Calgary: Housing demand is expected to remain strong, with sales forecasted to exceed 26,000 units, over 20% higher than long-term trends. Prices are predicted to rise by about 3% annually, with the average house price reaching around $810,0001.
Airdrie: Similar to Calgary, Airdrie’s housing demand is projected to stay above long-term trends due to population and employment gains, easing lending rates, and better supply options. However, growth in resale activity may be limited by slowing migration and increased competition from new home construction.
Cochrane: Cochrane’s housing market is also expected to see continued demand, with benchmark prices rising nearly 9% annually. The detached benchmark price is projected to average around $664,625, marking strong growth for the fourth consecutive year.
Overall, while all three areas are expected to experience strong housing demand, factors like economic uncertainty and migration trends may influence market dynamics.
(Stats provided by CREB®)
Rene Simpson | Realtor ® / Real Estate Associate
Legacy Real Estate Services
Renesimpson.realtor@gmail.com
renesimpsonrealty.ca
