A recent Calgary Herald article reveals a new trend has emerged for home buyers...and they are heading for the hills.
Surprising to most, this pandemic has driven demand, whereas many were afraid the real estate market was going to come to a screeching halt. Data shows that people, through this COVID era, are looking for more space and less urban landscapes and thus are venturing outside of city centres to find it. A 2021 Scotiabank Housing Poll highlights "The Great Migration" as people want to get more for their money and do so by moving out of the city. Three in ten nationally, indicate a desire to move to more rural surroundings. In fact, Calgary Real Estate Board figures show a surge in home sales in bedroom communities like Airdrie, where they experienced a 149 per cent year over year growth in March.
- More value for their money in less urban areas
- The trend of working from home more leads to less of a need to commute so distance from office is no longer a factor for many as they decide where to settle down
- More time at home has people staring at their walls and paying attention to their surrounds more leading to a need for change
- Needs of the home and use of space have changed with the need for work-from-home/at-home-learning spaces
- Many people have experienced an improvement to their personal financial situation with spending less and saving more thus being able to afford to venture into home ownership or upgrade
Click Here for the full article, courtesy calgaryherald.com.