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Alberta real estate transactions: Construction investment rising

Investors are starting to feel good again about putting their money into housing construction in Wild Rose Country. Year-over-year spending in the house construction sector of real estate transactions in Alberta rose for the first time last year since 2015. Even though the numbers are rising, they're not quite where they should be -- slightly better than 2015's recessionary levels -- according to a market analyst. Still, the market is rallying and that is good news for investors.

From Nov. 2016 to Nov. 2017 Alberta saw more than $105 million in new housing starts. That number was tops in the country with Ontario pulling second with more than $101 million. Most of the activity in the Alberta market was in single family dwellings. Once wildfire-ravaged Fort McMurray is leading the way in investments with more than 2,400 builds in 2016.

Spending in all housing sectors in Alberta jumped to more than $728 million in Nov. 2017 from around than $622 million in Nov. 2016 -- or an increase of almost 17 per cent. A Calgary builder said he has seen consistent increases in builds since last summer. He added that he and fellow builders are cautiously optimistic about the current market trend.

As real estate builds increase in Alberta, especially in the single family sector, real estate transactions will likely increase as well. Both purchasers and sellers stand to benefit from these numbers. As the market continues to become more stable, more contracts will be inked. These kinds of deals may go much smoother with the advice of legal counsel. A lawyer may be able to offer advice on the legalities of what are often complex contractual documents.

Source:, "Alberta sees 1st year-over-year uptick in housing construction investment since early 2015, StatsCan says", Jan. 23, 2018

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