Forecasting 2013

The Calgary Real Estate Board (CREB) released its annual forecast for 2013 today, predicting a market that continues to grow but at a slower pace than 2012’s levels. Taking into account employment trends and constraints on the oil sector, CREB suggests we can expect sales in Calgary to grow 2.2 percent this year, with house prices going up nearly three percent.

In their 2012 forecast, CREB predicted a 12 percent sales increase, with prices going up two percent; we ended up with a nearly 19 percent sales jump and a 2.3 percent rise in prices.

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This entry was posted on Wednesday, January 16th, 2013 at 1:40 PM and is filed under Forecasts, Real Estate. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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