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2021 Calgary Real Estate Projections: What You Can Expect in the Rental & Housing Market

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2021 Calgary Real Estate Projections: What You Can Expect in the Rental & Housing Market

As the pandemic progresses, we’re seeing changes in the housing market within the City of Calgary. The Canada Mortgage and Housing Corporation last recorded vacancy rates in October 2019, which were reported at 3.7%. However, due to the impacts of COVID-19, the negative long-term outlook towards a carbon based economy and the boom of purpose built apartment development we project a rise of rental vacancy rates. As a result of the increasing vacancy rates, we are projecting a decrease in the overall value of  the housing market over the long-term. 

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