IS THE HOT MARKET COOLING? // REAL ESTATE
IS THE HOT MARKET COOLING? TIGHT MARKET CONDITIONS CONTINUE
BY JOHN HARDY
T
he rollercoaster of Calgary’s hot real estate market may not be plunging, but definitely shows signs of cooling down.
The cool-down is not as sudden or sharp as in some other markets like Vancouver and Toronto, but although the rest of 2022 and potentially 2023 Calgary real estate looks
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AUGUST 2022 // BUSINESS IN CALGARY // BUSINESSINCALGARY.COM
stable and encouraging, there is a gradual Calgary cooldown happening. As tracked by the recent Desjardins Economics Canadian Residential Real Estate Outlook, the two speed-bumped years of the pandemic fuelled demand and Canada had world-leading price gains, but that has also begun to cool,
