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