Calgary Has The Best Real Estate Prospects

Calgary has the best real estate prospects in Canada

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Looks like Toronto and Vancouver are getting a run for their money of late, as Calgary and Edmonton have the best real estate prospects, according to a Emerging Trends in Real Estate 2013 released on November 6, 2012.

The report, which was put together by PwC and the Urban Land Institute, states that the Canadia real estate market is going to remain steady with conservatively good investment and development prospects.

Calgary tops best real estate prospects list

Ranked up there are number one was good old Calgary, followed by its neighbour, Edmonton. Here is what the top five best real estate prospects in Canada looks like:

1- Calgary
2- Edmonton
3- Toronto
4- Vancouver
5- Ottawa

Calgary not only ranked at number one for investment prospects, but for development prospects as well.

According to those who took part in the survey, Canada’s real estate market will not see a volatile shift, as did the United States, and we will apparently maintain a happy steadiness.

According to Lori-Ann Beausoleil, PwC Canada’s Real Estate Leader, “The results of this year’s Emerging Trends report reflects the fact that the Canadian real estate community understands real estate fundamentals and knows how to react to fluctuations in monetary policy and capital markets. Canada’s real estate industry continues to operate well despite uncertainties in domestic and global economies.”

Why does Calgary have the best real estate prospects?

Job growth has been highly credited with Calgary’s newfound real estate leadership, as the city will likely see a growth in employment of 2.8% in 2013, and 2.9% in 2014.

The Canada Mortgage and Housing Corp (CMHC) is predicting that total housing starts in
Calgary will reach 12,400 units this year alone, which is an increase of more than 30% from 2011 and stands at its highest levels since 2007.

If you plan to buy or sell a home, visit today.


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