Calgary Real Estate Investments – Why Invest in Calgary Condos?

July 10, 2013
By Cody Battershill

Calgary Real Estate Investments - Why Invest in Calgary Condos?

Why 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 was ranked as the best place to live in Canada 2013 by MoneySense Magazine.

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.

Calgary was named as the 5th best city to live in the world by the Economist Livability Survey for three consecutive years – 2010, 2011, 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.

Calgary has been named as a top global financial centre in the world by Z/Yen Group’s Global Financial Centre Index 2013.

Calgary is currently one of the best places for condo investments in Canada.

More Attractive Factors

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.

In 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.

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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.

If 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!