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Alberta Expected To Outperform National Housing Markets

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According to Global Real Estate Trends report released Friday by Scotiabank Economics, says Alberta may outperform national housing markets in 2014.

“Relatively firmer employment and income gains and strong population growth are expected to underpin modestly higher home sales and steady new construction, while tighter supply conditions lift prices,” said the report authored by Adrienne Warren, the bank’s senior economist and real estate specialist.

The report said Canada’s housing market in 2013 outperformed expectations. The end-year tally for national home resales will be largely on par with 2012 and in line with the average pace of the past decade, it said.

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