Calgary's Home Builders, take note! Here are some quick facts that could impact your business:
- Population Surge in Alberta: Last year marked a historic moment with Alberta witnessing its most significant population surge in over four decades. The province's overall population grew by a remarkable 194,000 in the past 12 months, reaching a staggering 4.7 million. This reflects an impressive annual growth rate of 4.3%, the fastest since 1980.
- Projected Growth (2024): The Conference Board of Canada foresees a continued upward trajectory, projecting a 3.9% increase in Alberta's population for the year 2024. This growth bodes well for the housing market and construction industry.
- Alberta is Calling Campaign: Anticipate another phase of the Alberta is Calling campaign in 2024. This initiative aims to attract skilled workers to the province, aligning with the ongoing economic expansion. As part of the campaign, the Alberta is Calling signing bonus offers up to $1,200 to newcomers relocating to the province, especially those in high-demand sectors like health care and trades.
- Calgary's Prospective Home Buyers: An intriguing statistic for local home builders - 3% of Calgary's adult population is 'intending' to purchase a new build home. That's a substantial 108,522 individuals actively looking to build their dream homes in Calgary. Notably, almost 2/3 of these prospective buyers rely on the Calgary Herald or Sun, whether in print or digitally, for their news and information.
?? The future looks promising for the home construction industry in Calgary. Seize the opportunities presented by population growth, economic expansion, and the evolving preferences of potential homebuyers. Increase your marketing effectiveness by reaching those looking to build a new home, with the Calgary Herald and Sun advertising solutions! Support the local media platforms that your audience uses.
