Calgary housing market forecast to remain strong in 2022
Calgary's housing market forecast for 2022 has been released by the Calgary Real Estate Board Media Releases (CREB).
Following a stronger housing market in 2021 than anticipated, where the residential price rose by 8.25 per cent , CREB is forecasting a 4.46 per cent increase in the residential price for 2022.
“Despite challenges with COVID-19, we are starting to see a turnaround in our job and migration numbers, and while interest rates are expected to rise, they remain relatively low. All these factors are expected to support strong housing demand into 2022,” said CREB® Chief Economist Ann-Marie Lurie.
“The biggest question will be whether supply can meet that demand. It will take time…
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