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Calgary's 2019 Housing Market Forecast

Posted by John Mayberry on Saturday, February 9th, 2019 at 12:49pm.

Calgary Housing Market 2019It’s no secret the Calgary housing market faced a number of challenges in 2018. But looking ahead, just what can we expect as we get a little further into 2019? Here’s a closer look at CREB’s 2019 forecast: 

  • Overall sales in Calgary are project to reach 15,882 units. While somewhat comparable to 2018, that sales volume is still well below historical levels. 
  • Re-sale homes will still remain oversupplied thanks to weak economic expectations for the rest of the year. As a result, home prices should fall by around 2.34%. 
  • New supply is expected to slow in 2019, which should help slow inventory gains towards the end of the year. 
  • For the most part, the market should keep moving further towards a balanced market; but it will likely take the entire year to reach that point. 

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