Calgary's housing market will ward off cooling trend in 2023: CREB forecast

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Calgary's housing market will ward off cooling trend in 2023: CREB forecast
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Unlike other Canadian cities, Calgary's housing market is positioned to do better than it had before the pandemic according to the outlook in a report by the Calgary Real Estate Board.

Unlike other Canadian cities, Calgary's housing market is positioned to do better than it had before the pandemic according to the outlook in a report by the Calgary Real Estate Board .

In the detached housing market within the City of Calgary, sales dropped from 17,037 in 2021 down to 15,795 – but prices in this category grew in the same timeframe. "We have net migration, we have cash buyers, there's a lot of people that are coming here that still see the value of your house, so its a nice positive surprise to , which makes us feel good as realtors," said Barry Klatt, real estate agent with Alberta RE, Real Broker.

 

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