A report by TD Economics shows that Calgary's real estate market will outperform the rest of the country, due to our long-run rate of return.
It's a stark comparison to the picture they painted for the rest of the country:
"Canada is expected to embark on a gradual, modest, downward housing market adjustment over the next three years with a “measly” two per cent annual price gain over the next decade, says a study released Monday by TD Economics."
With homes being the largest financial asset that many Canadians have, this housing prediction could have many worried. However, we have nothing to worry about here. Calgary's real estate market is strong this year, and migration is expected to continue to push growth.
So far this month, MLS sales are up 4.6% from last year, and prices are up 9.2% from last year as well.