The post will compare CMHC 2008 housing forecasts taken at different times in their Housing Outlook reports. The forecast is for yearly totals for sales and listings and yearly averages for prices.
| CMHC Forecasts for Edmonton 2008 |
| Resale | Spring 2007 | Fall 2007 | Spring 2008 |
| Sales | 22,600 | 20,000 | 18,500 |
| Listings | 29,000 | 29,000 | 43,000 |
| Price | $374,000 | $360,000 | $350,000 |
| CMHC Forecast for Calgary 2008 |
| Resale | Spring 2007 | Fall 2007 | Spring 2008 |
| Sales | 33,250 | 31,700 | 26,000 |
| Listings | 57,750 | 57,750 | 62,000 |
| Price | $473,000 | $450,000 | $429,000 |
| 2008 Actual Prices |
| Month | Edmonton | Calgary |
| January | $332,051 | $408,672 |
| February | $338,347 | $415,017 |
| March | $343,760 | $419,396 |
| April | $336,931 | $414,006 |
| May | $340,499 | $418,881 |
| June | $341,376 | $418,866 |
| July | $335,100 | $413,738 |
These forecast have been lowered a couple times and it they will still be overly optimistic compared to what has occurred so far this year.
7 comments:
Edmonton resale housing market not “plunging” say REALTORS®
special aug ereb report
CMHC forecasting near worthless
"near"?
->
Let me rephrase that.....
CMHC forecasting is useless.
LOL
the ereb report is miss printed
the correction
" Edmonton resale housing market
near " plunging .....
And who gives out the CMHC forecasts ?
"Liar" Sing Louie.....
REIN parasites
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