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Calgary Residential Real Estate Investment: 2010 Outlook



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By : Lina Horner    99 or more times read
A combination of home value adjustments and transportation infrastructure improvements may be the key to investing in Calgary. Recent reports by The Real Estate Investment Network (REIN, reincanada.com) indicate that Calgary is Canada’s top city for residential real estate investment. Additionally, improvements to its transportation will significantly increase the values of real estate in the neighbourhoods most affected by the development of the Ring Road, “a high capacity provincial freeway around Calgary” and light rail transit (LRT) improvements.

On June 4, 2010, REIN released a report that names Calgary as Canada’s #1 place to invest in residential real estate. This judgment comes, not because Calgary is booming beyond all other cities, but because it has gone through a readjustment of real estate values, making property more affordable, yet the steady influx of people to the city should ensure that values climb steadily and yield more long-term results.

Real estate investment is not just about choosing the right city; it is choosing the right neighbourhood for your investment goals. For instance, another REIN report, The Impact of Transportation Changes On Real Estate: Calgary 2010 Update names a number of communities that will be positively affected by the Ring Road and LRT upgrades. The REIN report on transportation says, “Calgary transportation improvements will deliver a 10%–20% enhancement of real estate values in the regions most affected.”

The communities most positively affected by both developments are in NE and NW Calgary: Castleridge, Falconridge, Martindale, Saddle Ridge and Taradale in the NE and Hawkwood, Ranchlands, Rocky Ridge, Scenic Acres, Silver Springs and Tuscany in the NW. These are referred to as “First Tier” communities.

Developments affected by more than the other are in NW, NE and SE Calgary – Abbeydale, Applewood Park, Coral Springs, Marlborough Park, Montery Park, Penbrook Meadows, Pineridge and Temple in the NE, Bowness, Greenwood and Valley Ridge in the NW and Auburn Bay, Chapparal, Copperfield, Cranston, Mahogany, McKenzie Lake and Sundance in the SE. These are “Second Tier” communities.

“Third Tier” communities will feel a “ripple effect” from the communities most affected by these improvements. Airdrie, Balzac, Cochrane and new developments near the Ring Road are considered “Third Tier”.

Calgary residential real estate is clearly a good place to put your investment dollar. The best way to start your investment journey is to contact a professional Calgary Realtor ® who can help you find the right house to purchase.
To explore Calgary luxury real estate, head over to SmartCalgaryHomes.com, your resource for Calgary infill properties.

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