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July 2017 Archives

Cochrane leading way for real estate transactions in Alberta

Alberta has had some recent economic troubles, especially with the dip in the oil market. But if the community of Cochrane is any indication, things are looking up in Alberta all around, especially in regard to real estate transactions. With little hoopla, Cochrane has seen its population increase by almost 50 per cent over the last six years with a 4.5 per cent growth in 2016 alone with no signs of slowing down.

Residential real estate rebuilds ahead of schedule in the Fort

The Canada Mortgage and Housing Corporation Inc. (CMHC) has said the once fire-ravaged Fort McMurray is rebuilding quicker than experts anticipated. Fort McMurray, in Alberta's north, had about 2,500 homes destroyed by a massive wildfire last year and is in the midst of rebuilding its residential real estate sector. A recent CMHC report indicated rebuilding has begun on 844 homes razed by the fire in May 2016.

Residential real estate on the upswing in Alberta

Canada's real estate market continues on a strong front, posting gains in the second quarter of this year. Alberta seems to be leading the pack in terms of residential real estate sales. The statistics, provided by a major real estate brokerage firm, point to a continuation of the same in the second half of this year with Alberta sales definitely on the rebound from an economic downturn.

Job slumps put damper on North Alberta real estate transactions

When jobs are scarce, it stands to reason that the housing market will take a beating. The slump in jobs in the Alberta oil sector may be harming a possible renewal in real estate transactions in the northern part of the province. Unemployed people have trouble making ends meet. Stagnant cash flow equals a thwarted real estate market.

Residential real estate sales help Alberta town after flood

After a flood that devastated the High River area of Alberta four years ago, the scenic locale of 13,000 residents is finally on the rebound. Floods impacted many southern Alberta communities, but those in 2013 threatened the very existence of High River. In fact, three residents died and the residential real estate market suffered immeasurably, with many homes being so devastated that they had to be torn down.

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