There has been a lot of chatter these days about whether the real estate market is rebounding or still sagging.  This seems to change from day to day and depends on who you ask.  It is important to remember that a house can still be considered a long term investment.   When you purchase a home, it is important to know the long-term projections for the community you plan to buy in. 

Do you know what the long term growth projections are for Chestermere?  How about some of these numbers?

That in the year, 2056, the population of Chestermere is expected to be 62,526 people. That is an increase of over 55,000 people from the population in 2006 ( 9564 people)

How about this statistic..

 that by 2016, the annual population growth rate will be 17.6%.

This is comparable to the predicted annual growth rate of 20% for the City of Calgary.

 That means that these new residents will need somewhere to live.  Of course some of these people will purchase new homes if they are available. But what about all the others who will be looking for a resale home or even prefer an older home in an established neighbourhood.

 We know historically house values have increased in value over the long term.  In the meantime, we all need a place to call home.  Why not live in next to Calgary, a city considered one of the best places to live in Canada. 

Are you investing in your future for the long term?

 Food for thought….

 Corinne  Watson
Chestermere Realtor
cwatson@cirrealty.ca
403.921.SOLD

Source:http://www.chestermere.ca, Growth study, March 2007 Update report