How's the Calgary Market? January 2020 RE/MAX Housing Outlook

Posted by Jeff Mikolajow on Friday, January 10th, 2020 at 5:51pm

For 2020, RE/MAX projects that Calgary will continue to be a buyer's market due to Alberta's economy and higher unemployment rate. Overall housing affordability remains - compared to other major cities - low, as low priced condos allow buyers to enter the housing market. Average home prices are not expected to change from 2019 with the average detached single family home remaining at $460,532.

Calgary's luxury home market in 2020 will be driven by move-up buyers and foreign buyers although the population will increase mostly with newcomers arriving from other parts of Alberta. Condos will continue to be attractive to first time buyers and younger families as inventory increases of quality units under $300,000.

Want to talk more about the Calgary real estate market? If you're considering a move in 2020, call/text Jeff Mikolajow of RE/MAX First 403-852-4222 to discuss the best strategy to achieve your real estate goals.

8039 Fairmount Drive Calgary Jeff Mikolajow Shirley Mikolajow For Sale

34 Willow Park Gr Se, Calgary
  • Detached
  • 5 Beds
  • 3 Baths
  • 2,776 SqFt

34 Willow Park Gr Se, Calgary

$1,000,000 ↓ $75,000
352 Sun Valley Dr Se, Calgary
  • Detached
  • 4 Beds
  • 3 Baths
  • 2,201 SqFt

352 Sun Valley Dr Se, Calgary

$619,500
7123 Bow Cr Nw, Calgary
  • Detached
  • 3 Beds
  • 2 Baths
  • 737 SqFt

7123 Bow Cr Nw, Calgary

$599,900 ↓ $38,100

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The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used under license. 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.

Listing information last updated on February 21st, 2020 at 4:45pm MST.

The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used under license. 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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