Calgary housing market to stabilize in 2023: CREB yyc
The CREB is forecasting 25,920 sales this year, a dip from 29,672 in 2022. Most importantly for potential homebuyers, a slight drop is also predicted in benchmark prices.Sign up to receive daily headline news from the Calgary SUN, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails or any newsletter.
Calgary is attractive for many newcomers due to the largest gain in employment in the province, at 7.67 per cent. The CREB is expecting employment growth to drop in 2023 as well, forecasting one per cent growth with an economic slowdown on the horizon.Calgary, however, continues to have low housing supply, entering 2023 with 1.68 months’ worth of stock.
Semi-detached homes are projected to drop by one per cent after growing by 7.26 per cent in 2021 and 11.97 per cent last year, while total sales are expected to fall by 300 units from 2,503 to 2,203. The segment ended the year with a benchmark value of $566,075.Article content
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Calgary housing market to stabilize in 2023: CREBThe Calgary Real Estate Board is expecting sanity to return to the marketplace in 2023 after two years of record growth.
Read more »
Drunk driving charges laid after Calgary fatal pedestrian collision - Calgary | Globalnews.caA 23-year-old man has been charged with drunk driving causing death in relation to a July 2022 collision in Calgary’s Huntington Hills neighbourhood. yyc
Read more »
Calgary Catholic school board down to 6 members after vote - Calgary | Globalnews.caPamela Rath resigned her seat as trustee on the Calgary Catholic School District board in December. The board voted to not have a by-election.
Read more »
2 Calgary men charged in international drug exportation investigation: RCMP - Calgary | Globalnews.caRCMP said the Canada Border Services Agency notified them in May that a package of crystal meth was seized by border officials in Australia, who found it concealed inside a shop vaccuum.
Read more »