The Mayan apocalypse never happened, the U.S. avoided plummeting from a fiscal cliff, and Alberta real estate market conditions have rebounded to a point almost on par with pre-market-crash figures from 2007. Which brings up the question: Is the time ripe to invest in property in this province?
In a word, according to most market pundits, absolutely!
A recent report issued by the Real Estate Investment Network has cited that with the country finally recovering from the doldrums of the bear market, the time to take advantage of opportunities surrounding properties is now, and Wild Rose Country is the most promising territory to realize the best returns on such investments.
(Real Estate Investment Conditions
Price Trends by James Fowler
If there’s a fiscal cliff looming in Alberta’s real estate market, chances are the industry will be climbing that economic escarpment ─ and not falling off its edge.
Market signals have indicated that the Calgary real estate picture is an optimistic one, with market prices on stream to rival the $423,950 average price plateau set in 2007, before the bear market lacerated the U.S. real estate bubble, resulting in the greatest housing crash in the country’s history. Canada fared better, while Calgary in particular was one of the most fortunate municipalities although average annual prices dipped below the $400,000 mark in 2009.
(Real Estate Boom
It looks like Calgary’s bragging rights of having western Canada’s tallest skyscraper in its metropolitan area will remain intact for at least a few more years. Brookfield Office Properties Inc. announced plans to construct a complex in the city’s downtown area that will include a building designed to dwarf The Bow ─ another Calgary skyscraper that’s currently the loftiest Canadian structure west of Toronto ─ by at least 11 metres.
Dubbed 225 Sixth, and slated for completion as early as 2017, the project will include a 247-metre skyscraper containing 56 storeys alongside a second tower with 42 storeys. The two structures will bookend a 50,000 square-foot, three-storey winter garden glass pavilion with retail venues and an open-air plaza.
(Skyscraper to Add to Calgary’s Lofty Status
1111 6 Ave SW
This 19th floor, Tarjan pointe condo might be a great investment for some one that works downtown Calgary or for investment property. Average price for one bedroom condo, in the same building is around $240,000. This one is offered at $219,900. Estimated rental income in the area is between $1300 and $1400 per month.
“What an Amazing Deal!! River & Downtown City views from the 19th floor. This cute 1 bedroom is located across the street from the C-Trail station and is a short walk to the Bow River & bike paths.
(Investment Tip of the week – Downtown Calgary Condo continued…)
In the wake of financial shockwaves that rocked the world economy in recent years, Canada is currently enjoying relative stability in a number of sectors including real estate. Accounting firm PriceWaterhouseCoopers is predicting that consistency across the country will continue throughout 2013. But the greatest degree of improvement in the real estate market will occur in Calgary. Here are five strong reasons why that will be the case.
(Five Signs the Real Estate Market is Improving in Calgary continued…)
Calgary Bright Future by David Tsegai
Calgary Realtors reported 1,372 transactions through the Calgary MLS system in the first 26 days of September. In comparison to last year, sales are up by 12%. The average selling price for the period of September 1 – 26 was $418,120 – representing a decrease of 0.6 per cent.
Despite strong sales activity this year, Calgary housing market remains affordable. Prices remain relatively stable despite the supply pressure, which probably reflects the reluctance of buyers to over extend themselves while economic uncertainty continues.
The Canadian Real Estate Association reported a 6% sales drop for August nationally. This might be due to recent government regulation tightening the mortgage market.
(Positive Outlook for Calgary Real Estate Market continued…)
221 Coverdale Road NE
This detached single family property located in Coventry Hills, close to schools, parks, and shopping is surely great investment opportunity. Get in on Calgary’s rising market before it is too late.
With over 2000 square feet developed living space, this home features four bedrooms, 3 bath rooms, and 2 living rooms. Main floor offers spacious living room with hard wood floors, bright kitchen, dining area & 3 bed rooms.
(Investment Tip of the Week – 221 Coverdale Road NE continued…)
13 Sunhaven Li SE
This spacious (1646 sqft) detached bungalow in a calm family neighbourhood is priced to sell! For $432,900 you get four bedrooms, living room, kitchen, dining room, family room, 3 full bathrooms, and large west facing backyard.
(Investment Tip Of The Week – 13 SUNHAVEN LI SE continued…)
As usual, Calgary is becoming the cowboy capital of the world in July. For ten days and nights, from the 5th to 15th, the Stampede will take you back in history. Even more, the 100th Stampede promises even bigger celebrations and is expecting more than 1 million visitors.
The Stampede offers a series of Wild West themed events, while it also promotes the very diverse heritage of contemporary Canadians. At the Stampede, you can find people of all different backgrounds coming together to have fun.
(Calgary Stampede Celebrates 100th Anniversary