While there is no way to know the future of any industry with complete certainty, many groups still do their best to predict how the real estate market will unfold in the new year. According to a real estate forecast from Calgary Real Estate Board, 2018 is expected to look much like the year prior in the Alberta City. That said, new laws and economic changes could have some influence on residential real estate pricing.
Downward pressure is expected on residential real estate pricing due to stricter lending criteria introduced in Jan. 2018. The Calgary Real Estate Board expects this to be offset by the upward momentum seen in Alberta as it continues to recover from the economic recession. Between these two factors, the forecast predicts a plateau in 2018 that will result in neither a major increase nor decrease in house sales.