Blog by Cher Ewing

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CREB economic outlook and regional housing forecast 2015

Don't worry!  Prices to remain stable (annual increase 1.58%), sales to slow somewhat.  An exerpt from the Calgary Real Estate Boards economic outlook and regional housing forecast.   "Concerns regarding the energy sector, along with slowing migration levels and employment growth, are expected to cause a pullback in housing demand in 2015, but not to the levels seen in 2010.  Meanwhile, despite a decline in sales, prices are expected to remain relatively stable as supply levels in the housing market are lower than levels seen during the previous energy sector pullback."