My Top 5 Reasons to Invest in Calgary
As an investor, I keep looking for new markets to invest in. I would also like my fellow investors to reap the benefit of investing in a profitable market and build wealth. When I started investing, I had limited knowledge and not enough guidance. Over the years, I have learned and thus want my fellow investors to have all the information before venturing into real estate. Whether you are new or have been investing for a long time, exploring a new area is very exciting.
Calgary’s location is ideal because it connects West and East Canada. It is named as the most livable city in North America. Investing in a smaller market like Calgary is a big boost to your wealth. The condo prices are significantly lower than GTA prices. The closing cost is very low and there is no HST and PST along with low per square feet charges. No land transfer taxes adds to the many benefits of investing in Calgary. Here are some of my reasons why I am investing in Calgary.
- Family and Sense of Community
The living cost in Calgary, Alberta is lower than major cities in Ontario. Out of the 11 peer cities that were assessed, Calgary is the second-highest level of economic growth. With the highest GDP per capita, it has 8 out of 10 world’s top investment banks bringing in more business and employment. There are 39 international consulate offices located here to promote trade. Calgary has been deemed as very business-friendly.
Employment opportunities in Calgary are abundant with fantastic quality of life. Over the last decade, more industries, primarily IT-based companies, are investing here. Be it financial technology, web development, international corporation or even a smaller setup; they invite more and more people to make a life here in Calgary.
Did you know that the top-performing schools are located here in Alberta? There are 60 charter and private schools along with 365 public schools. There is exceptional support and subsidies for low- and middle-income parents. Calgary has been ranked as number 2 in terms of a healthy lifestyle and life satisfaction index compared with 10 metropolitan areas in Canada.
The University of Calgary is ranked in the top 20 universities under 50 years old.
There are 8 major hospitals and 5 cancer care centers. Calgary puts health and family as the topmost priority for the well-being of its residents.
Calgary has a vast integrated network of roads, LRT and busses. It boasts as one of the most successful transit systems. Calgary has extensive connectivity with 169 bus routes, 46 LRT stations, and most rapid transit services, with 105.3 million trips in 2018.
Calgary is an hour drive away from the spectacular Banff Rocky Mountains. There are many sporting amenities like Calgary Stampede, Spruce Meadows, Calgary Zoo, National sports Hall of Fame, WinSport Canada Olympic Park, TELUS Spark Science Centre and National Music Centre. The abundant green space and parks of over 8000 hectares, 1100 playgrounds and 475 soccer fields add to the quality of life here in Calgary. A community rich in arts, culture, entertainment, and leisure activities and avenues attract investors and future residents.
In my recent visit to Calgary, I met with the builders of some ongoing and upcoming projects. I also spent some time with the locals and the scenic beauty of this city. It is a breathtaking city. I spoke to several people here and they feel very confident about investing in the Calgary real estate market. My Uber driver has also invested in a project here. I think that this market would be a boon to my GTA investors. Invest without a doubt. To top it, our local realtor will support all your needs. If you are a first-time investor, reap the benefit of regular investors. It is an emerging market for sure.