Invest to Calgary
Affordability: Calgary stands out as one of the most cost-effective destinations for real estate among Canada’s major cities. This provides investors with an entry point at half the cost of Toronto or Vancouver.
Robust Economy: The resurgence of the Oil and Gas sector is driving prosperity, but Calgary’s economic strength extends beyond. It boasts the highest GDP per capita among major Canadian cities, a concentration of high-tech talent, and an impressive density of corporate headquarters. The city is also experiencing a surge in venture capital investment.
Vibrant Rental Market: Calgary, as Canada’s fourth largest urban center, caters to a diverse range of renters, making the rental market flourish.
Rental Flexibility: Unlike some areas, Calgary has no restrictions on rent control or caps on rate increases, allowing rental rates to respond to market dynamics swiftly.
Expanding Population: In the second quarter of 2022, Alberta witnessed a net increase of 34,883 people, with many choosing Calgary. This growth is a result of both inter-provincial and international migration, benefiting the rental market.
Rising Rents: As of October 2022, average rents have surged by 20-30% year over year and continue to rise as more people choose Calgary as their home.
High Incomes: Calgary boasts the highest median after-tax income among major Canadian cities, which typically results in higher spending on housing.
Economic Diversification: Calgary’s diversified economy, extending beyond oil and gas, offers investment stability.
Quality of Life: A high quality of life, with a safe environment and abundant amenities, attracts long-term housing demand.
Education Hub: The presence of universities ensures a consistent demand for rental properties, especially in the student housing market.
Infrastructure Development: Ongoing infrastructure investments improve overall livability and boost property values in well-connected areas.
Tax Advantage: Calgary stands out by not imposing a provincial sales tax (PST), making goods and services more cost-effective compared to other major centers.
