Calgary Real Estate Board 2023 Forecast
Posted by Erin Reeves on
Calgary housing market expected to stabilize in 2023
City of Calgary, January 24, 2023 - The Calgary Real Estate Board (CREB®) has released its 2023 Forecast Calgary and Region Yearly Outlook Report. The report, which is prepared by CREB® Chief Economist Ann-Marie Lurie, provides a detailed analysis of the economic and housing market trends in Calgary and surrounding areas for the upcoming year.
According to the report, elevated lending rates are expected to weigh on sales in 2023, bringing levels down from the record high in 2022. However, with forecasted sales of 25,921 in 2023, levels are still expected to be higher than the activity reported before the pandemic.
“Higher commodity prices, recent job growth, record high migration and relative…
265 Views, 0 Comments