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Calgary Real Estate Investments – Why Invest in Calgary Condos?

  • July 10, 2013
  • By Cody Battershill

Calgary Real Estate Investments - Why Invest in Calgary Condos?

Drake New Calgary Condos Beltline Community ConnaughtWhy should you invest your time and money into Calgary condos? Well, here are several factors that make the City of Calgary one of the best current places to purchase a condo either for real estate investments or for personal use.

If you have any questions about Calgary condos, contact a Certified Condo Specialist today! Call me anytime or message me below for a prompt response.

Reasons to Invest in a Calgary Condo

  • Calgary is home to Canada’s hottest real estate market - says the Canadian Real Estate Association 2012.
  • Calgary is the best place for real estate investments in Canada – says the Real Estate Investment Network 2012.
  • The city is also #1 in North America for returns on investment – says the Investment Property Databank 2012.
  • Alberta has the highest average weekly incomes in Canada for payroll employees who don’t work on a farm in 2012 – says Statistics Canada.

More Attractive FactorsPrinceton Calgary Luxury Condos

A decreased supply of available condominiums and increased demand is beginning to drive prices for Calgary condos up, see the statistics yourself at our Calgary Real Estate Market Update May 2013.

Tens of thousands of people are migrating to Calgary every year. In April of 2012 the city’s population had increased by 30,000 people over the past year to approximately 1,120,000. Many of these people initially look for a smaller residence to rent such as  condominiums or townhouses.

Employment growth in 2013 and 2014 are projected at 2.8 percent and 2.9 percent respectively. It is expected that more people will continue to move to Calgary in the following years to fill these positions.

The Province of Alberta has the second lowest unemployment rate in Canada, sitting at 4.4% in May of 2013. Low unemployment is another enticing factor for inbound migrants in search of jobs.

3 Eau Claire New Downtown Calgary CondosNew Downtown Calgary Condo Model in Calgary AlbertaIn January of 1991, Calgary condos cost an average of $85,007. The average sales price in April of 2013 was $311,616. That’s an increase of approximately 366.5 percent!

Calgary, Alberta has some of the lowest taxes in Canada and a very high standard of living, another very attractive feature of our province to those inbound.

The city is home to the largest concentration of head offices per capita and has the highest average income per capita in Canada. These companies make up the backbone of new employment opportunities in Calgary.

Investment capital entering the province of Alberta on an annual basis is estimated to be in the tens of billions of dollars.

Downtown and inner city Calgary condos can be more affordable than their single-family home counterparts and in some instances offer a location that best suits the lifestyle needs of those who work in these areas.

These condominiums are being built in a location that should always be in high demand, especially considering Calgary is one of the most focused downtown cities in North America with approximately 230,000 people working in the city centre.

Calgary Real Estate Investments

There are currently many great opportunities for successful Calgary real estate investments. Several new condominium projects are underway in the downtown and inner city areas. See for yourself at our New Calgary Condos Summer Update 2013.

Get the best advice Calgary real estateIf you would like to know more about these up and coming projects or have any questions about real estate investments in Calgary, call me anytime at 403-370-4180 or message me below. I would love to help you accomplish your investment goals!

Also be sure to see Why You Should Buy Calgary Real Estate for even more reasons to invest our real estate!Satisfaction Guaranteed Remax Calgary

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Category: Blog, Buying Tips