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Stories Tagged - in migration
News
July 18, 2018 | Mario Toneguzzi
Alberta bound
Net migration figures point to housing market bounce backIt's been a challenging year for Calgary's resale housing market, which is still feeling the effects of two recession years in 2015 and 2016.
While the economy has rebounded, it has been at a slow pace, and this has been evident in the real estate industry. As of the end of June, year-to-date MLS® System sales in the resale market totalled 8,553 units, down 17.1 per cent in the city compared with the same period a year ago.
News
July 21, 2016 | Cailynn Klingbeil
55 Years of Real Estate: 2006 CREB® Past President Kevin Clark
Former CREB® president Kevin Clark recalls robust activity in 2006 created new set of challenges
To an outsider today, 2006 was an enviable year for real estate in Calgary. Nine to 10 offers on a house was commonplace, sales activity hit an all-time high with 26,975 transactions and prices skyrocketed year over year by more than 40 per cent to $336,408.
But for Kevin Clark, who was CREB® president that year, he doesn't long for those days.
Clark describes the market in 2006 as volatile. He recalls Calgary's housing industry that year as one overrun with inventory fluctuations that came with their own set of challenges.
To an outsider today, 2006 was an enviable year for real estate in Calgary. Nine to 10 offers on a house was commonplace, sales activity hit an all-time high with 26,975 transactions and prices skyrocketed year over year by more than 40 per cent to $336,408.
But for Kevin Clark, who was CREB® president that year, he doesn't long for those days.
Clark describes the market in 2006 as volatile. He recalls Calgary's housing industry that year as one overrun with inventory fluctuations that came with their own set of challenges.
News
Nov. 26, 2015 | Cody Stuart
Five things about CMHC's housing outlook
Yearly update on the local and national housing markets
Canada Mortgage and Housing Corp. (CMHC) has issued its outlook on the local and national housing markets. Detailing several factors impacting Canada's housing market -- both new and resale - CMHC's numbers provide a basis for what to expect heading into the remainder of 2015 into 2016 and beyond.
To help provide a little more understanding, CREB®Now digs a little deeper into CMHC's Outlook.
Canada Mortgage and Housing Corp. (CMHC) has issued its outlook on the local and national housing markets. Detailing several factors impacting Canada's housing market -- both new and resale - CMHC's numbers provide a basis for what to expect heading into the remainder of 2015 into 2016 and beyond.
To help provide a little more understanding, CREB®Now digs a little deeper into CMHC's Outlook.
News
Aug. 06, 2015 | Shelley Boettcher
Migration to moderate
Housing demand expected to weaken
Mike Dunn moved to Calgary from Edmonton in July. He'd been thinking for a while about relocating, but when a friend offered him an affordable place to stay, he decided to take the plunge.
"It was like walking into a hurricane, to land here during Stampede, but it was good," he said with a laugh. "It seems like a place where if you work hard, you can pull off a decent living."
Dunn's not the first to switch area codes – and he won't be the last.
But he does represent a smaller number, as net migration — the difference between the number of people who have moved to Calgary, compared to the number who have moved away from the city — is at its lowest since 2011.
Mike Dunn moved to Calgary from Edmonton in July. He'd been thinking for a while about relocating, but when a friend offered him an affordable place to stay, he decided to take the plunge.
"It was like walking into a hurricane, to land here during Stampede, but it was good," he said with a laugh. "It seems like a place where if you work hard, you can pull off a decent living."
Dunn's not the first to switch area codes – and he won't be the last.
But he does represent a smaller number, as net migration — the difference between the number of people who have moved to Calgary, compared to the number who have moved away from the city — is at its lowest since 2011.
News
Jan. 13, 2015 | CREBNow
In-migration easing
After record setting few years, migrants to Calgary expected to decrease in 2015
After consecutive years of record setting net migration, the number of Canadians making their way to Calgary is expected to ease over the next while.
CREB® chief economist Ann-Marie Lurie said a pullback in in-migration is expected in part due to record setting numbers set in the past few years.
"[2012 and 2013] were extremely strong; we had over 40,000 migrants into the Calgary CMA, so not just the city of Calgary, but surrounding areas. That's a very strong number, that is more than double typical levels," she said.
After consecutive years of record setting net migration, the number of Canadians making their way to Calgary is expected to ease over the next while.
CREB® chief economist Ann-Marie Lurie said a pullback in in-migration is expected in part due to record setting numbers set in the past few years.
"[2012 and 2013] were extremely strong; we had over 40,000 migrants into the Calgary CMA, so not just the city of Calgary, but surrounding areas. That's a very strong number, that is more than double typical levels," she said.
