CREB^®’s 2022 housing market forecast for Calgary and surrounding areas is now available!

According to the report, housing market activity in 2022 is expected to moderate relative to record levels of activity in 2021, while remaining stronger than historical levels.

“Despite challenges with COVID-19, we are starting to see a turnaround in our job and migration numbers, and while interest rates are expected to rise, they remain relatively low. All these factors are expected to support strong housing demand into 2022,” said CREB^® Chief Economist Ann-Marie Lurie.

“The biggest question will be whether supply can meet that demand. It will take time for housing to move out of sellers’ market conditions, so we do anticipate prices will continue to rise this year.”

Click here for CREB^®Now’s summary of the 2022 forecast report.

Click here for the full CREB^® 2022 Forecast Calgary and Region Yearly Outlook Report.