The latest house, condo, and townhouse real estate price trends and forecast in Calgary
All tagged Calgary House Prices
The latest house, condo, and townhouse real estate price trends and forecast in Calgary
Prices in Metro Calgary are continuing their downward path but are still fairly expensive relative to local household incomes. At this point, price declines appear to be part of a long-term trend in Calgary while the property market seeks to find a its equilibrium price level.
The latest house, condo, and townhouse real estate price trends and forecast in Calgary
Analysts agree Calgary real estate prices are headed downward for the foreseeable future.
Today the price of oil is around $50 per barrel and Scotiabank recently forecast it would remain relatively unchanged into 2019. Employment in Calgary has stabilized and the city is expected to see population growth in 2018. For the foreseeable future, the Calgary real estate market is expected to be more balanced than before but there are a couple of key risks in this market.