In a recent article on the site, Alberta Central Chief Economist Charles St-Arnaud noted that he, like many other national economists, predicts a decline in the housing market in 2023.

He noted that the biggest determinant is whether inflation will be tamed by the rising interest rates as a reduction in inflation will mean a reduction (or maintenance) of interest rates.

Charles St-Arnaud, Chief Economist for Alberta Central, maintained that “inflation is likely to remain sticky,” which is why reaching the target for inflation likely won’t be achieved until next year, or later.

To read the full article, click here.

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