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Kings Heights Airdrie

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Kings Heights Airdrie

 

Record activity in housing market outside Calgary – Airdrie, Okotoks and Cochrane set new sales peaks

CALGARY – The heat from Calgary’s sizzling resale housing market is reaching out to communities outside the city as Airdrie, Okotoks and Cochrane have experienced record MLS sales.

In a report released Wednesday, the Calgary Real Estate Board said housing activity in Calgary’s surrounding communities continued at a brisk pace with record-setting quarterly sales in those three centres.

Year-to-date, 2,938 units were sold in surrounding towns until the end of June, a 30.46 per cent increase over last year.

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Shayna Nackoney Skauge

Airdrie home prices could rise after Calgary service fee hike

House prices in Airdrie will likely be going up soon thanks to that city’s big southern neighbour. The City of Calgary is increasing the fees it charges Airdrie for water and sewer services. As a result, new houses in Airdrie will likely cost as much as $2,000 to $3,000 more. “A two grand hit is a big hit,” said developer Kent Sillars, president of the Vesta Group of Companies. Sillars said his company will try to absorb the price hike in the short term. “It will not be an impact in our product group in Williamstown for example overnight,” he said.

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