Calgary Real Estate Forecast for 2015
Calgary Real Estate Sales Expected To Drop With Stabilized Prices
CALGARY REAL ESTATE NEWS - The Calgary Real Estate Board (CREB® ) released its Calgary real estate forecast for 2015 (PDF available for download), and the results are a bit of a mixed bag. While housing sales are expected to drop off a bit in 2015, the forecast predicts that prices will remain relatively stable. As a result of the drop in sales, the Calgary real estate market is likely to experience more balanced conditions. There are, however, a number of risk factors that could have an impact on the Calgary housing market in 2015. For complete listings of homes and condos for sale, be sure to visit the MLS® Calgary page.
Houses For Sale In Calgary Will Increase In Price 1.58%
While there are a number of factors impacting the Calgary Real Estate Board forecast, the main variables in their 2015 Calgary real estate predictionsinclude uncertainty within the Calgary real estate market coupled with changes to the economic climate. As such, the report predicts that Calgary housing sales will fall by four percent while prices will see a modest increase of just 1.58 percent. Unemployment levels and net migration, however, are both difficult to predict, and both factors could have a significant impact on the Calgary real estate market this year. Energy prices will also have an impact on consumer confidence, particularly if prices remain low. Low prices could cause some consumers to begin worrying about job stability, which could cause them to delay buying houses for sale in Calgary.
Calgary Real Estate Market Sales and Price Growth
Calgary Real Estate Market In 2015: More Options For Buyers
Even if housing sales experience a bit of a drop next year, the Calgary real estate market will still be on an overall upward trend. With sales going up by nearly 15 percent last year, the market remains consistent with long-term levels. Furthermore, the real estate market is still far more stable than it was in 2009 after the U.S. recession. Overall, economic indicators continue to remain positive, which means the same pullback experienced in 2009 is not likely to occur again.
Inventory levels are also expected to increase within the Calgary real estate market in 2015, thereby providing consumers with more options within a greater number of price points. As such, the property type, location and price range will all have a significant impact on housing activity within various sectors. Last year, for example, the lack of lower-priced detached homes within city limits caused many consumers to look at attached and apartment sectors. Yet others chose to purchase Calgary housing in surrounding areas, such as Airdrie Meadows, Chestermere, Cochrane and Okotkoks.
Calgary Months of Supply and Price Changes followed by Calgary Annual Sales and Price Growth Forecast
With more Calgary homes available on the market, buyers will not only have more options to choose from, but they may also see lower prices in some markets. Furthermore, sellers may also see their homes on the market for a longer period of time before they are sold in 2015 than they did in 2014.
Here are past CREB® Calgary real estate forecasts from 2013 and 2014
If you’re curious about past CREB® Calgary real estate outlooks, here are some previous forecast information via videos from the Calgary Real Estate Board Youtube page.
CREB® Mid-year Calgary real estate forecast in 2014
CREB® industry update and Calgary real estate forecast in 2013
Buying and Selling Calgary Real Estate
If your ooking to buy a home or condo in Calgary, view the latest Calgary real estate listings in addition to the Calgary MLS. Virtual walkthroughs of houses and condos for sale in Calgary. As an award winning Calgary real estate agent with over 18 years of experience and fantastic results for my clients, I’m here to help you find your dream home. If you’re looking to sell your home in the Calgary housing market, feel free to contact me as I can assist you with that as well.
I have a proven track record of successfully selling Calgary Real Estate. I have obtained many awards within the RE/MAX brand as shown below. I have been recognized in the top 100 agents with RE/MAX in Canada as well as the top RE/MAX Agents in Western Canada. As you can see if you choose to work with me, you will be working with one of the best Calgary real estate agents.
Calgary REALTOR® Crystal Tost has been awarded the RE/MAX Diamond Club Award!
What is a RE/MAX Diamond Club Award? This is a Hall of Fame Award given to a RE/MAX REALTOR® who has earned in excess a substantial amount in commissions from selling Real Estate.
To receive the prestigious RE/MAX Lifetime Achievement Award, a RE/MAX REALTOR® must achieve all the criteria below:
- Earned in excess of $3 Million in paid commissions within the RE/MAX System.
- Completed 7 years of service with RE/MAX.
- Attained the RE/MAX Diamond Club Hall of Fame Award.
Crystal’s dedication to successfully help her clients in Calgary real estate has given way to her winning numerous awards you see above. Crystal Tost looks forward to achieving many more milestones in her real estate career successfully helping her clients and looking out for their best interests.