Every quarter CMHC produces their Housing Market Outlook for all of Canada and for Major cities like Calgary. It is interesting as it shows not only the state of the market but it contains predictions for the future and an explanation of Why?
Here is a link to the full report for Calgary
The Fall 2016 edition of CMHC’s Housing Market Outlook – Calgary is now available and can be accessed by clicking on the link below.
http://www.cmhc-schl.gc.ca/
Highlight of the report include
- Total housing starts forecast to remain relatively low in 2016 and 2017, before improving in 2018.
- Significant changes in MLS® sales are not expected over the forecast period.
- The purpose-built apartment vacancy rate is expected to stay above historical averages.
Thanks to CMHC for giving u this valuable information.