As one of the largest cities in Alberta, Calgary has long been known as one of Canada’s most desirable places to live. With its combination of world-class amenities, stunning natural beauty, and thriving economy, it’s no wonder that Calgary is one of the hottest spots for real estate investment in the country. Here are three reasons why investing in a home in Calgary is a great idea.
1. Affordable Housing:
Despite its status as one of Canada’s largest cities, housing prices in Calgary remain some of the most affordable among major Canadian cities. According to stats from the Canadian Real Estate Association (CREA), the average price for a detached bungalow in Calgary was just over $491,000 CAD in 2020—which is significantly less than comparable homes in Vancouver or Toronto. That makes buying a home much more attainable for potential buyers who may not have the budget to purchase property in other large cities.
2. Booming Economy:
The economic climate of Calgary is strong and growing even stronger thanks to an increase in oil production and diverse growth sectors like technology, finance, and health care services. The city has seen record job growth over the past few years, making it an attractive destination for people looking for new employment opportunities or those seeking to establish their own businesses. This creates greater demand for housing which can benefit homeowners looking to move their properties quickly or landlords looking for reliable tenants for their rental units.
3. Quality Lifestyle & Amenities:
In addition to strong job opportunities and affordable housing costs, residents of Calgary also enjoy access to premier lifestyle amenities like top-notch restaurants and cultural attractions like festivals, art galleries, parks and more. Crime rates are among some of the lowest in all of Canada which means that families can feel safe settling down here with peace of mind knowing they will be taken care off well by law enforcement agencies and local governments alike.
Conclusion: With everything it has going on—affordable housing costs, booming economy with plenty job opportunities available, and quality lifestyle & amenities that are second-to-none—it’s easy to see why so many people are choosing to buy property in Calgary right now! Investing in real estate here can be both profitable as well as enjoyable so start your search today if you’re ready! Aspiring homeowners interested should consider purchasing a home or renting an apartment here if they want to be part of this vibrant city that’s full of life!