The hot growth mecca, as Calgary was described by a prediction in Developing Trends in Real Estate 2012, attracts investments and new migrants looking for work. Its stable costs are a chance for consumers in the real estate market, and combined with cost, it provides great living conditions for each Calgarian. The town is confidently growing and enjoys benefits but also faces the Problems that success brings.
The hot expansion mecca, as Calgary was described by a prediction in Developing Trends in Real Estate 2012, pulls investments and new migrants seeking work. Its stable costs are an opportunity for consumers in the estate market, and combined with affordability, it provides great living conditions for each Calgarian. The town is confidently growing and enjoys benefits but also faces the Problems that success brings.
Nov Statistical data
According to a report released by the Calgary Property Board (CREB), Calgary residential sales in Nov grew by 8 per cent over last year. Condo sales increased by 5 %, indicating a growing confidence in the market. Costs stayed roughly flat compared against 2010. The average and median prices of single-family houses were $467,140 and $406,500 respectively.
"Calgary continues to record galvanizing employment growth and long term fundamentals remain strong," Sano Stante, president of CREB, said. "The strength in our economy, mixed with affordability levels that outperform most major centres, may continue to attract migrants to the city and spur further growth in our Calgary housing market."
The prospects of the energy sector in the town are more than just bright, and oil patch middle management know they can afford more. The confidence in Calgary's future supports a luxury home market which has recorded a spike in demand this year. Sales almost matched the record levels of 2007. According to CREB, the highest sale prices for single-family houses were $4.525 million in Rideau Park, $3.995 million in Elbow Park-Glencoe, and $3.8 million in Aspen Woods.
The expansion in the luxury market is everyday for a reinforcing economy, and if the supply is wide and offers fine quality options, it will easily attract even more customers and more investments.
More Control Of the City's Enlargement
As Calgary is quickly expanding, city officers have chosen to take more control of how and where different parts of Calgary should grow. The Calgary Herald wrote that they will create a system to weigh nine growth factors, a kind of guide that council can use when it makes urban planning calls. The factors consists of the capacity of existing infrastructure, community services in place , city-funded costs, access to transit, land supply, readiness to proceed, contiguous growth, developments in design, and access to work centres.
"It's a more clear way of making choices on where we grow and in what sequence we grow," announced David Watson, the general manager of planning development and assessment.
The hot expansion mecca, as Calgary was described by a prediction in Developing Trends in Real Estate 2012, pulls investments and new migrants seeking work. Its stable costs are an opportunity for consumers in the estate market, and combined with affordability, it provides great living conditions for each Calgarian. The town is confidently growing and enjoys benefits but also faces the Problems that success brings.
Nov Statistical data
According to a report released by the Calgary Property Board (CREB), Calgary residential sales in Nov grew by 8 per cent over last year. Condo sales increased by 5 %, indicating a growing confidence in the market. Costs stayed roughly flat compared against 2010. The average and median prices of single-family houses were $467,140 and $406,500 respectively.
"Calgary continues to record galvanizing employment growth and long term fundamentals remain strong," Sano Stante, president of CREB, said. "The strength in our economy, mixed with affordability levels that outperform most major centres, may continue to attract migrants to the city and spur further growth in our Calgary housing market."
The prospects of the energy sector in the town are more than just bright, and oil patch middle management know they can afford more. The confidence in Calgary's future supports a luxury home market which has recorded a spike in demand this year. Sales almost matched the record levels of 2007. According to CREB, the highest sale prices for single-family houses were $4.525 million in Rideau Park, $3.995 million in Elbow Park-Glencoe, and $3.8 million in Aspen Woods.
The expansion in the luxury market is everyday for a reinforcing economy, and if the supply is wide and offers fine quality options, it will easily attract even more customers and more investments.
More Control Of the City's Enlargement
As Calgary is quickly expanding, city officers have chosen to take more control of how and where different parts of Calgary should grow. The Calgary Herald wrote that they will create a system to weigh nine growth factors, a kind of guide that council can use when it makes urban planning calls. The factors consists of the capacity of existing infrastructure, community services in place , city-funded costs, access to transit, land supply, readiness to proceed, contiguous growth, developments in design, and access to work centres.
"It's a more clear way of making choices on where we grow and in what sequence we grow," announced David Watson, the general manager of planning development and assessment.
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