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 Real Estate!
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 is an indicator of soon-to-be rising prices, and the second is that there is very little time for you to get a mortgage at the 35 year rate. At the very least, you should call your broker and lock in a rate, even if you're not sure if you plan on buying. So, until next time .
The Vanderveen Team
Maxwell South Star Realty
Phone: 403.253.5678 Fax: 403.592.6736