Timing is good to invest in Calgary property: report

Belmor MortgageNews

Posted Oct 24, 2017 7:55 am MDT

A new report says Calgary is the second best place in Alberta to invest in real estate right now.

The report was put together by the Real Estate Investment Network using 36 factors to pinpoint whether it’s a good time to buy.

REIN’s Senior Analyst Don Campbell said Calgary has some things going for it.

“There’s some hiring happening, there is some population regrowth. There is some LRT that’s going to be built that will also help with the employment. And Calgary frankly, the housing market — of the two big cities of Edmonton and Calgary — Calgary got hit a lot harder and therefore their ability to bounce back is going to be strong,” Campbell said.

The report said Calgary is just starting to recover from a housing slump, meaning it’s a good time to buy and hold properties, but fixing and flipping may still be a challenge.

Edmonton is considered the top place to invest right now, with Leduc coming in at number three.