Low mortgage rates are expected to fuel a healthy Calgary real estate market this year, but buyers showed caution in January as single-family sales and home prices decreased year over year.
Several real estate experts have predicted strong economic growth, low unemployment and record-low mortgage rates will fuel a healthy Calgary housing market this year, and the Calgary Real Estate Board’s new president concurs.
Strong economic indicators are driving increased real estate demand in Calgary, and some experts believe the housing market will remain healthy and possibly expand in 2012.
Several real estate experts predict Calgary will be among the healthiest Canadian markets in 2012, as unemployment remains relatively low and condo construction continues to surge.
Calgary’s economy is booming as job prospects are among Canada’s best and the residential housing market remains strong, and a recent study revealed commercial real estate is now skyrocketing.
Calgary and Edmonton are projected to be the only major Canadian cities to witness an increase in housing starts next year, new research suggests.
Canada’s most expensive housing market seems to be cooling, and Regina and Calgary are seemingly grabbing the reigns from Toronto as the nation’s hottest real estate region.