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Why Calgary's Real Estate Boom Makes It the Investment Hub of 2023

In the world of real estate, timing is everything. And if you're looking for the next hot spot to invest in, Calgary is shining brighter than ever. Here's why:

Unprecedented Sales Record

September saw Calgary home sales touch the sky with 2,441 transactions. These numbers are not just digits; they tell a tale of a city where housing demand is thriving amidst global uncertainties.

The Inventory Crunch

A booming market usually leads to more listings. While Calgary did witness an uptick in new listings, the inventory remains tight, standing lower than last year by approximately 24%. This scarcity can drive up prices, making early investment potentially profitable.

Detached Homes: The Premium Choice

For those eyeing luxury, detached homes have witnessed significant demand. Notably, properties priced below $700,000 are scarce, indicating a shift towards premium housing.

Semi-Detached, Row Houses, & Condos: The Urban Dream

Semi-detached and row houses are the urbanite's dream. With a steady price increase of 11% and 17% from last year, respectively, they are a gold mine for potential investors. Furthermore, apartment condominiums are not lagging, showing a whopping 25% rise in year-to-date sales.

Why the Surge?

The Chief Economist at CREB®, Ann-Marie Lurie, points out the significant inter-provincial migration as a driving factor. As more people see the appeal of Calgary, the housing demand amplifies, despite challenges like higher lending rates.

Concluding Thoughts:

Calgary's vibrant housing market trends, combined with the allure of the city itself, make it a pivotal investment arena. The demand is strong, the numbers are promising, and the city's potential is unparalleled. Whether you're a seasoned investor or a first-timer, Calgary's booming real estate landscape beckons with opportunities galore. Don't miss out on this.

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1 Comment

Unknown member
Oct 06, 2023

I agree with you, Vatsal.

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