CREB 2014 Calgary Real Estate Forecast
(Calgary, January 15 2014): CREB®'s 2014 forecast for the Calgary real estate market projects a 2.4% rise in resale home sales and a 6.4% rise in condominium sales (apartment-style condo sales: +5.0%, townhouse-style condo sales: +8.3%).
Sustained employment growth in the city on the back of 2 years of higher net migration levels will see a 3.8% increase in Calgary resale home prices, while combined condo prices will rise by 5.3% (Calgary apartment price: +5.8%, townhouse price: +4.75%).
"In 2014, both sales activity and prices are expected to improve, but not at the same pace recorded in 2013," said Ann-Marie Lurie, CREB®'s cheif economist. "While factors influencing demand will support growth in 2014,…