Calgary Buyers Guide
"Real estate investing, even on a very small scale, remains a tried and true means of building an individual's cash flow and wealth." - Robert Kiyosaki
Calgary provides ideal real estate conditions and lifestyle options for those discerning buyers looking for an opportunity to buy affordable, but luxurious real estate. The city is centrally located in the province of Alberta and is home to over 1,200,000 people. It is easily accessible domestically from all majour Canadian cities and internationally by plane. The city, aside from being the hub to Energy West, has become a popular tourism destination for its unique combination of modern living and easy access to the great outdoors of the Canadian Rockies.
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The Northwest Mounted Police first built their western detachment in 1884 and the city was incorporated ten years later in 1894, the area has a long history of importance being the gateway to the west. Today, it is a modern, thriving city with numerous benefits to home buyers. A top tourist destination and a strong commercial economy have helped Calgary to become an ideal place to own real estate. Calgary is Western Canada’s transportation and distribution hub and is home to over 135 corporate head offices, the highest per capita in Canada. Calgary has the youngest, best-educated workforce in Canada — 60% of Calgarians have post-secondary education.
Calgary has over 8,000 hectares of parkland within the city limits and the beautiful Canadian Rockies with UNESCO Banff National Park are just an hour away. The Globe and Mail recently ranked the Calgary Folk Music Festival among the Seven Musical Wonders of the World. Over 1 million people visit the Greatest Outdoor Show on Earth, the Calgary Stampede, every year.
There is no provincial sales tax in Alberta.
Real Estate Market in Calgary, Alberta
As diverse as the history and the economy is here, so is the real estate market. Buying in Calgary provides residents with incredible views and access to the beauties of the Canadian Rockies and the gateway to Western Canada.
When considering what to buy in Calgary, buyers have numerous options. There are many established neighbourhoods with good schools, trendy neighbourhoods with great local shops and restaurants, and a vibrant downtown core with an affordable to the high-end condominium. There are many new developments springing up in Calgary. For more traditional housing, select properties in the inner-city and downtown areas. Homes are smaller but offer more traditional features. Many homes were built in the 1950s through the 1970s. As a result, modern, stylish homes are also available in various neighborhoods within the city.
Home values are growing year-after-year and remain affordable compared to other majour Canadian cities like Ottawa, Vancouver, and Toronto. The median selling price for the year to date real estate for 2020 is $480,000.00, which is about a 1% increase from the previous year. In the same year, about 23,709 active listings for sale, lower than the 24,227 from the previous year. This shows demand for real estate in Calgary and the surrounding areas. Year to date there are four and a half months of inventory representing a balanced market and an ideal market for buyers looking to take advantage.