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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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Saturday, August 30, 2014 - Real Estate

Home resales to be most active in the West  First posted: Saturday, August 30, 2014 02:00 AM MDT [Home sales]RBC Economics predicts home resales to grow vigorously in the Western provinces, where the economy and population growth is strong, while remaining flat in the rest of the country. Change text size for the storyPrint this story Report an error Western Canada will continue to have the most active housing markets in Canada through the balance of the year and into 2015, although some ...

posted in News at Sat, 30 Aug 2014 20:18:44 +0000



Friday, August 29, 2014 - Forecast

Market Commentary   The more you look into it the bigger the consensus seems to be: interest rates aren't going anywhere until sometime in the second half of next year.The latest inflation figures, which showed a modest dip in the consumer price index, would seem to leave the Bank of Canada with little choice but to maintain its neutral stance.The latest forecasts on the future of the housing market are also banking on low rates continuing into next year. And CMHC, CREA and the big banks all ... Full Article...

posted in General at Fri, 29 Aug 2014 17:25:57 +0000



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