Canada’s real estate sector has been on fire throughout the entire coronavirus pandemic. All sectors of the market have seen unprecedented growth from B.C. to the Maritimes with record setting home valuations and sales activity.
Even as the pandemic winds down and we see a return to normal, the Canadian Real Estate Association has just released January numbers, which show a 21 percent increase on average house prices since January 2021.
Heading into 2022, where can an astute investor get the best value for their real estate dollar? Investment in Calgary is a wise choice.
5 reasons to make an investment Calgary
- Investing in Calgary real estate is hot right now
The Calgary Real Estate Board is reporting inventory levels at lows not seen since 2006. This lack of inventory shows serious investment in Calgary in 2021. Alberta had a net migration of 4,500 citizens, many of them choosing to move from Canada’s busier hubs to more affordable smaller cities and suburbs. The increase in remote working has also contributed to a redistribution of the population from city centers to leafier neighbourhoods a little further out. Calgary also attracts many new Canadians who are drawn to opportunities in the energy and tech industries, making Calgary one of the most diverse cities in Canada. New Canadians, retirees, young skilled workers, and remote workers are all flocking to Calgary. Those who are presently investing in Calgary real estate have every reason to be optimistic.
- An investment in Calgary is an investment in your health and well-being
Nestled in the foothills of the majestic Rocky Mountains with easy access to Banff and Jasper which are both world class skiing destinations, Calgary is an outdoor paradise with over 20,000 acres of parkland with over 800 kilometers of trails and pathways making it the most extensive network of urban pathways in North America. Calgary has hosted the Olympics and its Olympic park has become a training facility for professionals and amateurs alike and will likely see a return to use in some upcoming Winter Olympics. Forbes magazine has declared Calgary the cleanest city in the world with fresh air and water in an abundance. This city should see year over year growth as the new normal shifts our emphasis from strictly dollars and cents to incorporate a work life balance that places a priority on sound ecological practices and a new appreciation for the outdoors.
- Alberta has no provincial sales tax
If cost of living is a concern for you, then you will find the 5 percent federal sales tax a welcome reprieve from the 15 percent harmonized taxes charged in other provinces. In its simplest terms, residents receive up to 10 percent off on almost all your expenses just for living in Alberta.
- Copperfield Townhomes located in Southeast of Calgary are gaining in popularity.
The dream of home ownership usually includes a single family home with the picket fence, but as costs for new construction and the unprecedented increase in the average house prices across Canada, this dream is becoming more difficult for many to afford. This new reality is seeing a boom in the demand for townhomes. The average home for sale in Calgary is $670,000, but Copperfield Townhomes can start comparatively low. Downsizing retirees, first-time buyers, and newcomers can all access this first step on the home buyers ladder. Copperfield townhomes, as are less costly to purchase, maintain, and rent out. They are also an easy way to start investing in Calgary real estate.
- Homes for sale in Copperfield, Calgary are close to all the action
Copperfield, Calgary, has come to the attention of investors and individuals who have found this charming suburb a perfect place to raise their families or to retire. Copperfield has a population of over 7,200 residents who enjoy the easy access to shopping and restaurants, the great outdoors and major attractions. Homes for sale in Copperfield, Calgary are highly sought after and don’t stay on the market long. Anyone looking for great value in an up-and-coming area would be wise to put Copperfield townhomes on their list.
With over 32 years of real estate industry experience, Vesta Properties is committed to making choices that add value to our homeowner’s everyday lives. That’s how we have built over 5,000 homes in award-winning neighbourhoods and brought the first concrete high-rise Towers in Langley BC. Are you interested in investing in Calgary real estate or viewing our Copperfield townhomes? Call us today.
FAQs
Overall, it is evident that a booming economy, population growth, low taxes, stable home prices, and a high-quality lifestyle make Calgary one of the most attractive areas for planting new roots, real estate investing, and enjoying stellar living standards.
Why invest in Calgary real estate? ›
As Canada's third-largest city, Calgary attracts home buyers from across the country who are looking for a cosmopolitan yet affordable life in the Prairies. The city boasts a strong economy and job market, supported by the agriculture, energy and technology industries.
Is it good time to buy house in Calgary? ›
Favorable Market Conditions
With steady demand and moderate price growth, Calgary offers a stable environment for homebuyers. The city's diverse housing inventory, including single-family homes, condominiums, and townhouses, provides buyers with ample options to suit their preferences and budgetary considerations.
Why is Calgary housing market so hot? ›
Calgary's resale housing market is gearing up for a busy spring and summer despite interest rates holding steady at five per cent. Calgary has been bucking the national trend for years due to increased migration leading to low inventory, and sellers continue to cash in on the frenzy.
Is Calgary a buyers or sellers market? ›
Calgary to remain a seller's market in 2024 as demand continues to outpace supply: CREB. Calgary's housing market conditions are expected to loosen this year, but sellers will likely remain in control, according to the Calgary Real Estate Board's (CREB) annual forecast.
Why is Calgary such a good place to live? ›
It is unique due to its low sales taxes, work opportunities, proximity to the Rockies and being rated the cleanest city in the world. If you are a Canadian resident looking to move, or a newcomer to Canada, read on to see why you might consider making Calgary your new home!
Why is Calgary one of the best places to live? ›
Top Reasons to Move to Calgary, Alberta. Calgary's strong job market, convenient location, rich culture, and beautiful natural scenery make it easy to see why it is such a popular place to live. In fact, in 2023, the Economist Intelligence Unit ranked Calgary as the seventh most livable city in the world.
Is Calgary real estate booming? ›
Calgary Housing Market Summary. Data from the Calgary Real Estate Board (CREB) indicates that the average price of resale residential homes sold across Calgary in March 2024 was $580,400, and it increased of 10.9% compared to a year ago.
What is the prediction for real estate in Calgary? ›
With housing prices expected to continue to climb over the next few years, homebuyers and sellers can also expect the Calgary housing market forecast for 2025 to be similar to this year's growth projections. The average price for a Calgary home is expected to increase to $810,000 by 2025.
Is Calgary real estate hot? ›
House flipping in Calgary's red-hot real estate market has surged to the highest level of any major metropolitan area in the country, according to new data from the Bank of Canada. The latest statistics show 6.5 per cent of homes sold in the Calgary metropolitan area were resold within 12 months.
Calgary's long-standing reputation for being one of the world's most livable cities makes it a great place to invest. It is consistently ranked high on livability indexes that recognize its quality of living, safety, healthcare and education.
Is Calgary real estate overpriced? ›
Homes in Calgary are much more affordable than homes in Toronto and Vancouver. Calgary is only slightly less affordable than Montreal's larger housing market. Yet, over the past four years, prices have risen, and affordability is declining fast.
Why is Calgary booming? ›
Despite the dampening effect of higher lending rates on housing demand, the influx of migrants has kept the demand for housing particularly buoyant, especially for more affordable options within the market. Calgary's population is projected to grow by 62 residents daily for the next several years.
What is the Calgary real estate prediction for 2024? ›
The real estate board is predicting a 9.5% increase in condo prices in 2024 which should bring most condo prices to new heights. As we start 2024 we are entering with some of the lowest inventory levels in history.
Which area is best to buy a house in Calgary? ›
Best Neighbourhoods for a Family Home in Calgary
- Tuscany. Tuscany is a northwest Calgary community known for its excellent schools and family-oriented atmosphere. ...
- Signal Hill. Signal Hill is in the southwest part of Calgary and is well-regarded for its schools and proximity to amenities. ...
- Woodbine. ...
- Cougar Ridge. ...
- Aspen Woods.
Calgary home prices to rise 6.5% in a seller's market: CREB 2024 forecast Back to video. Calgary's real estate market is struggling to keep up with demand despite hitting new highs for housing starts, according to Calgary Real Estate Board's (CREB) annual outlook report, released Tuesday.
Is rental property a good investment in Calgary? ›
Real estate can be a lucrative option for investors seeking long-term returns. In Calgary, the real estate market has shown steady growth over the years, making it a prime location for investing in rental properties.
Is Calgary good for rental property? ›
Having a rental property in Calgary has many benefits, including acquiring a steady income stream, getting tax deductions, and building equity. Calgary's real estate market is constantly evolving, so it's important to understand the local landscape well.
