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Alberta bound

July 18, 2018 | Mario Toneguzzi


Stories Tagged - in migration

Kevin Clark says the hectic pace of Calgary’s real estate market in 2006 had its own challenges. Photo by Michelle Hofer/For CREB®Now

July 21, 2016 | Cailynn Klingbeil

55 Years of Real Estate: 2006 CREB® Past President Kevin Clark

Former CREB® president Kevin Clark recalls robust activity in 2006 created new set of challenges

To an outsider today, 2006 was an enviable year for real estate in Calgary. Nine to 10 offers on a house was commonplace, sales activity hit an all-time high with 26,975 transactions and prices skyrocketed year over year by more than 40 per cent to $336,408.

But for Kevin Clark, who was CREB® president that year, he doesn't long for those days.

Clark describes the market in 2006 as volatile. He recalls Calgary's housing industry that year as one overrun with inventory fluctuations that came with their own set of challenges.

CMHC's Richard Cho says everything from employment levels to household income and migration to spending levels signal to tough times ahead for the local housing market. CREB®Now file photo.

Nov. 26, 2015 | Cody Stuart

Five things about CMHC's housing outlook

Yearly update on the local and national housing markets

Canada Mortgage and Housing Corp. (CMHC) has issued its outlook on the local and national housing markets. Detailing several factors impacting Canada's housing market -- both new and resale - CMHC's numbers provide a basis for what to expect heading into the remainder of 2015 into 2016 and beyond.

To help provide a little more understanding, CREB®Now digs a little deeper into CMHC's Outlook.

Aug. 06, 2015 | Shelley Boettcher

Migration to moderate

Housing demand expected to weaken

Mike Dunn moved to Calgary from Edmonton in July. He'd been thinking for a while about relocating, but when a friend offered him an affordable place to stay, he decided to take the plunge.

"It was like walking into a hurricane, to land here during Stampede, but it was good," he said with a laugh. "It seems like a place where if you work hard, you can pull off a decent living."

Dunn's not the first to switch area codes – and he won't be the last.

But he does represent a smaller number, as net migration — the difference between the number of people who have moved to Calgary, compared to the number who have moved away from the city — is at its lowest since 2011.

Jan. 13, 2015 | CREBNow

In-migration easing

After record setting few years, migrants to Calgary expected to decrease in 2015

After consecutive years of record setting net migration, the number of Canadians making their way to Calgary is expected to ease over the next while.

CREB® chief economist Ann-Marie Lurie said a pullback in in-migration is expected in part due to record setting numbers set in the past few years.

"[2012 and 2013] were extremely strong; we had over 40,000 migrants into the Calgary CMA, so not just the city of Calgary, but surrounding areas. That's a very strong number, that is more than double typical levels," she said.


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