Housing market forecast to continue to gain value

Royal LePage Canada released last month its forecast for the remainder of this year, noting prices on average across the nation will gain five per cent year-over-year.

Edmonton’s aggregate average price is forecast to increase by nine per cent by year’s end to $466,956 up from $428,400 in 2021.Article content Royal LePage predicts that Ottawa will have the second largest percentage jump in price at 10 per cent, from $739,700 at the end of last year to $813,670 by the end of 2022.

In Calgary, by contrast, the condominium sector is still recovering from a drop in demand and oversupply, Soper adds.

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