A much more conservative forecast compared to last year was released today by the Calgary Real Estate Board. CREB predicts single family home sales will see a 12.2% increase in 2012. Meanwhile, the average price is forecast to rise just 2.05% y/y, which means it would be falling behind the current rate of inflation.
Condominium sales growth is expected to reach +5.9%, while the average price is to rise +1.68%.
Town sales and prices are expected to remain relatively flat, up 3.6% and 0.3% respectively.
You can read the forecast in its entirety below: