Calgary real estate market sizzles as newcomers flock to Alberta

  • 📰 TorontoStar
  • ⏱ Reading Time:
  • 55 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 25%
  • Publisher: 55%

Brasil Notícia Notícia

Brasil Últimas Notícias,Brasil Manchetes

CALGARY - As the curtain rises on the 10-day extravaganza that is the famed Calgary Stampede, homebuyers are also stampeding to snap up real estate in...

CALGARY - As the curtain rises on the 10-day extravaganza that is the famed Calgary Stampede, homebuyers are also stampeding to snap up real estate in Alberta’s largest city.

The frenzy in Calgary — the city set an all-time record for home sales in June, up 11 per cent year-over-year, with apartment sales alone up an eye-popping 48 per cent — flies in the face of what’s happening nationally. The average selling price of a home in Calgary last month increased by almost seven per cent from a year earlier to $552,273, according to the Calgary Real Estate Board.

Unlike Toronto and Vancouver, whose overheated housing markets have been a topic of national conversation in recent years, Calgary is coming out of a years-long slump that began with the oil price crash of 2015. People are also flocking to the province, in particular the city. Statistics Canada says Alberta saw the largest net interprovincial migration of all the provinces during the first three months of the year, with more than 15,000 people arriving from other parts of the country — in particular, Ontario, B.C. and Saskatchewan.“A lot of that growth coming into Alberta is funnelling into Calgary. Calgary’s market is performing more than other markets ,” Lurie said.

 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 60. in BR

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Closeout sale at movie prop company helps Calgarians create ‘new kind of Stampede’ - Calgary | Globalnews.caBleeding Art Industries, a Calgary company that provides props and other items for movie and TV productions, is holding a closeout sale as it shuts down.
Fonte: GlobalCalgary - 🏆 50. / 61 Consulte Mais informação »