2023 Real Estate Forecast
The Calgary Real Estate Board (CREB®) held their annual Forecast last week, releasing their yearly outlook report for 2023 and the news is good – while economic growth is expected to slow, forecasters are not calling for a recession in the province. Migration continues to be a huge driver in Alberta’s strong real estate market helping to keep prices stable and offsetting potential slow-downs due to rising interest rates. CBC reached out to me for my thoughts on the report and the year to come – you can check out the full article here https://www.cbc.ca/news/canada/calgary/calgary-housing-market-forecast-1.6724848 and can find the full Forecast Report here. https://www.creblink.com/-/media/Public/CREBcom/Housing_Statistics/2023_Forecast/2023ForecastReportonline.pdf Want to know what the projections mean for you? Let’s grab a coffee and chat!