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Calgary Housing Market Positive For Next Two Years

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Record net migration and the gains in employment over the last couple of years will contribute to increasing sales and prices for the Calgary region’s housing market in 2014 and 2015, says a new report by Canada Mortgage and Housing Corp.

The Calgary region has experienced strong net migration in the last couple of years with 31,996 in 2012 and 45,168 in 2013. This year, migration is forecast to reach 33,400 and 28,500 in 2015.

Migration, along with other factors such as rising incomes and employment growth, has been a key contributor to the uptick in housing demand that Calgary has been experiencing.

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