Forget what you've been hearing: CMHC is still forecasting home prices will rise in Calgary

In fact, Canada Mortgage and Housing Corp. says we’re good for the next two years.

 

Mario Toneguzzi takes a look at the latest report out this morning.

 

In it, the CMHC says the average price in the Calgary area will rise from $460,584 in 2014 to $469,000 in 2015 and to $479,000 in 2016.


But sales are expected to fall from 33,615 in 2014 to 32,500 this year and rise to 32,700 in 2016.

CMHC expects housing starts in the Calgary region to drop from 17,131 in 2014 to 13,600 in 2015 and to 12,100 in 2016.

 

The agency predicts similar trends for the province.

For Alberta, the agency forecasts housing starts will decline from 40,590 last year to 36,000 this year and 34,500 in 2016.

 

MLS sales for the province are expected to dip from 71,773 in 2014 to 71,100 in 2015 and then rise slightly to 71,600 in 2016.

 

Average prices are expected to rise in Alberta from $400,590 in 2014 to $407,100 in 2015 and $415,000 in 2016.

 

Original Article from the Calgary Herald February 6, 2015 http://calgaryherald.com/storyline/forget-what-youve-been-hearing-cmhc-is-still-forecasting-home-prices-will-rise-in-calgary

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