Economic challenges to affect Calgary’s housing market in 2019 (CREB Report)

January 30th, 2019

The challenging economic climate in Calgary is expected to persist into 2019.

Easing global oil prices, concerns regarding market access and easing investment activity are weighing on the energy sector and are expected to slow growth prospects in the province this year.

"Slowing growth, weak job prospects and lack of confidence are all factors that are contributing to the expected easing in ...

Job market weakness and lending restrictions a common thread in 2018’s housing market (CREB Report)

January 2nd, 2019

As oversupply continues in Calgary’s housing market, December prices eased by one per cent compared to last month and are over three per cent below last December. 

“Persistent weakness in the job market and changes in the lending market impacted sales activity in the resale market this year,” said CREB® chief economist Ann-Marie Lurie.

“This contributed to elevated supply in the resale mark ...