nenshi speaks
Acreage Living Feature A10 – A11
Mayor talks secondary suites, subsidies municpal A6
FREE oct 4 to oct 10 2013 issue 03-39 www.crebnow.com facebook.com/crebnow twitter.com/crebnow
real estate news from industry experts
The alberta advantage September sales highlight impressive in-migration numbers
Year-Over-Year Population Change in Alberta
140,000
120,000
100,000
80,000
60,000
40,000
20,000
0
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013 cody stuart, Managing Editor
Cody Stuart
managing editor
T
he temperatures around Calgary might be getting chillier, but the numbers coming out of the city’s real estate industry are anything but. Emphasized by recent numbers that show population growth in Alberta is nearly triple the Canadian average, MLS® sales in the city were up by nearly 20 per cent from a year ago. “The impact of the floods likely
boosted sales throughout July and August, and it appears as though some of that additional demand is starting to ease,” said Ann-Marie Lurie, CREB® chief economist. “Nonetheless, sales growth remains strong, in part because net migration has been stronger than anticipated and rental product is in short supply.” MLS® sales in Calgary numbered 1,923 units in September, 19.44 per cent higher than 2012 and 14 per cent higher than long-term averages for the month. The increase comes on the
SINGLE FAMILY
heels of population numbers from the Alberta government showed net-interprovincial migration to the province during the second quarter was the second highest on record. Between April and June, Alberta gained 13,791 residents from other provinces, with most of those residents coming from Ontario (5,977), British Columbia (2,106) and Quebec (1,438). The influx has resulted in the province’s population breaking for the four million mark for the first time in history.
SEP11 OCT11 3761 NOV11 2761 DEC11 2980 JAN12 3093 FEB12 3367 MAR12 3501 APR12 3842 MAY12 3817 JUN12 3646 JUL12 3535 AUG12 3486 SEP12 3114 OCT12 2586 NOV12 DEC12 1859 JAN13 2075 2048 FEB13 2727 MAR13 2977 APR13 3311 MAY13 3199 JUN13 2917 JUL13 2791 AUG13 2789 SEP13
4753 4486
MLS® MONTH END INVENTORY* SEP ‘11 – SEP ‘13
“The increase to four million has been largely driven by migration,” said Jessica Jacobs-Mino, spokeswoman for Alberta’s Treasury Board. “We’re drawing a lot of people into the province and have for some time now, and we continue to exceed expectations on a quarterly basis.” Undoubtedly playing a role in the number of homes changing hands in and around Calgary, Alberta’s population increased to 4,025,074 as of July 1, a growth rate of 3.51 per cent, compared to the national average of 1.16
AnnA ZAjAc
403.650.5062 am.zajac@hotmail.com
Proudly serving buyers/sellers for 14 yeArs
2
$3
00
9 8,
A3 A6 A6
CREB® STAFF
mortgage rates
A7
K
commercial
A13
ent Lyle was recently honoured for his 50 years in the Calgary and area real estate industry at the CREB® Long Service Awards. Born and raised in Calgary, Lyle has been a member of CREB® for 50 years. He got his start in his family’s real estate business, Lyle Bros. Ltd., after receiving his degree from the Ivey School of Business at the University of Western Ontario at the age of 23.
®
LifestyLe Homes
statistics A3
CREB® honours contents Kent Lyle news briefs with Long weekly feed Service Award event listing
*All statistics based on monthly data compiled by CREB via MLS activity. ®
per cent. The increase is even more impressive when placed in a historical context, surpassing levels seen during the mid-2000s. The last time Alberta saw a similar influx was 1982, when the province welcomed 136,000 new residents for the biggest increase on record.
brAnd new build wAlk to shoPs!
c3580083 220 ranch downs size: 1377 sq. ft. style: 2 storey beds: 3 | baths: 2f 1h
industry A3
9
$3
00
9 9,
CBRE Report
map
B1
open houses
B19
MLS® Statistics
b19
September 2013 showhome extrA finishes
c3545843 116 ranch gate size: 1602 sq. ft. style: 2 storey beds: 3 | baths: 2f 1h
Strathmore Homes priced from $328,900 to $399,900