Where to invest in Calgary real estate this year

Buying a home is a big investment, but how can you ensure that you are making a smart investment in the first place? Whether it’s your primary residence, or a property you’re looking to make money off of, you want to be well-informed on your decision before putting money down.

Money Sense recently released their “Where to buy real estate 2017” guide, which outlines the best communities for investment, across Canada.

The standard quip when it comes to buying real estate is it’s all about three things: Location, location and location. Few would argue that’s totally wrong, but clearly there’s more to it. If you want a neighbourhood that offers great value, a promising return potential and the traits that translate clusters of houses into a tight knit community then we believe you need to take into account all three of these factors: Value, momentum and expert insight. [Money Sense]

Based on the Money Sense findings, here’s the top 5 Calgary communities to invest in:

• Albert Park/Radisson Heights: you can purchase a home in this community for as little as $350,000, and property values are up almost 30 per cent in this area in the last five years alone.
• Martindale: even through our city’s economic downturn, homes in this area held their value last year. Property values have surged 35 per cent in the last five years too.
• Castleridge: the average price of a home in this community is $337,258, and property values are up over 36 per cent over the last five years.
• Southview: the average price of a home in this community is $380,058, and the property values are up over 31 per cent in the last five years.
• Falconridge: the average price of a home here is $331,367, well among the most affordable communities in the city. And even better, property values are up almost 37 per cent in the last five years.

For comparison purposes, the average home price in Calgary is $556,429, and the average property value increase is 18 per cent over five years.

If you have questions about investing in real estate, please feel free to contact me.

Tags : calgary community, calgary homes, calgary housing, calgary investment, calgary mortgage, calgary mortgage broker, calgary neighbourhood