According to Ann-Marie Lurie, Chief Economist for CREB® (The Calgary Real Estate Board) the challenging economic climate in Calgary is expected to persist into 2019.
“Slowing growth, weak job prospects and lack of confidence are all factors that are contributing to the expected easing in sales activity this year,” said Lurie. “At the same time, our market continues to struggle with high inventory levels and further potential rate hikes, all of which is expected to cause additional price declines this year.”
To view the entire press release for the Calgary Forecast, please click here or view the entire report by clicking below.
To listen to the audio version of the forecast, click here