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Jane Kinsella
The Real Estate Company Ltd.
11, 5080 12A St. SE, Calgary, Alberta
P: 403-874-6143
F: 403-476-5467
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Canada needs another 4.5 million homes warns study

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A  new study says that we will need another 4.5 million homes over the next three decades. The report from Urban Futures points to population growth and increasing life expectancy and shows a marked departure from the predictions that had historically been reported. The generation that followed the baby boomers was smaller in number, leading to forecasts that there would be a meltdown in the housing market as the boomers vacated their homes. However growing families and strong immigration has changed that. Urban Futures says there have been 2.2 million extra occupied homes since 2000, or around 185,000 per year on average and with a large number of seniors living longer and being able to stay in their homes for longer, this figure is edging higher. The study predicts that 82 per cent of those in homes today will still be alive in 2033 and 73 per cent by 2041. With net migration around 1 million it’s easy to see how the figures stack up..

 



 

 

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Tuesday, August 16, 2011 - Calgary Real Estate

CALGARY ? MLS sales and average prices are forecast to increase in Alberta this year and next year, according to the Canadian Real Estate Association. In a new forecast released Tuesday, CREA said sales in the province will increase by 7.3 per cent this year over last year to 53,350 units and rise by another 6.8 per cent in 2012 to 57,000 sales. The year-over-year percentage hikes are the highest in Canada in each of the next two years. The association also predicts the average sale price in ... Full Article...

posted in News at Tue, 16 Aug 2011 19:21:22 +0000



Wednesday, August 3, 2011 - Real Estate News CREB

Calgary HOUSING MARKET ON THE ROAD TO RECOVERy Market improvements driven by clients looking for value      Calgary, August 2, 2011 ? According to figures released today by CREB® (Calgary Real Estate Board), residential sales continue to trend towards recovery.  After the first seven months of the year, single family and condominium sales totaled 11,798, a 5 per cent increase over the previous year.  While the improvements signal market recovery, overall sales levels remain 17 per cent below ... Full Article...

posted in News at Wed, 03 Aug 2011 18:08:55 +0000



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