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.
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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.
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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.
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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.
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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