing market.
The forecast painted a pretty rosy picture for Alberta for 2012 stating, "... the vast majority of signals on the economic dashboard are sending the same message: things are good. Wages, already the highest in Canada, are rising, retail sales are growing fast thanks to an expanding population, and the housing market shows little sign of overvaluation relative to other large provinces in Canada." Sounds pretty good, right?
Then you get to the last page with the statistics on whole the housing market....
