Calgary’s Real Estate Forecast 2020 – A Summary

  • A new normal in the market: supply adjusting to slower sales activity, providing conditions that are more supportive to a stable price environment.
  • Market improvements are expected to be driven by gains for lower priced product, while easing prices and oversupply persist in the upper price ranges.
  • Supply adjustments are expected to continue, helping to eventually push the market toward balanced conditions.
  • Prices are expected to stabilize over the year, but remain just slightly lower than last year’s annual levels.
  • Stable mortgage rates, previous price declines and job growth should support modest improvements in sales, but these will remain at lower levels.
  • Employment risk weighs on the market, which could result in further declines in sales and prices.
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