Found 1 blog entry tagged as Calgary real estate forecast.

By Rebecca Wissink

The Canada Mortgage and Housing Corporation (CMHC) has released its 2022 Market Outlook, which includes both a national forecast and one specific to Calgary. This article covers the forecast, the socio-cultural issues impacting Calgary and Alberta that led to the forecast, the risks that could derail the forecast, and we’ll touch on the national forecast. Briefly, Figure 1 below shows that sales are expected to drop or moderate after this year, even at the higher end of the forecast, as 2023-24 will likely have lower sales than 2021. The average MLS price will climb each year from 2021, gaining between $35 – 40,000 each year at the high end of the forecast. However, at the low end of the forecast, price gains will be minimal this…

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