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Calgary’s real estate market poised to turn the corner in 2012

Blog by Julie Dempsey | January 4th, 2012

CALGARY — Calgary’s residential real estate market is poised to turn the corner as 2012 will signal increasing demand for housing in the city, says the president of the Calgary Real Estate Board.

“I believe it’s imminent that we’ll start to see the result of all those economic indicators come to fruition and hit the ground, get traction this coming year. It’s got to happen,” said Sano Stante in a year-end 2011 interview.

All those positive economic indicators include strong economic growth, increased net migration and continued employment growth for both the city and the province.

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