According to a recent Calgary Herald article – and the signs we've been noting during the past few months – a turnaround is anticipated in the 2012 Calgary housing market. It's becoming, and is anticipated to remain – very much a buyers market in the new year.
In the Herald article, Richard Cho, senior market analyst for Canada Mortgage and Housing Corporation, discussed CHMC's outlook for October to December. Cho notes that, “Demand for housing is expected to increase again in 2012 as the economy expands, creating jobs and attracting more people to the region.”
Calgary Economy Supports Growth
Reporting on his analysis of Calgary real estate availability through August of this year, Cho notes that many factors have remained or become favourable for…