Americans love to mythologize their major coastal metropolises, from New York to San Francisco.
Through movies, pop music and television, such centres have long played an outsized role in America’s collective imagination. After all, these cities are home to the country’s most iconic companies and institutions, reflecting all the wealth and culture of the world’s richest nation.
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Moving in is no longer out in Calgary’s real estate market.
After years of watching homebuyers flock to far flung suburban neighbourhoods on Calgary’s periphery, the inner city is finally getting some love.
“There has been a shift, we’ve noticed it as well — we’re seeing the inner city exploding,” said Becky Walters, president of the Calgary Real Estate Board.
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If you walk into the Careers Under Construction office, chances are you’ll run into someone from out of town.
In fact, over the five years that Amy Penny, the company’s regional manager, has been working at the office, she estimates that at least 70 per cent of people that walk through their doors come from out east.
“It’s continuous, and it has been continuous for five years,” she said.
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Airdrie and other outlying communities outpaced home sales growth in Calgary in 2012, proving that this city is a desirable place to live for many.
“It was a great year in real estate in the number of sales,” said Matt Carre, a RE/MAX realtor with the Carre Group in Airdrie. “Our increase in sales was over 20 per cent over 2011 numbers.”
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People are once again moving to Alberta in droves, but the rapid growth has spawned fears the province could face the same infrastructure, labour and housing pains felt during the last economic boom.
“There is cause for concern,” said Bob Barss, president of the Alberta Association of Municipal Districts and Counties.
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EDMONTON – The Edmonton area is facing a population explosion that could see it grow by more than one million people over the next 35 years.
By 2047, the population will likely range from 1.8 million to 2.3 million people, compared to the current 1.2 million, depending on whether a low-, medium- or high-growth scenario occurs, a recent consultant’s study suggests.
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Six months after arriving in Canada from the Philippines, Rowena Bermas has settled contentedly into life in High River, an agricultural services hub south of Calgary well-stocked with farm equipment dealerships and livestock auctions.
Bermas, who got a job at the Dairy Queen, joined her husband here. He came nearly five years ago and works in quality assurance at Cargill, the local meat plant. Their three children attend the nearby Catholic school.
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EDMONTON – In a new Vancouver housing development, about 25 per cent of the units had no parking yet were snapped up by a younger generation not addicted to cars, said Bob Rennie, a housing expert who also runs that city’s largest condo marketing company.
Unlike baby boomers, people under the age of 28 find cars a hassle in that city and instead “live on their phones,” said Rennie.
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CALGARY — Strong employment growth in the Calgary region has sparked more people from other parts of the country to move here, buoying the local housing market for the next two years.
According to Canada Mortgage and Housing Corp., net migration to the Calgary census metropolitan area will balloon to 20,000 people this year after numbers dropped to 9,209 in 2010 and 11,220 in 2011. And the CMHC is forecasting net migration to the region to be 18,000 in 2013.
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CALGARY— Short-term expectations for housing starts in the Calgary region are positive, according to the Conference Board of Canada.
The board said Monday that in the Calgary census metropolitan area in September the seasonally-adjusted annual rate of new home construction was 11,022 units. That was up from 8,846 a year ago.
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