A Brief Overview Of
The Calgary Housing Market
Calgary has long been one of the most prominent cities in Canada, and its status has only increased over the years as it has become the staging ground for some of the continent’s largest and most significant oil and gas projects. In this article we examine the current state of the Calgary real estate market and whether right now is a good time to buy.
Low Vacancy Rates
Generally speaking, many signs are pointing toward an improved and improving real estate market for Calgary. Although the rest of the country is not doing quite as well, Calgary has been seeing a steady rise in its housing prices. Right now the vacancy rates have been dramatically reduced, and it follows that many who are renting will begin to look for places to own in the city.
Plenty Of Inventory
The good thing is, there are still plenty of houses to buy, so the rate of growth is sustainable, and shouldn’t capsize and go the other way anytime soon. There are brand-new communities all throughout the city, especially in the northwest. These neighbourhoods make great start-up homes and are often ideal for those with young families.
An Optimistic Future
Because of the various trends that have led to Calgary’s current state of growth and prosperity, there is reason to have a lot of hope for the future. No one living in Calgary is in it for the short-term and there is a lot of evidence to indicate that these positive trends are going to continue for a long time to come. If that’s the case, then this is still a great time to invest in Calgary real estate.
If you’re in the market for a Calgary house for sale but are concerned about finding the right one for you, perhaps we can help. You can use this website to look at many different real estate listings throughout the city.
Have A Question? Submit Your Question Below And We'll Get Back To You Right Away