Real estate market developments in western Canada point to many likely positives in 2019. Condo buildings are going up in both Edmonton and Calgary and in other areas in the west and that points to increased real estate transactions despite a still relatively slow economy in Alberta. A Calgary builder is erecting a 19-storey condo building in the Beltline with an aim of enticing investors.
Home builders in Wild Rose Country say the industry is in a dire straits situation. Real estate transactions in Alberta are affected by a myriad of forces, including market fluctuations and supply and demand. Builders believe that the market is suffering from many uncertainties and the fact that more people are taken out of the market because the prices of homes are out of their reaches. With fewer builds come fewer construction jobs.
Those who are looking for affordable homebuying markets in the country should pay attention to Wild Rose Country. Alberta still tops the list of affordability when it comes to residential real estate. Wages in Alberta have kept pace with housing prices -- one of the primary reasons potential homeowners can still think about buying their dream homes that are still within reach.
The Wild Rose Country has only received about 20 per cent of the cannabis it ordered because there seems to be a shortage of the herb. Since the legalization of marijuana on Oct. 17, many entrepreneurs have been wanting to get on the bandwagon to set up cannabis shops. But Alberta has put a stop to issuing store licences because there's nothing to sell, which is affecting commercial real estate transactions.