Calgary’s real estate market has flourished in the past few years, and the interest in investment properties has inevitably followed suit. There are many factors influencing this upward trend, such as the overall economy and increasing employment opportunities. Read on to discover more on the reasons behind this upward trend, and how GIL’s expertise can guide you as a prospective investor!
What’s Driving the Rise in Real Estate in Calgary?
According to the Calgary Real Estate Board (CREB), residential property sales grew nearly 29 percent year-over-year in September, reaching an all-time high of 2,441 units. Suffice it to say, that Calgary is truly a city on the rise when it comes to real estate. But what’s contributing to this trend? Here’s a quick look at the top 3 factors driving real-estate growth in Calgary:
The energy sector has been a huge contributor to Calgary’s recent economic growth, which in turn has contributed to a more stable real estate market. This stability has been a big driver for property investment, in turn.
An increase in population often leads to a higher demand for housing. Alberta is experiencing a population boom, and so is Calgary. Mainly coming from British Columbia and Ontario, migrants are seeking a more affordable option compared to their current expensive real estate markets.
Increase in Job Opportunities
The dynamics of Calgary’s real estate market are intricately intertwined with the employment landscape in the region. As highlighted earlier, a surge in migration to Calgary is driven by the pursuit of more affordable properties, subsequently fueling growth in the job market. These mutually reinforcing factors have collaboratively propelled the expansion of the real estate market.
While numerous other factors play a role in the burgeoning growth of Calgary’s real estate market, it’s undeniable that these three factors have served as pivotal driving forces.
How GIL’s Expertise Can Guide Prospective Investors
Reasons to invest in Calgary’s real estate are numerous, but it can be challenging when you’re starting out. This is where GIL can help. Our comprehensive services, knowledge of local legislation, and commitment to personalized and exceptional service can be the key to your success when it comes to real estate investments. Here are some of the ways GIL can help you get started on your property investments:
End-to-End Property Management
We take care of all aspects of managing a property, beginning with advertising and tenant acquisition to regular care and maintenance. This end-to-end service allows you to have a hands-off approach, relying on our expertise to handle the day-to-day management responsibilities.
Expertise in Alberta Legislation
We are very well-versed in the rights and responsibilities of both landlords and tenants in Alberta, allowing us to provide you with confidence as well as compliance in your real estate ventures.
Exceptional Service in a Competitive Market
Our goal is to provide you with a service that encompasses every aspect of property management. This commitment aims to make owning an income property in Calgary a carefree and profitable experience for you.
Utilizing Our Expert Team of Licensed Real Estate Agents
In addition to our comprehensive property management services, it’s crucial to highlight the role of our expert team of licensed Real Estate Agents. With unique insights into the rental and investment property market, our agents specialize in selecting prime properties that align with what tenants are seeking. From identifying ideal locations to understanding market trends, our team ensures you make informed, profitable investment decisions. Despite common misconceptions, we’re not just property managers; we’re actively buying and selling, demonstrating our commitment and expertise as licensed Realtors in the dynamic Calgary market.
These are only some of the ways GIL can help you with your real estate investment ventures in Calgary. Visit our property management services page to learn more.
Calgary is a city on the move and on the grow. With a population boom, economic prosperity, and an increasing job market, it’s the perfect place for you to get started on your income property dreams. Contact us today to get started or request a free property management consultation. We look forward to helping you get started on your real estate ventures!