According to reports demand is increasing in the Edmonton housing market, underpinning prices as the market looks to have finally bottomed.
Meanwhile, Goldman Sachs, after being the anti-sheep on Wall Street for month, predicting a weak demand and a “deflationary spiral” while other Wall Street giants including Morgan Stanley turned bullish, is now saying that “underlying demand is now accelerating sharply” and is currently on pace to grow at a 5% rate in the fourth quarter,” as it ups its fourth quarter growth forecast from 2.5% to 3.5% in a note to clients.
Looking at the Edmonton story, it would seem to be a Microcosm of what is happening across the American economy.
