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canadian housing market 2022

House prices are on the rise in Calgary and next year, buyers might need to fork out over $700,000 to buy a home in the city.

According to the latest forecast from real estate company Royal LePage, house prices are unlikely to fall in Calgary in 2023. In fact, they're actually predicted to rise by 1.5% in the fourth quarter of 2023, compared with current prices.

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If you're looking to buy a home in Canada, new research about how long it takes to save for a down payment may be a bit disheartening.

Generation Squeeze has released a report shedding light on how many years of full-time work a typical young Canadian would need to afford a 20% down payment on a home, and the numbers are probably as bad as you think.

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If you're looking into the prospect of buying your own home in Alberta anytime soon, a new report is exploring the gap between earnings and average home prices — and it's not great news.

On the upside though, Albertans still have it better than people in Toronto!

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If you're looking to buy a house in 2023, it might be good to do it sooner rather than later as house prices are set to increase in parts of Alberta next year.

According to RE/MAX's 2023 Canadian Housing Market Outlook Report, Alberta home prices are set to get more expensive in 2023, with average sale prices increasing in both Calgary and Edmonton.

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The views expressed in this Opinion article are the author’s own and do not necessarily reflect the views of Narcity Media.

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