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CREB® forecasts downward pressure on prices in 2016

January 13th, 2016

CREB® forecasts downward pressure on prices in 2016


With no economic change on the horizon, demand for housing in Calgary will be weak in 2016, as sales activity is expected to fall by 2.2 per cent to 18,416 units, CREB® said today in its annual forecast. The annualized benchmark price is expected to decline by 3.44 per cent to $438,652.

Weak demand and supply gains are exp ...