TD: Calgary, A Lone Shining Star In Western Canada’s Housing Market

TD Economics has a new quarterly feature called “Metro Beat” where they  review metro economic trends.

The bank referred to Calgary’s situation as “ideal” in comparison to other western cities since it was:

  • the only one among its peers to register positive sales growth in 2012, at 14.3%.
  • benefiting from a double digit increase in new housing starts (+38.2%), a sharp rebound from 2011.
  • seeing increased residential building permits in the region, signalling more projects to come over the near term.

In TD’s price forecast, only Calgary & Edmonton are expected to see a price increase in 2014, although sales are predicted to edge lower.

You can download the entire Metro Beat here

Source: TD (click to enlarge image)

Source: TD (click to enlarge image)

Source: TD

Source: TD Economics

Source: TD Economics

Source: TD Economics

2 responses to “TD: Calgary, A Lone Shining Star In Western Canada’s Housing Market

  1. The bottom chart I have posted (Stability in Calgary, Fragility In Vancouver) would look a lot different if TD used the same scale/increments for both of the cities.

  2. Great article! The title is a little cheesy but overall, something definitely worth reading if you’re invested in housing.

    Hehe, it’s a good thing I don’t get paid to write headlines then 🙂
    -Mike Fotiou

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