Found 1 blog entry tagged as Vacancy Rate.

The aftermath of the Calgary flooding last month has created an anomaly in the Calgary real estate market. Many homeowners displaced by the recent Calgary flooding were located in affluent Calgary communities along the Elbow River with multi-million dollar properties. These owners along with those renting suddenly needed a place to live and went searching the market place to find any suitable properties listed on the Calgary MLS®.

According to Tink International Real Estate agent, Thomas Keeper, there's a “crazy” volume of activity in the luxury home market, with buyers rushing in. Homeowners in affluent neighbourhoods along the Elbow River, who were greatly affected by the flooding, are prompted in buying homes elsewhere, while their homes are being…

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