Upwardly mobile individuals and families sure love the hustle and bustle of a premier Canadian city like Calgary. Having the second lowest unemployment rate in 2013 and a cost of living lower than Toronto and Vancouver, according to data from CalgaryEconomicDevelopment.com, more people from other cities and countries consequently consider moving to Calgary, particularly the inner city area.
Not surprisingly, property prices in the city steadily rose throughout 2014. Mario Toneguzzi discusses the key points of this trend in his article for CalgaryHerald.com dated February 14, 2014:
“The Canadian Real Estate Association released its monthly MLS data on Friday and listed Calgary as the top centre in the country for annual growth in the MLS Home Price Index at 8.98 per cent. Nationally, prices, in the 11 centres surveyed, rose by 4.83 per cent.”
Indeed, data from the Calgary Real Estate Board shows that current conditions point toward a predominantly seller’s market. Yet at the same time, strong fundamentals such as population growth, rising wages, and favorable lending rates help drive strong real estate sales. Particularly in Calgary’s inner city, where residents can enjoy some peace and quiet in their own homes yet have access to modern urban conveniences and amenities within walking distance, buyers have a lot of enviable choices to consider.
When purchasing a home in such a bustling market, it certainly helps to tap an experienced Calgary Realtor® who not only knows how the housing market currently fares but also keeps track of the best property deals. Such a professional has access to almost all properties listed by other real estate agents, which allows a buyer to take a look at more options than one can find without the help of a Realtor®.
Whether you’re looking for a condominium unit close to your workplace or a family home in one of the peaceful neighborhoods of inner Calgary, a trusted Realtor® like Christine Ordze can help you find a property that meets your specific needs at a competitive price. With such a professional to guide you through the home buying process, you can make an informed decision and finally get to own your dream home in the heart of this vibrant city.