Will Calgary home prices go down?

No one can tell you honestly, and a REALTOR who offers a confident forecast is guessing with your money. What can be tracked is the current direction, supply and how each segment is moving, which our market pages update with every CREB release. Decisions are better made on the cost of waiting than on a prediction.

What does it cost to wait to buy a home?

Rent paid in the interim, which is unrecoverable; the risk that borrowing costs move against you while prices move in your favour; the listings that came and went while you waited; and the competition that returns as soon as conditions look better. None of those appear in a simple comparison of prices.

When does it make sense to wait before buying in Calgary?

When your down payment needs time, when your job or household situation is unsettled, when you have not decided where you want to live, or when you are not yet pre-approved. Those are concrete reasons with an end date, which is what separates them from waiting on a forecast.

Calgary Answers · Buying · Timing

Should I Waitfor prices to fall?

Nobody can tell you where prices go. What can be worked out honestly is what waiting costs you either way — which is the question that actually decides it.

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The forecast is not available

We will not give you one, and be wary of anyone who does. What we publish instead is what the market is actually doing now, refreshed with every CREB® release — direction, supply, and how differently the segments behave. Current direction → · Where the market sits →

The useful question is not whether prices will fall. It is what happens to you in each case.

What waiting actually costs

Rent paid meanwhile buys nothing and cannot be recovered. The clearest cost, and the one most often left out of the comparison.
Borrowing conditions move independently of prices. A lower purchase price at a higher cost of borrowing can produce a larger monthly payment than the deal you passed on. The two rarely move in your favour at the same moment.
Selection is not constant. Waiting on price means waiting through every listing that would have suited you. Supply in a specific segment — bedroom count, a garage, one side of the city — can stay thin for a long stretch.
Competition returns quickly. Softer conditions bring buyers off the sidelines, so whoever waits for confirmation that the bottom has passed buys in a crowd.

Waiting is not a neutral act with no cost. It is a position, and it carries a price whether or not the market moves.

When waiting is the right call

There are good reasons to wait. None of them is a forecast.

Your down payment is not where you want it, and another year materially changes what you can buy or what it costs to borrow.
Your work or household situation is unsettled. Transaction costs make a short hold expensive in any market.
You have not decided where you want to live. Working that out →
You are not pre-approved, so you are shopping without knowing what you are shopping for.

Those are answerable, and worth the delay. Whether the market drops is neither. Renting versus buying →

Should I Waitfor prices to fall?

The forecast is not available

What waiting actually costs

When waiting is the right call

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