Calgary residents experience a myriad of activities that are underway every day. We see new communities popping up, roads being expanded, overpasses being built, and every aspect of the cities infrastructure continues to grow around us. The population of Calgary has recently grown to over 1,220,000; that is an increase of nearly 30,000 over 2011! Two thirds of the increase was accounted by net migration to the City; housing stock surpassed 460,000 dwelling units alone. The City continues to have the highest income per capita in Canada, with expectations to lead the Country in GDP growth in the near term.
It is strongly recommended that you do your research before making any decision to invest in a home in Calgary or area. Below are some quick facts with accessible links that will assist you in your research:
The City of Calgary, Chief Financial Officer’s department produces an Economic Outlook for the City each quarter. This is an excellent overview of the projected economic outlook for the City over the next five years – accessible at www.calgary.ca/economy.
Another recommended report is the annual economic outlook & Calgary regional market forecast prepared by CREB - accessible at www.creb.com.
Lastly, some additional facts about Calgary from Calgary Herald article dated July 25, 2012:
Make 2015 your year. Due your due diligence and be an informed consumer before making any decision to invest in real estate.