Calgary 2012 CREB® Real Estate Forecast

Every year CREB® (Calgary Real Estate Board) has their annual forecast. Here is where they predict in which direction Calgary’s Real Estate will be going. This year the predictions looks quite optimistic, with many gains. Alberta continue’s to lead the way in the Real Estate Market in Canada; due the expected gain in Oil.

Here’s a quick snapshot of the 2012 forecast:

• Single Family Sales – 14,800, up 12%
• Single Family Listings – 24,500, up 1%
• Single Family Average Price – $476,000, up 2%

• Condo Sales- 5,700, up 5%
• Condo Listing – 10,200, up 2%
• Condo Average Price – $292,000, up 2%