Calgary’s housing market is expected to show signs of stability in 2017. City-wide sales are forecasted to total 18,335 units, a three per cent gain over 2016, but 12 per cent below long-term averages. This will help reduce supply levels and support some price stability in the second half of the year. [CREB]

Some of the other highlights I found via Twitter are as follows:

• Have mortgage lenders changed the way they do business? McDowell: “Yes, they’re looking much more at incomes” @CREBnow
• “We could see further (price) adjustments in 2017” says Lurie. Certain segments of detached market could see adjustments as well @CREBnow
• Lower Canadian dollar will also help with employment says Rothrock. @CREBnow
• Audience Q: How will lenders react in 2017? McDowell: “As long as buyers have down payment and a little bit of fallback” they’re ok @CREBnow
• More people will be looking at apartments in 2017 as a result of new mortgage rules says McDowell @CREBnow

You can catch up on the top tweets with #CREB17, or read the entire CREB 2017 Forecast report online here.