Canada's real estate and housing authority predicts that oil's fall from grace will negatively impact the housing market in Edmonton.
Canada Mortgage and Housing (CMHC) recently issued its 2016 forecast at an Edmonton conference. It doesn't take a genie in a bottle to see that new homes, the resale segment and even the rental housing sector are going to be slow in the coming year.
Using 2014 as a benchmark, CMHC Edmonton market analyst Christina Butchart says that slumping oil prices and the resulting Alberta economic slowdown is having an impact on housing in Edmonton, and affecting each market segment in a different way.
With fewer jobs available and some jobs disappearing, fewer folks are coming to Alberta and moving to…