Why Invest in Calgary - Kelly Macdonald

WHY INVEST IN
CALGARY

Why Invest in Calgary?

Calgary is a vibrant city with a thriving economy and an excellent quality of life. As one of the fastest-growing cities in Canada, it presents a unique opportunity for investors looking to invest in real estate. Calgary is a city with a robust economy, driven by industries such as oil and gas, finance, and technology. Its business-friendly environment and low taxes make it an attractive destination for investors looking to maximize their returns. Additionally, Calgary boasts a high standard of living, with excellent infrastructure, healthcare, and education systems, making it an ideal location for long-term investments. Whether you’re a first-time homebuyer or a seasoned real estate investor, Calgary’s diverse real estate market offers something for everyone. Moreover, with the city’s increasing population, the demand for housing is expected to rise, making it an excellent opportunity for long-term investments.

Stable Real Estate Market

Calgary’s real estate market is stable and has a long history of consistent growth. This stability is due to Calgary’s diversified economy, which includes industries such as oil and gas, finance, and technology. Moreover, Calgary’s population is growing, creating an increasing demand for housing, which translates into higher rental rates and property values.

Strong Rental Market

Calgary has a strong rental market, with an occupancy rate of around 97%, making it an ideal location for real estate investors. The city’s high population growth, coupled with the shortage of available rental units, has created a situation where rental rates are increasing. This means that investors can expect to receive high rental income. Our rental market is BOOMING!

Affordable Real Estate

Compared to other Canadian cities, real estate in Calgary is affordable. It is one of the most affordable places for real estate of the major cities in Canada, allowing investors to get in at half the price of Toronto or Vancouver! Additionally, affordable real estate means that investors can invest in multiple properties, diversifying their real estate portfolio and minimizing risk.

NO LAND TRANSFER TAX!

Unlike most other provinces, Alberta has no land transfer tax, meaning buyers in Calgary can save anywhere from 2-5% CASH on their real estate purchases!

No PST Tax

Unlike other major centres, Calgary has no added provincial sales tax (PST), making goods and services so much more affordable. TOTAL SALES TAX Alberta: 5% British Columbia: 12% Ontario: 13%

A Strong Economy

Calgary’s economy is thriving, and while the Oil and Gas sector is contributing significantly to this success, there are other factors at play as well. According to Calgary Economic Development (2022), the city has the highest GDP per capita among major Canadian cities, the highest concentration of high-tech workers in Canada, and the highest head office concentration per capita in Canada.

No Rent Controls or Rent Increase Cap

There are no rent controls or limits on rent increases in Calgary. Landlords are free to raise their rent as much as they want, and rental rates are determined by market demand and supply. This means that when the demand is high and the supply is low, rental rates can increase rapidly.

Conclusion

Investing in real estate in Calgary offers numerous benefits, including a stable real estate market, strong rental market, affordable real estate, tax benefits, and potential for appreciation. These benefits make Calgary an attractive location for real estate investors looking to diversify their portfolios and maximize their returns. By making informed investment decisions and working with a professional real estate agent, investors can capitalize on Calgary’s growing real estate market and achieve long-term financial success.

Things to know about our beautiful city:

he Calgary Stampede is one of the largest outdoor rodeos in the world and is a major tourist attraction that draws over 1 million visitors each year.
Calgary is one of the sunniest cities in Canada, with an average of over 330 days of sunshine each year.
Our city is known for its friendly and welcoming atmosphere, with a strong sense of community and volunteerism.
Calgary is known for its stunning natural beauty, surrounded by the Rocky Mountains and situated near several world-renowned national parks, including Banff, Jasper, and Waterton Lakes.
Calgary has a relatively low cost of living compared to other major Canadian cities, such as Vancouver and Toronto.
It’s a great place to raise a family, with excellent schools, parks, and recreational facilities.
Calgary has a relatively low crime rate compared to other major Canadian cities.
Calgary is a great place for outdoor enthusiasts, with numerous parks, bike paths, and hiking trails.
Calgary is home to several world-class universities, including the University of Calgary and Mount Royal University.
The city has a strong sports culture, with professional teams in hockey, football, and soccer. GO FLAMES GO!
The city has a strong food and beverage scene, with a diverse range of restaurants, cafes, and breweries.
The city has a vibrant cultural scene, with numerous festivals throughout the year, such as the Calgary Stampede, Folk Music Festival, and the Calgary International Film Festival.
The city has a thriving economy, with a diverse range of industries, including energy, technology, and finance.

OTHER COOL FACTS:

Calgary is the birthplace of the popular Canadian coffee chain, Tim Hortons, which was founded in the city in 1964.
The city is known for its Chinatown, which is one of the largest in Canada and features a variety of Asian restaurants, markets, and shops.
The Bow River, which flows through Calgary, is one of the best fly-fishing destinations in North America and is home to several species of trout.
The city has a strong entrepreneurial spirit, with several startup incubators and accelerators, as well as a thriving tech sector.
Calgary is home to the annual Calgary International Film Festival, which is one of the largest film festivals in Canada and features films from around the world.
We are Famous for our Winter CHINOOKS! In the winter, if you gaze towards the west, you may spot an unusual cloud formation known as a Chinook. They are a common meteorological phenomenon! A Chinook is a type of wind that blows down the Rocky Mountains, characterized by warm, dry, and gusty westerly winds. During a Chinook, the temperature can soar significantly within hours, even as much as 20°C (68°F) or more. The temperature may rise from -20°C (-4°F) in the morning to 10°C (50°F) or higher by the afternoon. NO JOKE!