Here’s a look at the forecasts for sales and prices of recreational properties in Alberta
Alberta recreational real estate is expected to continue to be a hot commodity through 2021, building on momentum from last year, a new report forecasts.
Alberta recreational real estate is expected to continue to be a hot commodity through 2021, building on momentum from last year, a new report forecasts.
There’s a ton of cash to be made in real estate and with the Canadian market booming, there’s no better place to invest. Real estate has always been a tried and true way of diversifying an investment portfolio, but with such large sums of money involved, you shouldn’t go in blind.
The average detached resale house price in Toronto and Vancouver in February was $1.4-million and $1.6-million, respectively. In Calgary it was $485k. Considering remote work, affordability and life quality, Calgary becomes a very attractive hub.
Calgary’s real estate market ranked only behind Vancouver and the Fraser Valley nationally by sales growth last month. Sales rose by 54 per cent in February, year over year, the highest level in 12 years for Calgary, an RBC Economics report shows.
https://calgaryherald.com/life/homes/calgary-among-hottest-markets-for-sales-growth
The Calgary Real Estate Board says the continued rollout of COVID-19 vaccines and low mortgage rates led to a spike in home sales and prices in February.
Trends that dominated 2020 during the pandemic will continue to be tailwinds for real estate growth in the Calgary market in 2021, a new report suggests.
The nation’s households reported a surge in confidence in the final weeks of 2020 that has brought sentiment back to pre-pandemic levels for the first time since the economy crashed last year, according to polling by Bloomberg News and Nanos Research Group.
The novel coronavirus pandemic that caused upheaval in the work and home lives of Canadians in 2020 will continue to shape the real estate landscape in Toronto and many parts of Ontario in 2021.
Stage 1 of the Green Line, from 16 Avenue North to Shepard in the southeast, will be constructed in three segments:. Earlier in Tuesday’s debate, Farkas asked to delay the Green Line decision to allow Calgarians to vote in a plebiscite next year, saying a decision of this magnitude needs citizens’ explicit approval.
https://www.cbc.ca/news/canada/calgary/green-line-vote-1.5615066
Sales in Calgary’s resale housing market in May bounced back from historic declines in April, but remain well below the level achieved in May 2019, according to the Calgary Real Estate Board (CREB). Last month, home sales reached 1,080 units, almost twice as many as the 573 homes sold in April, which was a 63 per cent decline from April 2019.