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Canada is a nation heavily dependent on the real estate industry which accounted for roughly 14% of its GDP in 2020 [126] and over 20% in 2023. [127] There is a high risk that if investor sentiment changes, buyer demand may drop significantly, triggering a vicious cycle of prices declines that snowball . [ 128 ]
Get the Medicine Hat, AB local weather forecast by the hour and the next 10 days.
Real estate economics is the application of economic techniques to real estate markets. It aims to describe and predict economic patterns of supply and demand . The closely related field of housing economics is narrower in scope, concentrating on residential real estate markets, while the research on real estate trends focuses on the business ...
Southern Alberta is a region located in the Canadian province of Alberta. In 2016, the region's population was approximately 291,112. [1] The primary cities are Lethbridge and Medicine Hat. The region is known mostly for agricultural production, but other sectors, such as alternative energy, film production and tourism, are emerging.
A 2005 study [2] of real estate commission rates, reported that realtors tended to charge, "about 5 percent to 7 percent of a property's selling price...". More recently, CBS News, "60 Minutes" television news magazine reported in 2007 that competitive pressure resulting from a record number of licensed agents has driven down the average sales ...
Choice Properties Real Estate Investment Trust, commonly referred to as Choice Properties, is a Canadian unincorporated, open-ended real estate investment trust (REIT) based in Toronto, Ontario. It is the largest real estate investment trust in Canada, with an enterprise value of $16 billion. [ 1 ]
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A municipal district (MD) is the most common form of all rural municipality statuses used in the Canadian province of Alberta.Alberta's municipal districts, most of which are branded as a county (e.g. Yellowhead County, County of Newell, etc.), are predominantly rural areas that may include either farmland, Crown land or a combination of both depending on their geographic location.
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