Investing in Alberta Calgary Real Estate

Alberta’s- The Hottest Real Estate Market in Canada in 2024 & Beyond.

Alberta is thriving! With its strong economy, increased inter-provincial migration, higher wages, and affordable housing, this central prairie province continues to prosper. While other provinces are seeing a marked decline or correction in their housing market prices, Alberta’s housing market forecast for 2024 is expected to surpass pre-pandemic housing sales.Calgary proved to be more resilient to market changes than other parts of the country. Calgary real estate is a great opportunity for investors to diversify their portfolio. Investors are attracted to Calgary’s five main advantages:

#1 Lower housing costs

#2 A diverse growing economy centered around the energy industry, technology-innovation, healthcare.

#3 Its reputation for being one of the world’s most livable cities.

#4 Lower federal sale tax of 5 % vs 13 % HST in other provinces

#5 No Land transfer tax

They say Investments are all about the Future. “Invest Where Returns Are Best”

The year 2020 and 2021 have massively changed the real estate market in Canada and unearthed countless opportunities across the country.

As of October, 2023, calgary average sales price is less than half of Toronto's, Vancouver's and still significantly lower sale price than in Ottawa, Montreal, Brampton and other major big cities.

The Calgary residential real estate market experienced its 10th consecutive month of price gains with all housing types up double digits!

We, at Supermax Realty help you to spot lucrative investment properties, and move into growing markets with decades of growth potential.

Recent Job Announcements in Calgary :

Other Key Drivers to consider :

Population to Explode 45% in 25 Years in Alberta
Alberta now home to 3,000+ tech companies
Lowest tax rate in Canada: No PST, just 5% GST
Minimal closing costs (under $2,000)
No land transfer taxes ($20-40k savings compared to Greater Toronto Area)
No developments charges ($10-$30k savings compared to Greater Toronto Area)
Airbnb and business friendly environment (with turnkey operators
Rising Rents, No Rent controls, Easy evictions for non-payment of rent.
Alberta projected to LEAD Canada economic growth in next few years.
While the Bank of Canada continues to raise interest rates, Alberta’s housing market is not as affected. Alberta’s real estate market predictions are showing that buying a house now is a great investment for 2023. The demand for affordable single-family homes is exceeding the current supply in many cities throughout Alberta.

If you want to buy a home or invest, these cities are the best places in Alberta to look for real estate:

Calgary

Calgary’s housing market forecast 2023 is expected to remain strong. Aside from the lower housing prices Calgary’s housing market offers compared to other provinces, Calgary is seeing an economic boom this year. The increase in demand and low supply of affordable housing will continue to drive the city’s real estate market throughout the year.

Airdrie

Located north of Calgary, Airdrie continues to attract families and property developers. Its proximity to Calgary, affordable housing, and diverse attractions makes this city a favoured hot spot.

Housing in Airdrie remains lower than Calgary’s housing market with the average price for a family home between $400,000 to $500,000. For those looking for a community that combines big city amenities with small town vibes, Airdrie is the perfect place to invest in real estate in 2023.

Edmonton

Edmonton remains one of the more affordable housing markets in the country. With the average house price listed around $410,000 – Edmonton continues to attract families and developers who are looking to get the most out of their investment. Once built for luxury, many larger older homes are now being bought and remodelled or torn down to make way for newer development properties.

Its hard to go wrong investing in Calgary real estate right now ! So, is Alberta’s real estate a good investment? You bet it is! Alberta is Canada’s fastest growing and economically strongest province. Between their affordable housing options and supply over demand shortages, now is the perfect time to invest in Alberta’s real estate.

Call our Experienced Supermax Realty Team to discuss Real estate Opportunities in Alberta , New Homes or Condo Options.

CURRENTLY WE ARE SELLING 20+ PROJECTS IN CALGARY, EDMONTON AREA

CONDOS FROM $ 200s

TOWNHOMES FROM $ 300s

DETACHED FROM $ 400s

SUPERMAX REALTY INC.

SUPERMAX REALTY INC.

Investing in Alberta Calgary Real Estate

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