Wednesday, June 26, 2019
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YYC’s 2019 Housing Forecast

Economic Summary: GDP & Energy

Slower economic growth, weak consumer confidence, persistently high unemployment and a lack of job growth in higher paid industries summarizes the economic climate expected...

Population

One area of notable improvement in 2018 was net migration. In 2018, net migration was expected to be nearly 2,000 people, but civic census...

Employment

Calgary’s job market did not play out as most forecasters had anticipated in 2018. Instead of a continual improvement in the job market, with a...

Lending Market

Following a decade of low interest rates, the Bank of Canada is expected to gradually raise rates until they reach 2.5 – 3.5 per...

New-Home Market Summary

New-home starts eased over 2018 levels due to pullback in both detached and semi-detached activity. However, further gains occurred in the apartment sector, mostly...

The Rental Market

Improving net migration and stricter ownership conditions have translated into improvements in the rental market. Vacancy rates have eased, helping reduce the oversupply. As this...

The Resale Market

The Calgary housing market faced numerous challenges in 2018. Some were expected, but weakness in the first half of the year was supposed to be...

Detached Homes

The detached sector saw the most significant market shifts in 2018, due to weakness in demand. Higher lending rates and stricter qualifications, combined with weak...

Apartments

A look back at 2018: Despite some year-end improvement in apartment sales, 2018 sales activity eased to 2,663 units, a seven per cent decline...

Attached Homes: Semi-Detached and Row

Attached sales activity is expected to remain relatively weak due to improved options in the more affordable price ranges of the detached sector and...

Surrounding Area Summary

Housing markets in some surrounding areas experienced rising listings and inventory gains coupled with easing sales, limiting price recovery. Important to consider in these...

Cochrane

Cochrane provides relatively affordable properties compared to Calgary’s North West and West districts. Along with lifestyle preferences, this has encouraged people to move to...

Okotoks

Okotoks provides potential residents with relative affordability and easy access to Calgary. In 2018, this housing market saw low levels of sales combined with...

Airdrie

Airdrie represents an affordable alternative to Calgary. It has proven to be especially attractive for young families and working-age individuals, as 78 per cent...

Coast to Coast: A Cross Country Comparison

Alberta’s economy is struggling with job growth and challenges in the energy sector. Other provincial markets are demonstrating overall growth and improving fundamentals, supporting...