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RE/MAX Canada recently released their 2015 Housing Outlook report, and as 2014 nears a close, it's time to look at what the real estate market might bring in the new year. Here are some of the highlights from the report: 

 

  • The lowering energy sector is expected to have an impact on the 2015 real estate market. There is still expected to be a slight price appreciation next hear in housing, but most buyers will likely wait for more favourable prices before home buying. 
  • RE/MAX is predicting 2015 to be a more balanced real estate market for both buyers and sellers. 
  • Oil prices and dollar value are expected to have the biggest impact on housing prices in 2015. 
  • Calgary is expected to have a 4% increase in unit sales in 2015. 
  • Calgary's average home sale price is expected to increase to $497,500. 
  • Condominiums and townhomes are expected to have the biggest growing share in the real estate market in 2015 in Calgary. 

If you're looking to buy or sell a home in the next few months, please feel free to send me any of your questions regarding the marketplace. To read the full market report from RE/MAX Canada here

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Data supplied by CREB®’s MLS ® System. CREB® is the owner of the copyright in its MLS® System. The Listing data is deemed reliable but is not guaranteed accurate by CREB®.
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.
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