Calgary’s Real Estate Market Forecast of 2023

Calgary

2022/12/08

Calgary's Real Estate market expected to favour sellers in 2023. The avg cost of a house in Calgary is expected to come in at $703K, ↑ from $658K in early-Q4 2022. Single-detached homes expected to drive the majority of sales next year as buyers look for more space. The avg residential sale price in Calgary is anticipated to ↑ 7% in 2023. Inventory is anticipated to remain low in Q1, before steadily increasing through Q3 and finally sloping down in Q4 2023.