Drake's BlogAugust 16, 2012
Calgary's Housing Market Outperforms Forecasts
CREB just released their Housing Market Forecast Update report (attached below), and the first 7 months of the year have outperformed expectations.
Condo sales activity was projected with a 6% increase over 2011, and we've already seen a 10% increase. Forecasts are currently anticipating a 25% rise in 2012 starts, with the majority being multi-family apartment condominium construction. And pricing continues to hold strong with positive pricing momentum anticipated for the remainder of the year.
With housing starts on the rise, improving economic conditions, and reduced market supply, the new home market has seen a positive boost and all signs are pointing towards continued stability.
Good news for those of you looking to get into the market!
If you have any questions on our availability or pricing, feel free to call us anytime at 403-264-1703 or visit us Monday-Thursday 12-6pm, or weekends 12-5pm (closed Fridays).
See you soon!Download: 08-15-12_CREBHousing_Market_Update_2012.pdf