Think Fast: Calgary’s Fall Housing Market

Calgary’s home sales and prices are already outpacing the forecast for this season, which is leaving homebuyers with less time to make decisions. According to a Global Calgary story, CREB was predicting a 3% rise for fall, but October has already seen a 7% increase thus far. CREB’s president says the fall market is stronger than they’ve seen in about four years, driven by an influx of new Calgarians and a tight rental market. “The low vacancy rate has a big impact,” explains Becky Walters. “Tenants getting the bump in their rent are going, ‘well, if I’m going to pay that, then I’d be willing…