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CMHC predicts resale housing price and sales increases through 2013

CMHC reported today that resale housing prices and unit sales will increase through 2013.

In Alberta’s resale market, MLS® sales will increase by 11 per cent to 59,800 units in 2012. In 2013, resale transactions in Alberta are forecast to increase to 61,000 units. MLS® sales in Alberta will rise this year and next year, as employment and income growth provide the means to purchase.

With a transition to balanced market conditions unfolding, expect price growth to increase over the forecast period. The average resale price in Alberta is projected to rise by 2.5 per cent in 2012 to $362,200, and nearly three per cent to $372,300 in 2013. Both of Alberta’s largest markets, Calgary and Edmonton, have experienced improved market balance this year.

 

CMHC_2012_Q03.pdfView this on Posterous

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