Of the many burning questions clients ask us, one of the most popular is: “How is the Calgary real estate market? Should we invest? When should we invest?” With the pandemic causing so much uncertainty throughout 2020 and 2021, the answer wasn’t necessarily clear. However, because banks and governments have kept interest rates and lending rates low to help protect the economy, many investors and first-time buyers have found that it is the perfect opportunity to take advantage. From an investment property venture to buying or selling a principal residence, now is one of the best times to be in the market..
Read on to learn a little bit more about Calgary House Finder, and how their knowledge of the current market trends and home prices can help you decide whether or not you want to invest in Calgary’s growing economy.
Just north of the border with the United States, Calgary is located in the province of Alberta on the eastern side of Canada. It is Alberta’s largest city and the fourth-largest city in the country. Record-high oil prices led to a surge in Calgary’s economy in recent years, attracting many immigrants from around the world and adding to the city’s value. However, more recently Calgary’s economy has been in a slump, partially due to the reduction in demand for oil.
Still, the city is continually developing, providing housing and many opportunities for its residents. With the health, education, and business sectors growing, and the real estate market on fire as we wind down into the final stages of the pandemic, more and more high-earning professionals are moving (or returning) to Calgary.
The city isn’t far behind Toronto in having the second-highest concentration of headquarter offices. This means that companies are here to stay. And the city’s landscape keeps residents and visitors healthy and entertained with annual festivals, expansive parks and wetlands, the Bow River, and exploration of the nearby Canadian Rockies.
The city has an appreciable amount of culture, including musical theatres, various museums, restaurants that serve cuisine from around the world, and Canada’s Sports Hall of Fame. So is Calgary a good place to invest in real estate? It sure is!
Our real estate professionals can help you search for Calgary houses for sale, so come join us!
Even with COVID-19 still an issue, the market is doing well, and buyer and seller confidence is up. People have come to see that they can still buy and sell property via online and limited in-person contact.
Consequently, sellers who had delayed posting their home’s listing have taken the plunge in 2021 while buyers are taking advantage of low lending rates and improved savings. Case in point: March 2021 saw the highest number of sales in over a decade.
If you’re a real estate investor or looking to become one, now is the time to stop shopping and start investing. There are many affordable deals available, from rental properties to single-family homes that will pay off later down the road.
While the market is pretty good, the forecast is that there will be some factors that prevent further improvements:
Calgary House Finder keeps track of market trends and investment opportunities, so get in touch with us to determine the right investment property for you.
As of March 2021, the numbers indicate that Calgary is a sellers’ market right now. Whether you’re looking for a rental property or a principal residence, here are the benchmark prices of Calgary’s districts:
In the northwest part of the city, consider checking out our Evanston homes for sale. Of course, you don’t want to be limited to just the Evanston neighborhood, so feel free to jump into the houses for sale in Calgary NE, or browse the houses for sale in Calgary NW.
Note: The benchmark price is the price forecasted for a general type of home within a certain area.
For a proper investigation of Alberta real estate investment options, consult our team.
Depending on their situation, investors should evaluate a few real estate aspects before diving into an investment like a rental property.
Make your real estate investment decisions with the help of Calgary House Finder!
Calgary, Alberta is one of the Canadian cities to be in right now with its affordable properties and stable rental market.
Contact us today for more information.
Rental investments are like mountains - solid and robust, becoming more valuable with time.
Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS® System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.'