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Jane Kinsella
The Real Estate Company Ltd.
11, 5080 12A St. SE, Calgary, Alberta
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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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Friday, April 12, 2013 - Alberta Real Estate

What happened to the expected Alberta real estate boom? Market influencers tempering demand CALGARY ? Several ?market influencers? have kept the reins on the expected Alberta real estate boom, says a new report on the housing market.The report, by Don Campbell, senior analyst and founding partner of the Real Estate Investment Network, said debate is raging about why the market isn?t booming like it did in 2006 and 2007 when the job market and population in the province were growing at the same ... Full Article...

posted in News at Fri, 12 Apr 2013 19:49:30 +0000



Friday, April 12, 2013 - Market update

Residential Market Update Market Commentary Definite cooling in the Canadian housing market A recent economic analysis suggests Canada?s housing correction is headed for something a little rougher that the projected ?soft landing?, but not a U.S. style crash. The analysis is based on the premise that housing prices are declining. Relative to inflation that may be true, but in terms of raw numbers price drops are not showing up in the national housing figures. Only Vancouver, where a 2-storey ... Full Article...

posted in General at Fri, 12 Apr 2013 19:24:30 +0000



Friday, April 12, 2013 - Markets

New house prices advance 0.2 per cent in February Add to ...OTTAWA ? The Canadian Press                       Published Thursday, Apr. 11 2013, 9:01 AM EDTStatistics Canada says its new housing price index rose 0.2 per cent in February, following a 0.1-per-cent increase in January.The agency says Calgary was the top contributor to the advance, up 1 per cent from January ? the biggest month-to-month increase in that region since May 2007.It says increases in material and labour costs were the ... Full Article...

posted in News at Fri, 12 Apr 2013 19:17:54 +0000



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