An increase in Alberta’s GDP next year is welcome, but the labour market outlook in the province is not quite so certain.
TD Economics said employment, which will grow by five per cent this year, will decelerate, climbing by less than one per cent in 2023.Article content
Prices for Alberta homes, which have been affected recently by rising mortgage costs, are forecast to drop by 5.6 per cent next year, about half of the national decline forecasted by the study. “We’re not expected to see the same level of pullback” as in other markets, said Ann-Marie Lurie, chief economist at the Calgary Real Estate Board.Article content
In Calgary, the benchmark housing price reached a new high of $546,000 in May, before dropping in the second half of the year, averaging $520,200 last month.Azin Ghaffari/PostmediaBetween July and the end of September, the province saw the fastest three-month growth rate from
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