Considered a market to watch in 2022, the city of Calgary has largely benefited from an influx of prospective out-of-province buyers over the last two calendar years.
“Concerns over inflation and rising lending rates likely created more urgency with buyers over the past few months.
“Overall, the 2021 benchmark price rose by more than eight per cent compared to last year for a total of $451,567, just shy of the annual record high set back in 2015,” says CREB.
Recently, PwC released its 2022 Canadian Real Estate Forecast.
With an influx in demand expected, average prices in the prairie city are also expected to creep upwards.
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