CREB presents 2012 Calgary housing forecast
There will be more opportunities for both buyers and sellers in Calgary this year.
The Calgary real estate market appears to be on its way to recovery, according to the the Calgary Real Estate Board.
In the coming months, Calgary’s housing inventory levels are expected to stabilize, resulting in an eventual return to a more balanced and sustainable housing market. CREB recently released its real estate market forecast for 2012.
“As the market moves into balanced territory, there will be more opportunities for both buyers and sellers in this market,” says CREB President Bob Jablonski. “2012 will provide consumers with stable price growth in a low interest rate environment, encouraging both the first-time buyers and the move-up buyers to be more active in the marketplace.”
Confidence in the local economy will eventually trickle into the resale housing sector.
According to the forecast, strong economic fundamentals point to improvements occurring throughout 2012.
“The global economic uncertainty will continue to weigh on consumer confidence in the first part of 2012,” says CREB Chief Economist Ann-Marie Lurie. “However, as the benefits of employment growth and migration settle in, confidence in the local economy will trickle into the resale housing sector, moving activity to levels more consistent with long-term trends.”
Highlights of the report include:
- Elevated energy prices, combined with low lending rates, will continue to encourage business investment in Alberta.
- Creation of full-time well-paying jobs, combined with our relatively affordable housing market, will continue to attract migrants to Calgary.
- Real estate sales activity will continue to increase, with stable price growth.
The Calgary Real Estate Board's mid-year housing market update for 2011 shows that the resale of residential properties in Calgary are now on the rise after steep sales declines in ...
Housing market driven by clients looking for value, according to CREB
According to figures released recently by the Calgary Real Estate Board, residential sales continue to trend towards recovery.
After the ...
Troy Media - ATB Financial
Activity in Canada’s housing market has been the focus of much attention, particularly by those looking for signs of U.S.-style bubbles. But complete data for 2011 ...
Sales of upper-end homes are above last year's pace, according to new figures released by the Calgary Real Estate Board. As of August 31, there were 948 single family sales ...
Canada’s housing market remains resilient, says BMO Financial economist Douglas Porter based on Canadian existing home sales numbers, which rose by 12.3 per cent from July 2010 levels and held ...
Troy Media - ATB Financial
Equities, commodities, and currency markets around the world are being batted around lately with much volatility. However, at least one market in our own backyard is ...
2011 a year of steady improvement for the housing market
According to figures released today by the Calgary Real Estate Board, Calgary residential sales in 2011 increased eight per cent over ...
Troy Media - by Todd Hirsch
While the rest of global economy is being rocked with wild gyrations in the stock markets, at least one market closer to home is showing ...
CREB: Calgary housing market to continue its path
Calgary housing market on the road to recovery
Calgary’s housing market stable
Calgary real estate market continues growth
Canadian housing market just keeps on ticking
Calgary real estate market stable
Year end figures suggest stable growth for real
Alberta housing starts flatline