While it is definitely not an exodus, the re-location trend across the Canadian housing market is real. Based on anecdotal evidence in Canmore, about 28% of clients buying in Canmore are now “work from home and move away from big-city crowds".
With all this action in the market, RE/MAX Canada expects average residential prices to rise 4% to 6% in 2021. In my opinion, Calgary will likely be on the lower side of the scale but for Canmore, I believe, will be the upper side.
I am delighted to share with you information from two interesting articles published by two of my favorite geopolitical and investment gurus. Do not forget, whether you like it or not. Real Estate is an investment. You do not use it and throw it away as a consumable.
Both articles clearly explain that our governments are now in “stage 5” of the cycle and are running out of the options on how to deal with future crises. The lack of the ammunition is obvious and will have serious consequences...
Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.