Investing in Calgary Real Estate in 2023
Latest Calgary Pre-Construction Releases
Imperia
273 Units, 27 Storeys | By Truman
- 11 Avenue SouthWest & 4 Street Southwest, , Calgary, AB
Sovereign
155 Units, 12 Storeys | By Homes by Avi
- 205 17 Avenue Southwest, Calgary, AB
Horizon
314 Units, 5 Storeys | By Truman
- 8 Avenue NE and 84 St NE, Calgary, AB
Top 4 Reasons to Invest in Calgary Real Estate in 2023
Better Pricing
As of September 21, 2022, the average sale prices in Calgary are less than half of those in Toronto and Vancouver, and notably lower than Ottawa and Montreal. This favorable pricing enables easier entry into the market, particularly for investors aiming to make a 10-20% down payment.
Quality of Life and Amenities
Calgary offers an exceptional quality of life, with a high standard of living, excellent educational institutions, and a wide range of recreational and cultural amenities. The city’s vibrant lifestyle and strong sense of community make it an appealing location for real estate investment.
Tax Benefits
Alberta residents enjoy the advantage of a sole federal sales tax of 5%, resulting in substantial savings compared to the 13-15% HST in other provinces. What’s even better is that Alberta has no land transfer tax, making the process of selling a home more cost-effective compared to other regions across the country.
High Demand and Low Vacancy Rates
Calgary experiences a high demand for real estate, driven by a growing population and a thriving business ecosystem. The city’s low vacancy rates indicate a strong rental market and potential for consistent rental income.
Source: https://calgaryherald.com/life/homes/calgary-vacancy-falls-to-lowest-point-in-nearly-a-decade
Frequently Asked Questions
Calgary offers lucrative opportunities with its stable economy, favorable investment climate, and growing industries. The city’s competitive affordability and high demand make it an attractive market for investors.
Calgary’s rental market has been robust, driven by a growing population and a strong demand for housing. With increasing rental competition, investors have the potential to enjoy a good return on their investment in the form of rental income.
While market conditions can fluctuate, many investors consider it a favorable time to invest in Calgary real estate. The city has been experiencing growth and development, with a strong economy and increasing population. Factors such as affordable prices, rental demand, and government support for investment contribute to the positive investment outlook
While market conditions can fluctuate, many investors consider it a favorable time to invest in Calgary real estate. The city has been experiencing growth and development, with a strong economy and increasing population. Factors such as affordable prices, rental demand, and government support for investment contribute to the positive investment outlook
Contact Us
We'd love to hear from you
Feel Free to contact us with any questions you may have
Contact
120 Willowdale Ave, North York, ON M2N 4Y2, Canada
© 2023, Bay Street Group willowdale. All rights reserved.
