Posted 1/24/2024, 3:32:18 AM
Calgary Housing Prices Forecast to Grow 6.5% in 2024 Amid Ongoing Supply Shortages
- Calgary housing market to remain competitive in 2024 as demand continues to exceed supply, predicts 6.5% price growth
- Tight resale and rental markets drove record housing starts in 2023, but supply impact will take time
- Migration expected to slow in 2024 but remain strong enough to sustain sales
- Affordability issues persist, especially for lower-income renters
- Calgary prices grew 6% in 2023 and will outpace Edmonton’s again in 2024 due to tighter supply