Calgary’s regional housing market in 2014 benefited from strong demand due to positive economic fundamentals. In 2015, however, several factors are pointing toward a pullback. While overall employment levels are forecasted to remain steady, a drop in net migration, coupled with expected lending rate increases and energy sector uncertainty will impact housing demand. While, supply levels are expected to rise. Given previously tight market conditions, rising supply will simply push the market toward more balanced conditions, supporting price stability.

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Best wishes for a great day and 2015!

CREB® 2015 ECONOMIC OUTLOOK & REGIONAL MARKET FORECAST – January 15, 2015 – Daryl Carlson