On January 11, 2017 the Calgary Real Estate Board came out with their 2017 Market Forecast. Below are the highlights…
*Supply is declining and demand remains low but is improving in most sectors of the market
*Stability will return to the housing market in 2017 beginning in the 2nd half of the year
*The transition from a declining market to stable market will take a long time
*Not all sectors of the market will stabilize at the same time
*The detached market is expected to stabilize first, followed by the semi-detached market, then row or townhouse market
*Apartment style condos are expected to decline further and start to stabilize in 2018
Here is the full 2017 CREB Forecast report.
If you have any questions or need anything let me know.