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Stories Tagged - mike korman

Town of Cochrane economic development manager Mike Korman believes Cochrane‚Äôs population will grow by about three to four per cent, and building starts will maintain 2016 levels. Photo by Wil Andruschak/For CREB®Now
News

Jan. 10, 2017 | Gerald Vander Pyl

Domino effect

Surrounding housing market to follow Calgary's lead in 2017 after challenging conditions in 2016

Slow stabilization in Calgary's housing market in 2017 is expected to create similar momentum for satellite communities such as Okotoks, Cochrane, Airdrie and Chestermere, say local officials on the heels of CREB® releasing its 2017 Economic Outlook & Regional Housing Market Forecast.

According to the report, Chestermere in Rocky View region experienced a widening gap between sales and new listings during 2016, putting downward pressure on benchmark prices – notably detached homes, which dropped 2.5 per cent from 2015 to $490,808.


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