Calgary: Top Alberta Real Estate Investment Market 2014
- November 23, 2014
- By Cody Battershill
Calgary One of the Best Places to Invest in Alberta in 2014
Alberta’s two largest cities – Calgary and Edmonton – top the list in a recent report released by the Real Estate Investment Network (REIN) for best investment markets in the province.
Below are the scores from REIN for 11 Albertan municipalities. Search All Investment Properties in Calgary now.
Top Municipal Rankings
- Edmonton – 45 total points
- Calgary – 44 total points
- Fort Saskatchewan – 43 total points
- Airdrie – 41 total points
- Red Deer – 39 total points
- St. Albert – 39 total points
- Cold Lake – 38 total points
- Lloydminster – 38 total points
- Fort McMurray – 36 total points
- Grand Prairie – 36 total points
- Leduc – 34 total points
How They Are Scored
REIN measures and allocates scores for five different categories including:
Accessibility – 8 potential points
- Roadways
- Bridges
- Airports
- Public transportation
Political Climate – 8 potential points
- Rent control
- Secondary suite legislation
- Pro-business environment
- Good measure of economic development
- Secondary suite legislation
- Rent control
- Commercial and residential mill rates (property taxes)
- Is the city pro-business development
- Solid economic development plan
- See more at: http://www.reincanada.com/aboutus/media-news/press-releases/real-estate-investment-network-releases-its-brand-new-rein-score/#sthash.9QogsqGb.dpuf
Investors Insights – 10 potential points
- Vacancy rates
- Rental trends
- Call volumes on rental ads
- Listing price / sale price ratio
Yield Growth Potential – 12 potential points
- Housing prices / rent ratio
- Potential of rental price increase
Economic Risk – 12 potential points
- Gross Domestic Product (GDP)
- Post-secondary institutions and education
- Infrastructure including hospitals, sewers, schools
- Employment growth
- Population growth
Both economic risk and yield growth potential are the two most important factors listed above.
With nearly half of the total points any municipality can score, they examine things such as the gap between rent / home prices and income levels, employment growth and other factors that would indicate the future state of the economy.
Calgary scored 8/8 for accessibility to transportation, 6/8 for political climate, 9/10 for investors’ insights, 10/12 for yield growth potential and 12/12 in the economic risk category.
As long as Calgary continues on its path of economic prosperity, interprovincial and international migrants will continue to relocate to the city creating great opportunities for real estate investors.
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