The Calgary Real Estate Market is Hot: Don’t Miss Out!
Below are the CREB’s latest market stats for Calgary. You will note the market is showing price growth and increased sales activity. Also, “days on market” has come down significantly. While listings are up, demand is absorbing it well.
So, the Calgary condo market is on fire; what does this mean to you the income property investor? Well, Calgary has the lowest vacancy rate in the country, economic activity continues to support growth, and guess what? If you had bought one of our MidCity Midnapore 2-bedroom condos with 10% down you’d have already DOUBLED your investment for 100% ROI. What’s not to love?
It’s not too late; we haven’t raised prices yet. but we surely will if this price growth continues at this pace. Contact us for more info by emailing us: firstname.lastname@example.org
Calgary Real Estate Board August Statistics CREB
|Annual/YTD||2012||2013||% change||2013 YTD||2014 YTD||% change|
|Days on Market||53||43||-18.87%||43||35||-18.60%|
About MidCity Midnapore:
Alture Properties has an exciting new development paving the way for astute investors to make real financial returns in the heart of Midnapore Calgary. Alture MidCity is a low rise apartment complex offering amazing value at a phenomenal location close to transit, shops, schools and restaurants.
A property’s “walkability” has become increasingly important for both Investors and Home Buyers as it helps determine value retention and future demand. Alture MidCity is strategically located within a half kilometre or a five minute walk from countless restaurants, retail, grocery stores, and schools. Combined with the close proximity to two rapid transit stations, Alture MidCity is anticipated to attract socially responsible tenants.