register | confirm account | forgot password
Karen Jardine
CIR Realty
#100 707 10 Ave SW, Calgary, Alberta
P: 403-874-2712  F: 403-000-0000
Photo and business card details widget
Karen Jardine
Agent Photo
Email MeEmail:
Latest Blog Button
Button advertising your blog
MLS® Search Button
Button advertising your MLS® Search page
Map-based MLS® Search

Monday, October 20, 2008 - CMHC Forecasting

We had a presenter from CMHC at our CIR Monday morning meeting to talk to us about Calgary’s real estate & 3 new CHMC products. She also gave us the forecast summary for Calgary that was published in the spring of this year (2008). I think there are some interesting predictions.

CMHC predicts there will be a 2.9% increase in MLS sales in 2009, a decrease by 9.7% of new listings and that the average MLS price will increase by 4.9% in 2009.

CHMC is also forecasting that new home starts of single family homes will increase by 1.8%, though decrease by 57.1% for multiple family homes. They are also saying that new home prices will increase by 2.5% in 2009.

Interested in the Calgary rental market? CMHC noted that October 2008’s average rent for a 2 bedroom in Calgary was $1140 & they predict that to rise ever so slightly to $1150 in 2009. October 2008 vacancy rate was 2.5% & they expect that to rise as well to 3% in 2009. 

CMHC will be having a housing outlook conference in November & I will post their updated predictions as soon as I have them.

posted in Make you Think NEWS at Mon, 20 Oct 2008 22:31:05 +0000

This site's content is the responsibility of Karen Jardine, licensed REALTOR® in the Province of Alberta.
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used under license.
The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.

© 2024, All Rights Reserved | Privacy Policy | Mobile Site | REALTOR® Websites by RealPageMaker