The CREB is forecasting 25,920 sales this year, a dip from 29,672 in 2022. Most importantly for potential homebuyers, a slight drop is also predicted in benchmark prices.Sign up to receive daily headline news from the Calgary Herald, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails or any newsletter.
Calgary is attractive for many newcomers due to the largest gain in employment in the province, at 7.67 per cent. The CREB is expecting employment growth to drop in 2023 as well, forecasting one per cent growth with an economic slowdown on the horizon.Calgary, however, continues to have low housing supply, entering 2023 with 1.68 months’ worth of stock.
Semi-detached homes are projected to drop by one per cent after growing by 7.26 per cent in 2021 and 11.97 per cent last year, while total sales are expected to fall by 300 units from 2,503 to 2,203. The segment ended the year with a benchmark value of $566,075.Article content