It was a neck-and-neck race, but Calgary edged ahead of the Ottawa-Gatineau region by just under 10,000 people. At 1,230,248 citizens, Calgary is now the 4th largest metro area in Canada. Even though Alberta’s booming economy has slowed in the past few years, people are still heading Calgaryward for employment and homes.
It’s not surprising, then, that Calgary’s housing market is not only staying stable, but steadily improving. January 2010’s numbers showed a rise that bodes well for this coming year. Despite the nationwide slowdown, Calgary real estate value is definitely holding its own. While Calgary home ownership has become more affordable recently, the steadily climbing value of Calgary homes means the home buyer's dollar is probably most profitably spent in the early months of 2010.
The Calgary Real Estate Board foresees an approximately 6% rise in home values and a 4% rise in condo values. The investor who buys between January and March of 2010 is more likely to see a quick equity return on their investment dollar by the end of the year. We all hope for increased home values, but the economy is such that when rates are low, that is the time to strike, as one never knows which way the economy will jump.
So far, it looks like a steady increase in value, but with the thousands of people moving to the Calgary metropolitan area, homes are going to become more and more at a premium. If one is looking for a home to add to one’s financial portfolio, then it is advisable to take advantage of this opportunity and buy in the early part of the year, rather than waiting for the market to heat up in the high summer.
Calgary’s continuing growth is firing up the housing market in 2010. While the country is still recovering from the economic slump, Calgary is still forging ahead in the real estate department, with new subdivisions, luxury infill homes and increased attention to reclaiming land for condo development. Calgary is making the most of its available space and home buyers are well advised to quickly take advantage of the new opportunities opening up.
Notice: In accordance with FTC guidelines, we state that RealEstateProArticles.com has financial relationships with some companies and may be compensated if consumers choose to buy, subscribe or take any action to a product or service via the links on our website. Occasionally, we receive free access to review a product or service. We do not accept compensation in exchange for a positive review. These reviews are strictly the opinions of the author.
![[Valid RSS feed]](http://www.realestateproarticles.com/images/icon_Rss.png "XML Feed For RSS"){kind=icon}
Category Rss Feed
Print This Article
Add To Favorites