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Calgary's housing market to stay the same in 2018, real estate board predicts
on Thursday, February 1st, 2018 at 11:15am.
The housing market in Calgary this year will likely look much like it did in 2017, according to a forecast released Wednesday by the Calgary Real Estate Board. CREB's 2018 forecast says stricter lending criteria introduced this year by Ottawa, coupled with slightly higher interest rates, should put downward pressure on prices. That will offset any upward momentum that results from Alberta's continuing recovery from the recent economic recession. "The path to recovery is expected to be bumpy, as the market adjusts to a new normal," says the report, which predicts minimal changes in sales activity in 2018 in the Calgary area.
News originaly retrieved from
housing market in Calgary (1)
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