26 May Now is the Time to Buy Real Estate Calgary Alberta
If you’ve been watching the housing market, wondering when to make a move, now is the time! Real estate Calgary Alberta remains one of the strongest and most appealing housing markets in the country. While sales volumes may have dipped compared to a few years ago, that doesn’t tell the whole story. Calgary continues to offer excellent value for homebuyers. This is especially evident when compared to cities like Vancouver or Toronto.
Why Buy Now?
In a recent national study from MoneySense, Calgary ranked second out of 24 major Canadian cities for where to buy real estate. This ranking was based off of each city’s combination of affordability, income levels, amenities, and long-term investment potential. It came as no surprise that Calgary stood out on all fronts!
Calgary’s average home price sits comfortably under $600,000. That’s significantly less than many markets in Ontario and British Columbia, yet Calgary homeowners often enjoy more space, newer builds, and access to parks, schools, and city amenities. On top of that, Calgary has the highest median after-tax income in the country, at $87,000. That purchasing power makes homeownership more attainable here than in many other major cities.
Even with prices climbing over the past five years (about 41%), Calgary homes still deliver value. Some communities, like Greenwood-Greenbriar and Abbeydale, have seen even greater growth. These neighbourhoods are being revitalized, making them attractive for first-time buyers and developers.
Right now, Calgary’s market is shifting from a seller’s market to something more balanced. That means buyers have a better chance of finding what they want, regardless of whether that’s a detached house, a row home, or a semi-detached property. Still, the most affordable detached homes are going fast and often receive multiple offers.
Calgary offers a rare combo of affordability, strong income potential, lifestyle, and investment upside. Whether you’re looking for your first home, downsizing, or investing, the conditions of real estate Calgary Alberta are among the best in the nation!
If you’re ready to buy a home in this coveted city, don’t wait. Now is a great time to buy property in Calgary! Contact me today for more information about listings in the area or to chat about the market. I look forward to working with you soon.