As we approach the end of January, it’s time to dive into what the real estate market has in store for Calgary and the surrounding areas. Every year, Kreb hosts a pivotal event shedding light on market forecasts, and I’ve been attending for years, witnessing their accuracy firsthand.
This year, I wanted to share some insights from their data with you. Despite low inventory, the forecast predicts robust sales, even surpassing the highs of 2022. With migration trends pointing towards Alberta, especially from provinces like BC, Ontario, and Atlantic Canada, demand for housing remains strong, promising continued price growth.
The projections also touch on GDP growth, oil prices, and lending rates—all of which play significant roles in shaping the market landscape. While there’s optimism, it’s essential to approach rate drops with caution, as increased demand could offset potential savings.
Additionally, comparing Calgary to Edmonton, while Calgary offers unique amenities and experiences, Edmonton boasts more affordable housing and a slightly higher inventory, presenting a choice for potential movers.
In summary, whether you’re buying or selling, having a strategic approach is crucial. The data paints a clear picture, and understanding it can guide your decisions in navigating this dynamic market.
If you’re interested in diving deeper into the numbers or need personalized guidance, feel free to reach out. Let’s navigate this market together!