CREB 2018 Calgary housing and economic outlook.
Are you wondering how the coming year will impact Calgary housing? There are so many changes in the wind – interest rates are supposed to increase 75 basis points in 2018, the new stress test is now being used to determine affordability, the oil price is stabilising (though the discount remains high) and the economy is providing diversified growth. How will these work out? The CREB has taken on the task of figuring it out for us and it is a great read. I encourage you to look at it.
To summarize their findings: The situation remains fragile and is still fairly unpredictable but the conclusion is that, barring an unprecedented event, there should be a steady improvement.