We know that our buyers and sellers have anxiously been waiting for the Calgary Real Estate Board to release their market forecast for this year. We just received the 2021 Real Estate Market forecast for Calgary and the Greater Area fresh off the press and wanted you to be the first to hear about it!
Overall, it was very positive news. Prices in Calgary are projected to improve by over 1% in 2021, and Calgary property sales are forecasted to improve by nearly 5%. Growth in supply is expected to offset some of the gains in sales, pushing our market to the upper bounds of balanced conditions and slowing price recovery. The momentum from last year’s strong finish to the year is expected to continue this year supported by historically low lending rates and lower supply in the detached, semi-detached and attached markets.
Please click here for the full report:
https://www.creblink.com/…/Q42020ForecastReportFinal.pdf
If you have any questions regarding the Calgary Real Estate Market Outlook, or if you are curious how it effects your personal situation, we would love to discuss things with you. Please contact us at anytime, we are here to assist you with your real estate dreams!