TOP REASONS TO INVEST IN CALGARY REAL ESTATE IN 2020
It’s counter-intuitive, right? Don’t you just invest where markets are hot, hot, HOT!?! Isn’t Alberta still in trouble? Well, here’s a few facts the bigger cities don’t want you to know:
- For the second year in a row, Calgary has been named the number 1 most livable city in North America. And for an entire decade, Calgary has been in the top 5 most livable cities in the world! (The Economist).
- Calgary is the third most affordable city in Canada (behind Winnipeg and Edmonton). (RBC Canadian Housing Reports).
- Alberta and BC are predicted to in lead the country in GDP growth in 2021, according to the Conference Board of Canada
- One hour’s drive to Banff and the Rocky Mountains – need we say more?
- The highest weekly and annual earnings (median, after taxes) in Canada are still in Alberta—even with a slower economy! (StatsCan)
- CMHC recently downgraded the (real estate) market vulnerability rating in Calgary to “Low Risk.”
- The best-performing real estate stock in Canada in 2019 has over 50% of its rental portfolio right here in Alberta (Mainstreet Equity Corp shares rose 89% in 2019!!)
- No land transfer tax, no sales tax—means a lower cost of doing business for real estate investors in Alberta.
- Most recently, 6.9% unemployment in Calgary; it continues to slowly trend downwards from its horrific peak in the winter of 2016 (StatsCan).
- Both inter-provincial and global migration continue to rise for Calgary (Calgary Civic Census and Stats Can).
- Residential vacancy rates in Calgary are approximately 4%–again a huge improvement from 2016! (CMHC)
