Foreign migrants keeping bloom on Wild Rose
Transcription
Foreign migrants keeping bloom on Wild Rose
NEW HOMES Breaking news at calgaryherald.com Saturday, November 15, 2008 I9 Foreign migrants keeping bloom on Wild Rose moving tributes memoriams obituaries photographs guest books stories ™ Recent jump ‘bodes well’ for house spending T he simple fact people still want to move to Alberta provides some badly needed upbeat news for the province’s reeling new and resale housing industries. Recently, two reports have predicted healthy levels of net in-migration to the province for this year and next, with more international immigrants hanging their hats here than Canadians moving from other provinces — so sayeth the Royal Bank of Canada (RBC) and Canada Mortgage and Housing Corp. Overall, the Royal’s forecast for the Wild Rose province is for a cooling-down period — not that that should come as a surprise to anyone seeing as how we’re already hip deep in it. “Booming economies eventually AA704567 OUT OF TOWN Visit our website www.lifestylehomes.ca for information about quick possessions in our other fine communities SOUTHEAST MARTY HOPE run up against resource constraints and must contend with imbalances that cause the expansion to slow. Alberta is a case in point,” the bank says in its most recent provincial outlook. Guess you could say we have become a victim of our own successes. Then again, Alberta has a long history of wild economic rides. Then again, many of today’s home buyers and consumers were just kids — or weren’t even around yet — when the last one clobbered us so they don’t know how to respond. Like those other times, housing is usually the first and most visible sign of the cool-down. SOUTHEAST Prices and sales are reined in as potential buyers crunch numbers more closely before deciding to sign on the dotted line. Construction of new homes has dropped in response to reduced sales and, here again, some price tags are snipped or incentives offered to get potential customers in show home doors. But it’s not just housing that is feeling the impact of consumer hesitancy. Big-ticket items like automobile sales are off, too. It must be remembered, though, that comparisons regarding housing are iffy given that 2006 and part of 2007 were setting sales records. As the Royal report states: “Although the level of economic activity remains very high, growth has slowed considerably this year.” In the midst of this clouded outlook then pops out this one ray of sunshine. In 2007, just over 42,000 folks settled in Alberta, says CMHC. By the time this year is out, the province will welcome another 56,000, up 29 per cent from a year ago — then that total will slip back to 51,000 in 2009. “International immigrants will strongly outnumber those from other provinces as businesses look to other countries to meet their labour requirements,” says CMHC’s fourth-quarter housing market outlook. RBC is just as bullish. “The recent jump in net in-migration into Alberta, especially international in-migration, bodes well for a pickup in consumer spending — and housing,” says the report. “It might also help reduce bottlenecks at major construction projects and promote growth in capital spending. Consequently, 2009 growth is expected to re-accelerate.” Hard numbers from CMHC show that only Ontario and B.C. will see higher levels of net migration than Alberta for the next two years. As for the housing industry, new starts will total 29,750 this year and then, thanks to a major drop in multifamily demand, will decline to 24,000 in 2009. This year’s breakdown sees 14,500 detached starts and 15,250 multi-family units. For 2009, the numbers are 15,000 and 9,000, respectively. On the resale side, 59,500 homes will change hands this year at an average price of $353,500, then climb in ’09 to 61,000 sales and an average of $356,000. [email protected] M c K e n z i e To w n e , A2!: * (-( )="C4 /.:12?! 6C.? @) , ' /:!D.# 5.1#229! ?CDE .4!BCD.! , (+<'' 1.D:3E.1 ":#:". , >:#1?221 :41 DC=. DE#2B"E2BD ?CDE 9:48 B$"#:1.! , ;99.1C:D. $2!!.!!C24 , 725% '-&0 $314,194 AA704572 includes lot & GST AA706595 Visit our website www.lifestylehomes.ca for information about quick possessions in our other fine communities Call: 257-7940 www.rightplacerighttime.ca Courtesy, Stride Management AA708617 From left, Steve Stretch, director of the Alberta Children’s Hospital Foundation Board; Cal Wenzel, president of Shane Homes; Marcello Chiacchia, general manager Calgary of Genstar Development Co.; Don Fisherman, chairman of the 2008 Kinsmen Children’s Hospital Home Lotto; and Bob Lang, chairman of the Kinsmen Care Foundation. Hospital gets $1.8 million CALGARY HERALD It’s a record — and the winners are the children of southern Alberta. More than $1.8 million was recently donated to the Alberta Children’s Hospital Foundation, the result of the lat- AA706589 NORTHWEST Pillars of Royal Oak AA706597 AA706596 Mirage Spec Home 2194 sq. Ft. 161 Royal Oak Heath N.W. $549,900 3 bedrooms/ 2.5 baths Open concept kitchen/dining & geat room Gas fireplace Hardwood and Tile floors Granite countertops Rear Deck Stainless steel appliances Immediate Possession Includes House, Lot and GST 101 Copperstone Close Corner Lot 3 Bedrooms, Flex Bonus Room est Kinsmen Children’s Hospital Home Lotto — the largest donation in the 15-year history of the successful lottery. The money will go toward a new MEG scanner for the Alberta Children’s Hospital — the only one of its kind in Western Canada. The MEG is crucial to the diagnosis, treatment and research of illnesses like epilepsy, cancer, stroke and learning disability. Shane Homes has been the major donor to the charity since its inception, building the grand-prize homes for the lottery since it launched in 1993. Cal Wenzel, founder and president of Shane Homes, was given a plaque reflecting the $21,404,153.20 the lottery has raised in that time. SELL YOUR VEHICLE FAST! every Wednesday in the AA704569 Call Dave Porcu at (403) 226-0484 or Visit the showhome at 14 Royal Oak Park N.W. AA706582 SOUTHEAST AA706594 Visit our website www.lifestylehomes.ca for information about quick possessions in our other fine communities AA706593 Auburn Bay section To place your AutoFocus ad call 235-7355 SOUTHWEST 26 Auburn Bay Manor SE L 1M:75JK D ><%> 58C +4CE L < '2): MA54:7 ?:;7JJM5 0#4' :K52#4:5 L 6!! K:0 'JM: =JK5472=4#JK =JM9!:4: A7J2K; #4 L ,9)7A;:; +!JJ7#K) & IA7;0JJ;B-#!: L GA": =JMM2K#4/ P. 403.720.6111 E. [email protected] 17 Auburn Sound Green SE www.rightplacerighttime.ca $699,900 P. 403.720.6111 E. [email protected] AA708506 $749,900 SPEARGRASS-CARSELAND AA706592 includes lot & GST 11 Auburn Sound Green SE OUT OF TOWN Visit our website www.lifestylehomes.ca for information about quick possessions in our other fine communities L HJ? $*@(( $336,800 AA693894 AA704570 QUICK POSSESSION L F#K24:5 +7JM 4': K:0 .J24' I:A!4' 3AM925 Call: 726-1185 [email protected] AA708618 Auburn Bay 70 Auburn Bay View SE 3 Bronte / +96. !%- $K-0 LI"5 ;:#<5# B:K 3 ) =57#::@!0 *-6 =AKL!0 9 &J5;5 5<!IJK5 3 1JK? ' @:I<KAJ< HJ5E! 3 .4 ;5JBJ<"! 3 DA#7E::7,CJB5 $B::#J<"0 GKAJ<B5!! A&&BJA<;5! 3 8AF5 ;:@@I<JK? QUICK POSSESSION 3 1B:!5 K: <5E G:IKL D5ABKL 1A@&I! 3 >:=( 6+2) $374,400 Visit our website www.lifestylehomes.ca for information about quick possessions in our other fine communities www.rightplacerighttime.ca Call: 726-1185 [email protected] AA708616 AA706586 AA706591 AA704568 AA704571 includes lot & GST Visit our website www.lifestylehomes.ca for information about quick possessions in our other fine communities