Connect with us

Real Estate News

Real estate sales booming in Cochrane, Airdrie

Published

on

Links to the breadcrumb trail

Author of the article:

Post media news Coopers Crossing in Airdrie.  The city north of Calgary saw a surge in home sales. Coopers Crossing in Airdrie. The city north of Calgary saw a surge in home sales. Photo from postmedia file

Article content

Norma and Alan Kehoe said it was not easy to leave Cape Breton’s beauty and friendships.

advertising

This ad hasn’t loaded yet, but your article continues below.

Article content

But living near grandchildren in Cochrane was a major draw for moving west and buying a house in the Fireside section of town west of Calgary.

“We love Cochrane. We love being close to the mountains and the city without having to be there, ”says Alan Kehoe.

“(Cochrane is) an older church, but it’s growing fast.”

The couple, who will own their 1,430-square-foot home next month, are among the home buyers who are fueling a housing boom in the cities of Calgary.

According to new data from the Calgary Real Estate Board (CREB), the 725 home sales in the first six months of the year in Cochrane almost match the record purchases of 754 in the record year 2014.

The same applies to Airdrie in north Calgary, where the annual average of 1,300 home sales has already been exceeded.

advertising

This ad hasn’t loaded yet, but your article continues below.

Article content

The reference price for a single-family home in Airdrie was $ 432,700 in June, 15 percent higher than last year.

But the average price of a single-family home in Airdrie so far this year is $ 411,011, which is well below the $ 500,183 in Calgary, according to CREB.

“My record sales in previous years were exceeded by May of this year,” said Natalie Bethiaume of CIR Realty, who specializes in Airdrie.

Lower property prices are attracting buyers, she said, in the city, which has nearly doubled in size since 2009 to more than 70,000 residents.

“Neither of us saw this market coming. When COVID-19 really became a problem, all predictions were that this market would decline, but the opposite has happened, ”Berthiaume said.

The COVID-inspired trend to work from home has made places like Airdrie more attractive, she said.

advertising

This ad hasn’t loaded yet, but your article continues below.

Article content

One example is Cochrane CIR’s real estate agent Kendra Watt, whose population has grown by 30 percent to over 34,000 in the past five years.

“Working from home gives people the flexibility to live further away from the city center. . . We have seen a significant increase in the number of people moving in from Calgary since the pandemic, ”said Watt.

“And your money goes further here than in Calgary – it has always been like that.”

In the past six months, prices in Cochrane were four percent higher than the same period in 2020, says CREB.

Even so, it remains attractive to people from much more expensive places in the area like Canmore, Watt said, where the benchmark price has increased 17 percent from more than $ 1.15 million since last year.

“We see quite a lot of Canmore people coming out,” she said.

advertising

This ad hasn’t loaded yet, but your article continues below.

Article content

It is a demand that Watt and her employees “ran off the rails – it was certainly at least twice the production of 2020”.

But that means the market has been catching up since the early months of the pandemic, Watt said as sales slowed.

But now that late pandemic surge has meant more expensive building materials and a less predictable time frame for construction, Watt said.

“So instead people come to the resale market, something we’ve never seen before,” she said.

That also meant more cash purchases as buyers try to maintain a more solid claim in a competitive sellers market, Watt added.

Both Berthiaume and Watt say at least 10 percent of their newer buyers are also provincial.

advertising

This ad hasn’t loaded yet, but your article continues below.

Article content

“That is more than before. People withdraw to spend their summers here and cash in expensive places like Vancouver and southern Ontario, ”said Berthiaume.

“You don’t even blink at our prices. You can see the value here. “

But rising demand for living outside the city limits has hurt affordability, says CREB.

In Okotoks, south of Calgary, the benchmark single-family home price rose to $ 508,200 last month, up nearly 14 percent year over year and seven percent since early 2021, it said.

“Record sales and low inventory levels meant that delivery months stayed just over a month,” says the latest CREB report.

“The low inventory in relation to sales has persisted in this market since the third quarter of last year and led to constant price increases, especially for single-family homes.”

The population of Okotoks has grown eight percent over the past five years to 31,569 in 2020.

BKaufmann@postmedia.com

Twitter: @BillKaufmannjrn

Share this article on your social network

advertising

This ad hasn’t loaded yet, but your article continues below.

By clicking the registration button, you agree to receive the above newsletter from Postmedia Network Inc. You can unsubscribe at any time by clicking the unsubscribe link at the bottom of our emails. Postmedia Network Inc. | 365 Bloor Street East, Toronto, Ontario, M4W 3L4 | 416-383-2300

Remarks

Postmedia advocates a lively but civil discussion forum and encourages all readers to share their thoughts on our articles. It can take up to an hour for comments to be moderated before they appear on the site. We ask that you keep your comments relevant and respectful. We have turned on email notifications. You will now receive an email when you’ve received a reply to your comment, there’s an update on a comment thread you’re following, or when a user follows a comment. Check out our Community Guidelines for more information and details on how to customize your email settings.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Real Estate News

Forget about asking price for CNY real estate. Plus, National Guard deployed to help nursing homes (Good Morning CNY for Dec. 3)

Published

on

Subscribe to the Good Morning, CNY newsletter delivered to your email inbox every weekday morning.

weather

High: 36; Low: 28. Partly sunny, cool. Check out the 5 day forecast.

picture of the Day

“We had a thousand balls here,” says Mark Koester of the past 14 years at his home at 2119 Conley Road near Chittenango. Climb down the steps, jump off the diving board, or slide down the slide into the heated swimming pool.Courtesy of Simply Heidi Photography

HOUSE OF THE WEEK: This Chittenango house, built in 2003, was designed for families. It sits on 6.45 acres and checks in on 6,406 square feet and has plenty of room to play. And if you think the pool is beautiful, just take a look inside.

What’s hot

Are you looking for a house in CNY? Forget the asking price: the real estate market in central New York has been on fire for much of the year, and a great indicator of the heat is how close sellers are getting to their asking prices. For months they have not only grown closer. You got more.

New York State is using the National Guard to support low-staffed nursing homes: Nursing homes, such as hospitals and other health facilities, are grappling with a severe shortage of nurses and other health workers. To cope with this, the New York National Guard is sending 120 of its medical staff to low-demand nursing homes across the state, including Loretto in Syracuse.

  • The nursing home in Syracuse will reopen the Covid unit to ease the hospital shutdown

While New York licensing lags, Indian nations are increasing marijuana sales: It’s been eight months since New York state legalized the possession and use of adult marijuana. Yet the state has still not enacted regulations or issued licenses to sell, which is delaying the opening of retail stores. Several Native American nations in New York have filled the void, citing sovereign nation status.

Future uncertain for planned Microsoft tech hub in Syracuse: In 2019, the software giant Microsoft announced plans to build a “Smart Cities technology hub” in Syracuse and signed a three-year agreement with the city, Onondaga County and Syracuse University . Two years after signing the contract, City Councilor Michael Greene says that Microsoft “did not have the decency to give us a clear answer where they stand” with the project.

looking ahead

Are you ready for a challenge? Don’t you go after waterfalls? We say chase away in upstate New York with a new challenge that brings people to some of the 150 breathtaking cascades that Ithaca has to offer. The Waterfalls Challenge, launched by Visit Ithaca, lists 22 known and hidden gems in the area.

Sports

Runners run on a track during a meeting

The Jack Morse Kickoff Meet will take place on Thursday in the SRC Arena of the Onondaga Community College.Marilu Lopez-Fretts | Contributing photographer

WESTHILL, BALDWINSVILLE TEAMS WIN AT JACK MORSE RELAYS: Athletes from Section III schools participated in the second day of the Jack Morse Relays at the SRC Arena on the Onondaga Community College Campus on Thursday. The Westhill girls ‘and Baldwinsville boys’ teams were victorious. See the results and more than 70 photos from the event. (See results and photos from Wednesday here) (Marilu Lopez-Frett’s photo)

Old Rival Back on the Syracuse Lacrosse Scheme: One of Syracuse men’s lacrosse’s fiercest rivals is back on its way, and a new Orange coach is set to make some serious flashbacks.

How did the SU women beat a top 20 team after 3 losses in the Bahamas? The Syracuse women’s basketball team had a rough time in the Bahamas last week, trailing in all three games in Battle 4 Atlantis. The team took some of their frustration with a win over Colgate on Sunday, but the Orange needed more. The opportunity came with Ohio State No. 18 in town for the Big Ten / ACC Challenge, and SU took the opportunity.

FURTHER SPORT NEWS:

In the letter

A Syracuse man requests a plea for the murder of a 15-year-old boy in Creekwalk. DA drops large numbers

Byrne Dairy & Deli are closing down a shop that has been in operation for nearly 50 years

Watch an exclusive courtroom video in which Anthony Broadwater was acquitted of Alice Sebold’s rape 40 years later

CNY Wishlist: Would you like to help? Here’s a wishlist from local nonprofits

Rome woman killed in head-on collision, 2 more hospitalized, soldiers say

A rainy summer in Syracuse revealed a growing problem: black mold

Man dies after striking a power pole during a medical emergency in Syracuse, police say

Today’s obituaries

To view today’s obituaries, please click here.

Amazon Flash Briefings

To hear the latest news with Alexa every morning, please click here.

Continue Reading

Real Estate News

My holiday wish list for commercial real estate – Daily News

Published

on

With Thanksgiving lately, Hanukkah in full swing, and Christmas in less than 30 days … it’s time for some Christmas cheer!

Countless children around the world – including our five grandchildren – are putting together their lists. So I thought it would be fun to draw my five hopes for the 2022 commercial real estate market – aka my gift list for the coming year.

So without further ado, here it goes.

A more balanced market. Industrial real estate – buildings where people make, store, and ship things – have fallen by the wayside for the past six years. Currently, fewer than 1 in 100 buildings have no residents!

We find an acute imbalance when there is a demand that exceeds supply, the lack of new buildings, changes in consumer shopping habits and an excessive appetite for things. As a result, the prices of listings have skyrocketed and many people are wondering if rents are sustainable.

So I would like a little more common sense.

Vanishing office insecurity. II have said many times that transactions take place when activity increases or decreases. But uncertainty is a killer for a company that relies on movement.

There have been some big Amazon office deals in the market – like the purchase of the former Orange County Register Printing Office in Santa Ana and the Bank of America campus in Brea. For both, however, a change of use is pending. The former suites of executives, middle management and office workers will be eliminated and replaced by countless blue delivery vans.

The pandemic changed the office paradigm. Companies countered with “hybrid” approaches that required smaller floor space, virtual workstations and less collaborative layouts.

I would like some long-term leases for large office buildings here.

Solution to the port problem. Talk about a perfect storm that’s like an anaconda eating a Thanksgiving meal or six: the accumulation of ecommerce containers slowly moving through the supply chain.

Many people are much better informed than me about the causes. All points in the supply chain are simply squashed – which leads to massive delays, bottlenecks and escalating price tags. Certainly some reduction in regulation would help. A little more storage space could help too. Are you asking America to stop shopping for a while?

I would like a stable flow of goods until July 4th.

Interest rates still low. Rising interest rates could be the best thing for us – like tearing off a bandage. But wow! How incredibly painful for an economy that depends on cheap money.

Our 10-year Treasuries rate – the benchmark for commercial real estate lending – has been hovering in the low 1% range for a number of years. Great for borrowers but terrible for savers. As our population ages and more of us have steady incomes, an increase in returns would be welcome. Don’t forget, however, that $ 1.2 trillion in stimulus goodies is to be paid back. Rising interest rates would make amortization more expensive.

All in all, I would like more of it.

A more diverse industry. Commercial real estate brokerage has been dominated by men in the past. However, two fall conferences that we attended showed a change.

I was thrilled to see over 40% women and minorities at the Commercial Real Estate Influencers Summit and the Society of Industrial and Office Realtors Global Event.

It is my wish that the face of commercial real estate reflects our world.

Allen C. Buchanan, SIOR, is a Principal at Lee & Associates Commercial Real Estate Services, Orange. He can be reached at abuchanan@lee-associates.com or 714.564.7104.

Continue Reading

Real Estate News

Dec 2 Financial News: Cathie Wood, San Francisco In Trouble, Real Estate Market, Gov Shutdown, | SF News – Oakland News Now

Published

on

Oakland news now –

December 2 Financial News: Cathie Wood, San Francisco in Trouble, Real Estate Market, Government Shutdown,

– YouTube channel video with the logo in the top left corner of the video. OaklandNewsNow.com is the original blog post for this type of video blog content.

BUY NEW BOOK HERE https://ift.tt/3kZnaaw FREE 10-page PDF: I wrote this paper as a guide to help you get your next rental …

about IFTTT

Note from Zennie62Media and OaklandNewsNow.com: This video blog post demonstrates the full and live operation of the latest updated version of an experimental Zennie62Media, Inc. network for video blogging systems for mobile media that launched in June 2018, The new and Zennie62Media, Inc.’s innovative approach to news media production. What we call “The Third Wave of Media”. The uploaded video is from a YouTube channel. When YouTube Video Search uploads a video from a search for San Francisco News Today News Today Vlogs, it is automatically uploaded and formatted to the Oakland News Now site and Zennie62-created and custom social media pages. The overall goal here is, in addition to our smartphone-enabled, real-time reporting of news, interviews, observations and events anywhere in the world and within seconds rather than hours – is the use of the existing YouTube social graphic on any topic in the world. News is now reported with the smartphone and also by promoting the latest content on YouTube: There is no need for heavy and expensive cameras or even a laptop, or to have a camera team to film what is already on YouTube. The secondary goal is faster and very inexpensive production and distribution of media content. We have found that there is a discrepancy between post length and time to product and revenue generated. This means that the problem is much smaller, but by no means solved. Zennie62Media is constantly working to improve the system’s network encoding and is looking for interested content and media technology partners.

Oakland News Now Latest Posts

  • France honors the black artist Josephine Baker; Right-wing extremist expert Éric Zemmour starts running for president
  • Planned Parenthood CEO: When SCOTUS restricts access to abortion, marginalized people get hurt the most
  • Abortion Under Fire: Supreme Court Hints Mississippi Ban Maintained, Threat Roe v. calf
  • Legal expert defends the arguments before the Supreme Court on the Mississippi Abortion Act
  • BREAKING: Boris Johnson receives booster vaccination | Sky news
  • White House Announces New COVID-19 Measures After First Reported US Omicron Case
  • Digital software is booming in a pandemic | Sky news
  • Exercise Later in Life Could Extend Life Expectancy and Fight Chronic Disease, Says Study | GMA-ABC
  • Empire carpet man interview found after 30 years | Chicago News
  • Brothers and Wives: In the Personal Lives of William, Kate, Harry and Meghan | Chicago News
  • Ghislaine Maxwell prosecutor says Epstein introduced her to Trump at the age of 14
  • Supreme Court judges against abortion do not convince with “neutrality”
  • House Deal on Government Funding Bill Could Be Appealed in Senate | MSNBC
  • NBA Tips and Predictions | Daily NBA Bet Preview | Tip-off show for December 2nd
  • CDC confirms first case of Omicron COVID-19 variant in the US
  • First US case of a new variant of COVID-19 Omicron found in San Francisco | SF news
  • FIRST PREMIER LEAGUE GAME FIFA 22 WREXHAM RTG career mode # 24
  • Bakersfield Homeless Center Receives $ 50,000 Grant From Bank of America | Bakersfield News
  • MLB lock! Jeff Passan breaks the league’s first suspension since 1990 | SC with SVP
  • Trump held several events after testing positive for Covid
  • 9 @ 9: Sloths don’t let gas through? | Chicago News
  • The Supreme Court faces a credibility crisis as anti-abortion judges want to serve their purpose
  • 6 @ 6: PB parking tickets, tennis balls for mice and the mu-mu | Chicago News
  • Total packer with Matt LaFleur: Rasul Douglas
  • IMA President and OMAG Secretary General speak to Republic TV as India discovers Omicron cases | Asia news
  • First US case of COVID-Omicron variant confirmed in San Francisco | SF news
  • Madden 22 Next Gen San Francisco 49ers Subteam MONSTARS | EP.2 Can we win in Philadelphia? | 49ers news
  • KERO 23 ABC News Bakersfield Breaking News Headlines | December 2, 7 a.m. | Bakersfield News
  • Cardi B SURPRISES grocery workers with HUGE cash bonus
  • AMLO thanks “wholeheartedly” those who contributed to his report in the Zócalo. have participated
  • December 2nd Financial News: Cathie Wood, San Francisco in Trouble, Real Estate, Government Shutdown, | SF news
  • Live video: Police mourn their lives in frontal crash | St. Louis News
  • Thursday Free Betting Tips & NFL Predictions – 12/02/21 l Tips & Parlays
  • California water districts are receiving 0% of requested supplies
  • Governor Steve Sisolak’s Healthcare Week Helps Address Health Inequalities | LV news
  • Top Stories from San Diego | Thursday, December 2, 2021 (morning) – San Diego News
  • Top headlines from the US and the world – December 2, 2021
  • Total Packers: 1-on-1 with Rasul Douglas
  • WEB EXTRA: Police press conference in Palm Beach Gardens on the arrest in the murder of a teenager | Miami news
  • White House on Covid Response: President will pull out all the stops for winter | MSNBC

Oakland News Links online from Oakland’s only news aggregator blog

Oakland News Now Archive

Oakland News Now Archives Select month December 2021 (2890) November 2021 (32789) October 2021 (8926) September 2021 (1111) August 2021 (843) July 2021 (725) June 2021 (431) May 2021 (393) April 2021 (463 .)) March 2021 (320) February 2021 (315) January 2021 (356) December 2020 (319) November 2020 (349) October 2020 (444) September 2020 (445) August 2020 (496) July 2020 (462) June 2020 (391.)) May 2020 (301) April 2020 (289) March 2020 (239) February 2020 (221) January 2020 (262) December 2019 (161) November 2019 (183) October 2019 (226) September 2019 (173) August 2019 (231.)) July 2019 (239) June 2019 (194) May 2019 (137) April 2019 (224) March 2019 (164) February 2019 (142) January 2019 (181) December 2018 (147) November 2018 ( 168) October 2018 (173) September 2018 (192) August 2018 (183) July 2018 (176) June 2018 (125) May 2018 (28) April 2018 (18)

Continue Reading
Advertisement

Trending