ATB publishes a quarterly economic forecast focused on the province of Alberta and highlights the key issues and trends in the provincial economy
This forecast will help guide Calgary real estate investors and give them confidence that there is more upside than downside in the current market. However, investors must be mindful of the downside risks and what conditions they could come about and what their magnitude would be
The reasons to be optimistic are:
Non-energy capital investment - is trending up and has eclipsed energy capital investment for the better part of a decade
Energy production - at record production with no signs of abating
Monetary policy - monetary policy will have to continue to support a struggling Canadian economy. Coupled with a resurgent energy industry with a change in federal government, Calgary real estate is poised for another boom
The reason to be cautious is:
Net migration - slowing due to affordability challenges in Calgary appears
The ‘jury is still out’ reason is:
Energy capital investment - LNG represents a massive opportunity but only if the regulatory environment is accommodating. A change in federal government will do much to achieve that but is a year or two off
I’m still bullish on the Calgary real estate market in 2025 and will continue to be in acquisition mode. The upsides significantly outweigh the downsides.
I provide more commentary on my Instagram page (kampsrealty).
