AFFORDABILTY:
Calgary is a very affordable place to purchase real estate of the larger, major cities in Canada allowing investors to get in to the market around half the price of Toronto and Vancouver.
Benchmark Home Price January 2023:
* Calgary - $622,800
* Vancouver - $1,111,400
* Toronto - $1,078,900
STRONG ECONOMY:
Our thriving oil & gas sector is once again bringing great prosperity to the city in the current post COVID times. Calgary also has the highest head office concentration per capita in Canada, and the highest GDP per capita of the major Canadian cities. We are also home to the highest concentration of high-tech workers Canada wide.
* stats from Calgary Economic Development 2023
A VERY STRONG RENTAL MARKET:
Calgary is nicely situated as Canada's 4th largest urban center and offers a vast array of people looking to rent. Families, students attending universities and colleges, professionals at all levels, executives seeking rentals, film and television industry workers, and everything in-between. Our rental market is booming!
NO RENT CONTROL OR CAP ON RATE INCREASES:
Calgary, much to the dislike of tenants, has no rent control and there is no limits by which a landlord may raise their tenants rent. Rental rates for 2023 are currently stated to be at a 16 year high. This strong market is driven by economic growth, migration from other provinces in search of cheaper living, and higher borrowing costs for mortgages.
HIGH INCOME:
According to the 2022 census data, Calgary has the highest median after-tax income of all the major cities in Canada. Higher household incomes many times lead to a higher monthly spend on housing. Calgary's rent rates will never match the rates in Vancouver or Toronto, but you will pay significantly less for your revenue property here than in those cities.
NO PST:
Unlike other major Canadian cities Calgary has no provincial sales tax, making goods and services much more affordable.
OTHER THINGS TO CONSIDER:
10% DEPOSIT
TURNKEY INVESTMENT
SHORT TERM RENTAL (AIR BNB, VRBO) IN
CALGARY & CANMORE.
LONG TERM RENTALS
PRESALE CONDO'S & TOWNHOMES
IN GREAT NEIGHBORHOODS
SOME DEVELOPERS OFFERING 1 - 2 YEAR RENTAL GUARANTEES
FOURPLEXES STARTING UNDER 1M
TRIPLEXES STARTING UNDER 800k
HALF DUPLEXES STARTING UNDER 450K
TOWNHOMES STARTING UNDER 400K
CONDOS STARTING UNDER 275K
CONTACT ME TO DISCUSS INVESTING IN CALGARY:
188 15th Ave SW, Calgary, Alberta, T2R 1S4, CAN