The Conference Board of Canada has predicted a great year for Alberta. The GDP is expected to grow by 3.4% signaling better employment opportunities which in turn spell good news for the local real estate industry
Even as the rest of the Canada was struggling to keep things normal, the provinces of Alberta and Saskatchewan continued to thrive thanks to their natural resources. The report titled, Provincial Outlook: Autumn 2013 paints a positive picture for Alberta.
There are several reasons for this observation. The oil sands attracted people to the province looking for better employment opportunities. This in turn led to an increase in the number of people looking to buy a home.
"Migration was really strong this year. Almost 70% of the property purchase was done by the migrants. Also, by September this year, the total volume of sales on the MLS was reported to be $10.4 billion. That's also an increase 18% when compared to the same time, last year!" says a Roger Arsenault, Broker for Maxwell Canyon Creek.
Calgary real estate listings have been unusually limited this November, but there's no lack of new and good quality homes being built. The flooding of June 2013 was another major contributing factor to the increase in demand for homes.
"There were people looking to move to a new home because their current one was damaged by flood or because they felt the need for a move to a more safe community," adds Roger Arsenault.. All of these promise a better year in terms of real estate listings in the city.
The report also states that Alberta has been the largest contributor to the country's economic growth. Oil sands investment and a strong labor crowd have ensured that GDP continues to grow by 3.4%.
About Maxwell Canyon Creek:
Maxwell Canyon Creek is a franchisee of the Maxwell Realty. They're offering Calgary real estate for sale and are conveniently located in South East Calgary servicing the entire City and surrounding communities for all aspects of real estate.
To learn more, visit, http://www.maxwellcanyoncreek.ca/