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Calgary's real estate market drawing out-of-province buyers

Calgary's real estate market drawing out-of-province buyers
calgaryherald.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from calgaryherald.com Daily Mail and Mail on Sunday newspapers.

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Calgary's housing demand expected to accelerate to year's end

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A new forecast expects Calgary’s real estate market to grow this year, building on pent-up demand from the pandemic with expanding sales and rising prices, yet trailing the national average, led by hot markets in Ontario and the West Coast.
“We don’t expect prices to increase in Calgary like they are expected to do in Toronto and Vancouver,” says analyst Michael Mak with Canada Mortgage and Housing Corp. “But we do see a rising tide lifts all boats situation where low interest rates help support the single-family detached demand in the city.”
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Prices shoot up as Calgary's real estate market turns red hot in 2021

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In Calgary’s current red-hot real estate market, it can take some extra effort to get noticed.
Nick Davis, 30, and his wife Sarah, 26, decided based on photos alone to put an offer in on a three-bedroom Shawnessy house in March. They knew if they waited a couple of days to get in for a showing, the house on the quiet cul-de-sac with the big southwest-facing yard would already be gone.
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Prices shoot up as Calgary s real estate market turns red hot in 2021 Back to video ....

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Carencro man arrested in connection with March fatal crash

Carencro man arrested in connection with March fatal crash
LPSO
and last updated 2021-05-06 22:32:21-04
A Carencro man is facing vehicular homicide charges in connection with a March crash that left two dead.
According to police, 33-year-old Jared Chamberlain was arrested by investigators on Thursday, May 6. Police say he was involved in a fatal crash that occurred on March 21 shortly before 1 a.m. on Veterans Drive at the I-49 southbound exit ramp.
Police say 48-year-old Kayla Balthazar of New Iberia was driving south on the exit ramp approaching Veterans Drive, while Chamberlain was traveling east on Veterans Drive in the right travel lane. Balthazar failed to yield and drove into the path of the truck, police say. ....

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Pandemic has spawned shift to less urban lifestyles

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Call it the space race.
The pandemic was supposed to freeze up the real estate market, but it’s turned out to be the opposite, sparking a number of buyer trends, including demand for more space that has shown interest in less urban locales, a new survey shows.
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Pandemic spawned new homebuyer trends including shift to less urban lifestyles Back to video
The 2021 Scotiabank Housing Poll examined the intentions of Canadian buyers, including Alberta, and it found among other trends what it calls “the Great Migration,” whereby many buyers are seeking to move out of the city to get more for their money. ....

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