Why Should You Buy Calgary Real Estate?

July 7, 2013
By Cody Battershill

Why Should You Buy Calgary Real Estate?

Calgary, Alberta is…

Canada’s #1 performing real estate market – Canadian Real Estate Association 2012

Canada’s #1 city in which to invest in real estate – Real Estate Investment Network 2012

North America’s #1 city for return on investment – Investment Property Databank 2012

If you’re looking to buy real estate in Canada, then Calgary is the place to do it! There are many reasons for this, a few of them above which are undeniable facts in themselves. But there’s more…

Where should I begin? Calgary has been the recipient of so many prestigious national and international accolades, a few of them include…

Economist - 5th Best City to Live in the World from 2010-2012

MoneySense - Best City to Live in Canada 2013

Mercer - Cleanest City on Earth in 2013

Calgary also one of the most financially viable places to relocate in all of Canada with an expected employment growth rate of 2.8% and 2.9% in 2013 and 2014 and the highest average incomes in the nation! What’s not to like about that?!

Are you moving to Calgary? Learn everything you need to know about the city at our Moving to Calgary guide!

More Reasons to Buy Calgary Real Estate

From 2003 to 2007 home prices in Calgary increased by almost 120 percent. Needless to say in 2008 the stimulated market lost its momentum with the economic downturn.

However, 2012 ushered in a new beginning for Calgary’s residential market as it began to pick up steam once again, finishing the year off on a very strong note.

In 2012, Calgary’s residential real estate market saw an astonishing 15 percent increase in sales and an increase of 5 percent in benchmark price over 2011.

Calgary home prices and sales have continued to perform well in 2013 with record high median and average benchmark prices for single-family homes and increased year over year home sales.

A Strong Economy

Besides increased home sales and strong prices, Calgary also heightens its appeal as a place to live through a consistently strong economy giving both locals and inbound migrants opportunities they might have never dreamed of such as a high paying entry level job in oil field services.

The energy sector is especially responsible for stimulating Calgary industries and is a main reason why it has outperformed other metropolitan areas during economic downturn.

What Does it All Mean?

Things are pointing towards increasing home prices for Calgary real estate over the long term. Just look at the change for yourself since 2003 as mentioned above!

Let’s not forget that even though today’s real estate market might have record benchmark prices, it doesn’t mean that you can’t still find an amazing piece of real estate for an amazing price in Calgary.

While I can never guarantee what will happen in the real estate market, what I can do is to help guide you into making the best, most informed decisions when buying Calgary real estate.