Or should I say Richard vs Richard...Sara and I attended the CMHC housing forecast for Alberta on Thursday. In a clear shot Richard Corriveau, analyst from CMHC said and I quote, it’s "absolutely ridiculous" based on economic fundamentals for the province that prices should fall in 2008. When Richard Goatcher - the CMHC analyst for Edmonton - got up he took a much softer approach, saying that the forecast for the Edmonton market was a 7-8% increase in 2008 "IF" some of the current inventory gets chewed down.I don’t know what planet Richard the first is from but I’[...]
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[Source: The Money Blogs]
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