Buying a condo in Calgary for investment

If you’re not in a rush for returns, Calgary is a great place right now to invest in a condo especially with the Carlisle Group. 

With fresh air, reliable public transit, and no provincial sales taxes, it shouldn't come as a surprise that this city is making a cautious comeback after the price of oil crashed in 2015 and devastated the economy. 

 Buying a condo here now seems like a win-win whether you’re looking to invest over the long term with a renter, or you want to move into an outdoorsy low maintenance lifestyle right away.

 

Calgary condos have also become increasingly appealing to foreign investors, now that non-residents who buy new homes in Vancouver and Toronto face a 15 percent tax.

 In addition to oil, Calgary is known as the cleanest city in the world, according to Forbes magazine. Doctors are easy to find here, and getting around in poor weather is a piece of cake thanks to Calgary’s 16 km skywalk. The city's craft beer scene is also flourishing.

  

If you’re looking to buy low (like we’re talking $160,000 for a condo low with the Carlisle Group) and go long with your real estate investment, now is an exciting time to take a look at what’s happening in Calgary. Not only have prices stopped falling as of 2017 but several realtors expect they will actually go up in 2018 and continue to rise for years to come.

According to the Alberta Government, “Nearly every sector of the provincial economy is strengthening. Oil production is boosting exports, and an improving labour market has fuelled retail sales and demand for housing.”

With condominium inventory levels at an ultimate high, and real estate prices so low, it’s exciting times in Calgary for buyers looking to make a solid risk-free real estate investment.

If you're buying a condo as an investment property, you’ll want to make sure it’s appealing to renters. Such considerations include a floor plan with bedrooms that don’t share a common wall, energy efficient windows and appliances, unobstructed views, bedroom balconies, heated underground parking and how close the property is to shopping and other amenities. Fortunately, there’s lots of this kind of real estate to choose from in Calgary. The Carlisle Group has a number of condos available in charming communities you’ll want to be sure to check out in your search.

With an exciting past and a promising future, not to mention lot currently going on, Calgary is a great place to invest in a home whether it’s for yourself now or for a renter.

 

Calgary boasts abundant farmers markets, loads of annual festivals, a new central library, and Stampede Park! If you’re into wildlife, there are more than 700 km of nature trails throughout and around the city. Calgary is also only an hour and 30 minutes’ drive to the popular resort town of Banff where boutiques, restaurants, and château-style hotels are surrounded by the magnificent Rocky Mountains.

 

So should you invest in Calgary? We say yes! And be sure to check out the Carlisle Group for affordable condos you’ll want to call home.