CALGARY- Home sales have seen a huge spike in Calgary’s bedroom communities, helping Airdrie, Cochrane and Okotoks record their highest third-quarter sales ever.
Sales in the town totaled 1,288 units, which is 22 per cent higher than 2012 numbers. Experts say it’s partly due to tight market rental conditions and a declining supply of affordable homes in Calgary.
“Affordability and lifestyle preference play a significant role for consumers considering surrounding communities,” says CREB president Becky Walters. “These areas tend to provide single-family homes that offer more features at a lower cost than what can be found in the city.”
The June flood also sparked demand, even taking into consideration weaker activity in High River.
As of September, a single family home in towns surrounding Calgary cost an average of $351,400, compared with $463,700 in Calgary.
What you can get for $350,000:
Airdrie:
This three bedroom, 1473 square foot home features 9′ ceilings and a gas fireplace.
Cochrane:
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This new, three bedroom townhouse features a large kitchen, master suite and a view of the mountains.
Okotoks:
This two-storey, four bedroom home has a double attached garage and master suite.
Calgary:
This two-storey, two bedroom home in the northwest community of Silverado is 1200 square feet.
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