CREB Real Estate Forecast 2023
Posted by Kirby Cox on
Calgary Hot Spot for In Canada for Migration in 2023
The Calgary Real Estate market is expected to stabilize in 2023 after two years of record growth. Most importantly for potential homebuyers, a slight drop is also expected in home prices, according to the Calgary Real Estate Board.
“Our market is not as bad as what people might think it is,” said Ann-Marie Lurie, chief economist for CREB. “Although we’re going through a period of adjustment . . . we’re still performing relatively well.” She said Calgary experienced a price adjustment following the 2014 oil price crash, which is cushioning it from the major corrections seen in other markets, such as Vancouver and Toronto.
Migration to Alberta (mainly from Ontario and B.C.) paired with high…
3639 Views, 0 Comments