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Reports 2022 CREB® FORECAST SUMMARY TOP CONSIDERATIONS FOR 2022: COVID-19 IMPACTS ON ECONOMY AND INFLATION- Supply disruptions caused by COVID-19 are expected to ease in 2022. However, if new variants emerge that delay a full re-opening, this could impact the economic recovery, while prolonging supply challenges and inflationary pressure. LENDING- The Bank of Canada is expected to increase interest rates in […]
Reports 2021 CREB® FORECAST SUMMARY In 2020, housing markets across the country surprised many with a stronger-than-expected rebound in the second half of the year despite record-high unemployment rates and significant job losses. Calgary did not hit record-high sales or prices in the third or fourth quarters, but still posted some of the strongest sales relative to the past five […]
Reports Calgary ECONOMIC UPDATE 2020 The Alberta economy continues to struggle. 2019 marks the fifth year since oil prices first collapsed. Following widening price differentials and continued difficulties getting energy product to market, we saw governments step in with production curtailments. This helped narrow the spread on price, likely preventing further pullbacks, but it also weighed on energy investment activity […]
Reports Calgary Real Estate Forecast 2019 TOP CONSIDERATIONS FOR 2019: • If conditions in the energy sector get worse, this could have downside risk on confidence, employment and wages, creating persistent oversupply and steeper-than-expected price declines in the housing market. • Signs of supply adjustments are present in the market. If the downside risk is averted, then the amount of oversupply […]
Reports Calgary Housing Outlook – 2018 THE HOUSING MARKET IS EXPECTED TO CONTINUE MOVING TOWARDS RECOVERY IN 2018, BUT CHALLENGES REMAIN. Housing market conditions are expected to remain relatively unchanged in 2018, as the impact of higher lending rates and stricter lending criteria are offset by modest improvements in the economic climate. Recent changes may have prolonged the recovery period in […]
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