Vote of Confidence
CREA has confirmed this week what we've long suspected here at Roland J. Darel Realty: Alberta and Calgary are leading Canada for growth in home resales, with an astonishing 13% growth in sales over last year and further growth projected for next year. This comes at a time when total sales for the rest of Canada fell this year, and are expected to drop even more next year.
What's more is that the Real Estate Investment Network in Canada has named Calgary their top investment city from 2013 all the way through to 2016. Quite a vote of confidence! Just one of the reasons why I love being a Calgary and Okotoks Realtor® so much.
Is now the time to make your move on some Calgary and Okotoks realty?
Of course, the other thing we've long suspected, just everyone else in this province has, is that these above average sales figures are driven by Alberta's above average economic performance. High employment numbers and high wages translate into more people purchasing homes. Those same employment numbers also attract workers from all over, driving demand for housing in Calgary up and driving vacancy numbers down . These factors send the prices of homes higher and higher, with the second highest price growth in Canada, even as nationally, the prices of homes drop.
So, it would seem that this is the time to make a move. The economic fundamentals that Calgary's housing boom is based on aren't changing any time soon. With a market this hot, it pays to get in near the ground floor. Get in touch, and I can show the way to the elevator. Going up!
You can read more on this story at the Calgary Herald.