CREB 2012 Forecast

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.

Forecast snapshot (click to enlarge image)

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:

2 responses to “CREB 2012 Forecast

  1. Pingback: CREB Revises 2012 Calgary Real Estate Forecast | Calgary Real Estate Review

  2. Pingback: Calgary Home Prices & Sales Increased In 2012 | Calgary Real Estate Review

Please feel free to post your comment or question

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s