Calgary: A City on the Rise
Calgary’s population growth isn’t happening by chance. The city offers a unique blend of economic opportunity, lifestyle perks, and affordability that’s hard to beat. With industries like energy, technology, and real estate booming, Calgary provides a stable environment for career growth and business success.
As the Calgary Herald points out, Alberta’s population growth in 2024 is the highest in Canada, and Calgary is at the heart of this surge. People are flocking to the city for its lower taxes, affordable housing, and vibrant quality of life. For anyone thinking about buying property in Calgary, this rapid growth signals one thing: the time to act is now. The longer you wait, the harder it will become to enter this competitive market as demand pushes prices higher.
Why More People Are Moving to Calgary
- Affordability: Compared to Toronto and Vancouver, Calgary offers significantly more affordable housing options. The city’s average home prices are among the most reasonable in Canada, allowing buyers to get more value for their money. This affordability is a major draw for young professionals, families, and retirees looking to make a smart investment.
- Economic Opportunity: Calgary’s economy is thriving, with opportunities in industries like energy, technology, and real estate. The city’s low unemployment rate and high median income make it an ideal destination for career-focused individuals. Alberta’s lack of a provincial sales tax (PST) further sweetens the deal, putting more money back in residents’ pockets.
- Lifestyle and Amenities: With the Rocky Mountains just a short drive away, Calgary offers incredible access to outdoor activities like hiking, skiing, and mountain biking. The city also boasts a vibrant arts scene, world-class dining, and family-friendly attractions. Whether you’re an outdoor enthusiast or a foodie, Calgary has something for everyone.
Why Now Is the Right Time to Buy
Let’s be clear—Calgary’s real estate market is heating up. As more people move to the city, the demand for housing is skyrocketing. This, coupled with rising interest rates and inflation, means that prices are only going to climb. Waiting could cost you the chance to buy at today’s more affordable prices.
Experts agree getting into the market early during a growth phase is key. By purchasing property now, you can secure a foothold in Calgary’s dynamic real estate market before it becomes even more competitive. Don’t let the opportunity pass you by—there’s never been a better time to make your move.
Tips for Buying Property in Calgary
If you’re considering making the move to Calgary, here are some tips to help you navigate the real estate market:
- Work with a Local Realtor: Partnering with a knowledgeable Calgary realtor can help you find the best properties in desirable neighbourhoods. A local expert can provide valuable insights into market trends and guide you through the buying process.
- Research Neighbourhoods: Calgary has a wide range of neighbourhoods, each with its own unique vibe and amenities. There’s something for everyone, from family-friendly communities like Tuscany to trendy urban areas like Beltline. Take the time to explore and find the location that suits your lifestyle best.
- Get Pre-Approved for a Mortgage: Before you start house hunting, it’s crucial to understand your budget. Getting pre-approved for a mortgage will help you determine what you can afford and give you an edge in a competitive market.
- Consider Future Growth: Calgary’s population is expected to continue growing, so look for properties in areas with strong potential for appreciation. Proximity to schools, transit, and amenities can significantly boost a property’s long-term value.
The Bottom Line
Calgary is quickly becoming one of Canada’s top destinations for newcomers, making it a prime location for real estate investment. With an affordable market, a booming economy, and a lifestyle that appeals to all kinds of people, there’s no better time to buy property in Calgary than right now.
The longer you wait, the harder it will be to break into this competitive market. Whether you want to settle down or grow your real estate portfolio, Calgary’s booming market offers an incredible opportunity. Don’t wait—take advantage of Calgary’s growth and make your move today.
