We were driving the kids to school this morning and we heard
on 660 that net migration Alberta is up, up, up! This, of course, is wonderful
news for Calgary Real Estate! I think we can all remember what the bigger
factors in the boom of 2006 were!
So what happens when people migrate from other provinces
into Alberta? Well, unemployment goes down as people look for jobs. Also,
vacancy rates tend go down as well. But what happens to Calgary Real Estate?
Well our supply goes down, which, in most cases, drives up the price of Calgary
So if you're an investor, I'm sure your heart is warming,
and if you're one of those people who hasn't bought yet, you now have two
reasons to look at buying a home in Calgary. The first is that net migration
One of my favourite things to do is work with first time
homebuyers. I think every Realtor would agree that first time home buyers in Calgary
are sort of the "holy grail" of real estate clients. Especially a newly married
couple! They're so young and happy. The energy they give off is almost
tangible. Being part of helping them buy their first home is so much fun I can
barely describe it.
I recently did a deal with one such couple who had a hand in
changing the way I do business. They were flatly unimpressed with all the new
homes in Calgary suburbia that I showed them. I was stumped. I pointed out the
new carpets, flooring, furnace and roof, even a new home warranty! But it
failed to "Wow" them. They kept bringing me back to homes closer to transit