Throughout the entire Coronavirus outbreak, Canada’s real estate sector has been on fire. From British Columbia to the Maritimes, home values and sales activity are setting records.
The Canadian Real Estate Association announced just recently that house prices have increased by 21 percent on average since January 2021, as the pandemic winds down and we return to normal.
By 2022, where can a savvy investor get the greatest return on their investment? Investing in Calgary makes sense.
Investing in Calgary: 5 reasons
- It’s a great time to invest in Calgary real estate
Inventory levels are at their lowest level since 2006, according to the Calgary Real Estate Board. Calgary is poised to invest a lot in 2021 due to the low inventory levels. Alberta had a net migration of 4,500 citizens,royallepagebenchmark.ca many of whom moved from Canada’s larger cities and suburbs to smaller, more affordable towns.
In addition to the increase in remote working, leafier neighbourhoods are becoming increasingly popular in the city centre. As one of the most diverse cities in Canada, Calgary is also home to many new Canadians who are drawn to the energy and technology industries. The city of Calgary is seeing a surge of new Canadians, retirees, skilled workers, and remote workers. Calgary real estate investors are in a good position right now.
- Investments in Calgary are investments in your well-being and health
Calgary is a world-class skiing destination nestled in the foothills of the Rocky Mountains. With over 20,000 acres of parkland and more than 800 kilometres of trails and pathways, Calgary has the most extensive network of urban pathways in North America. The Olympics have been held in Calgary, and its Olympic park has been used as a training facility by amateurs and professionals alike and will probably be used in some future Winter Olympics. As Forbes magazine has noted, Calgary has the cleanest air and water in the world. As the new normal shifts our focus toward sound ecological practices and an appreciation for the outdoors, the city should see growth year over year.
- Sales taxes are not collected in Alberta
It will be a welcome relief from the 15 percent harmonised sales tax charged in other provinces if the cost of living is a concern for you. In essence, Alberta residents receive up to 10 percent off on almost all of their expenses just by living here.
- A growing number of people are interested in Copperfield townhomes in Calgary’s southeast.
As costs for new construction increase and average house prices continue to rise, many people are finding it more difficult to afford their dream home. The demand for townhomes is booming in this new reality. Although Copperfield Townhomes can start at comparatively low prices, the average Calgary home is worth $670,000. These first steps on the home buying ladder are easily accessible to downsizing retirees, first-time buyers, and newcomers alike. Buying, maintaining, and renting Copperfield townhomes is more affordable. These houses are also a good investment option.
- Copperfield real estate in Calgary is close to everything
It has been discovered that Copperfield, Calgary, is a charming suburb that makes a great place to settle down or raise children. With over 7,200 residents, Copperfield is close to shopping and restaurants as well as major attractions. The Copperfield real estate market is very competitive and homes do not stay on the market long. Copperfield townhomes are a great value in an up-and-coming area that is worth looking into.