Airdrie Real Estate: RE/MAX Real Estate Central

A Biased View of Airdrie, Alberta: Homes For Sale - CENTURY 21 Global

"None of us saw this market coming. When COVID-19 actually ended up being a concern, all the forecasts were this market was going to tank, however the opposite happened," stated Berthiaume. The COVID-inspired pattern to work from home has made places such as Airdrie more attractive, she said. Ad This advertisement has not filled yet, however your short article continues below.

"Working from home offers individuals the flexibility to live farther from the city centre. We've seen a substantial boost in individuals moving from Calgary since the pandemic," said Watt. "And your cash goes further here than Calgary it always has." Over the previous six months, prices in Cochrane were four per cent higher than they remained in very same amount of time in 2020, states CREB.

15 million has shot up by 17 per cent given that last year. "We're seeing several Canmore people coming out," she said. Advertisement This advertisement has actually not loaded yet, but your post continues below. Short article content It's a demand that's seen Watt and her partners "run off our feet it's certainly been at least double the production of 2020." However that means the market has actually been playing catch-up from the very first months of the pandemic, said Watt, when sales slowed.

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"So, rather, individuals pertain to the resale market, which is something we have not seen before," she said. That's also meant more cash purchases as buyers seek to stake a more solid claim in a competitive sellers' market, included Watt. Both Berthiaume and Watt say at least 10 percent of their more current buyers also come from out of province.

Post content "That's more so than previously. People are retiring to spend their summer seasons here and are squandering in expensive places like Vancouver and southern Ontario," said Berthiaume. " Found Here  do not even blink at our prices. They see the value here." But the rising need for life outside the city limits has taken its toll on price, says CREB.

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"Record sales and low inventory have actually caused the months of supply to stay simply above one month," specifies the most recent CREB report. "The low level of stock relative to sales has actually continued in this market because the third quarter of in 2015, causing constant gains in rates, specifically for separated houses." Okotoks' population has grown by 8 per cent in the past five years, to 31,569 in 2020.