2011 Calgary Real Estate Forecast

CREB unveils the 2011 forecast for the Calgary Real Estate Market. Highlights include:

  • convergence of large slection inventory, low interest rates and good affordability in 2011
  • risk is that affordability will erode precipitated by energy costs and taxes
  • 20% increase in sales activity over last year in single family homes
  • average price forecast increase by 4.1% for single family, 1.8% condominiums and 2.6% towns
  • market dependent on projected job creation and subsequent in-migration
  • buyers favoring inner city communities
  • the action is in green, walkable, mixed use developments in sustainable communities
  • 2011 will show slow, incremental growth that will build toward the end of the year

For more information contact Sano or read the full report here.

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