Friday, 2 January 2015

Calgary condo market skyrocketing in 2014

The Canadian mortgage and housing corporation shows that multi family start or Calgary totaled 10224 units through November 2014 which compared with about 5700 units in the same period of 2013 the record pace was set back in 1978.

Mortgage and Housing analyst forsee the net migration to Calgary reach 45,000 people in the year 2013 for the year 2014 the numbers will likely drop to just about 20,000 newcomers.

There are people that are coming into the Calgary housing market better looking at the price differential between a multi-family units building and a single detached home and the difference is quite substantial so what you're looking at maybe for someone that coming into the market for the first time is the ability to come in at the lower end of the table.

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