Calgary Condos Selling to Vancouver Investors Looking for Yield


MidCity Kitchen Photo_Nov 2013

Vancouver investors are finding it hard to cash flow condo investments.  That’s driving them to markets such as Calgary where rents and pricing makes sense.  Alture Properties’ new project at MidCity has been nearly sold-out to Vancouver investors looking for yield.

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:

Calgary Real Estate Board August Statistics CREB

Annual/YTD 2012 2013 % change 2013 YTD 2014 YTD % change
Total Sales 3,500 4,005 14.43% 2,637 3,199 21.31%
New Listings 5,710 5,594 -2.03% 3,934 4,962 26.13%
Active Listings 553 479 -13.38% 733 1,065 45.29%
Benchmark Price 244,992 266,350 8.72% N/A N/A N/A
Median 251,500 261,000 3.78% 259,000 285,000 10.04%
Average Price 284,666 299,536 5.22% 298,759 325,193 8.85%
Pending Sales 32 15 -53.13% 76 45 -40.79%
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.

Walkscore: 77

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.



On Saturday, November 23, Alture Properties, a Vancouver based award-winning investment real estate firm, will be launching their latest residential project – a new condo development in Calgary especially designed for real estate investors. Vancouver investors will have first opportunity to purchase units in the project before Alture’s Calgary launch.


Invest in Canada’s #1 city for investment properties!

The new construction of 57 unit investment condos are located in Midnapore, a suburb 25 minutes south of downtown Calgary (far from Calgary’s flood zone). With two transit stations, shopping, schools and amenities all within walking distance, Alture MidCity boasts an impressive Walkscore of 77.

The project near Calgary addresses serious rental needs. Current rental vacancies are under 1.2 per cent in most areas, following this summer’s horrific floods that forced thousands to leave their homes in Calgary’s downtown core and surrounding areas.

Prices for Alture MidCity start at $173,900, with each unit generating a positive cash flow.

All purchasers at Saturday’s presentation will receive a free round trip airfare to Calgary and free property management for one year.

Attend the Alture MidCity launch event to learn how to earn secure predictable passive income with real estate and discover all the benefits of investing in Calgary.

About Alture Properties

Alture recently won the Entrepreneurial Spirit Award at the Burnaby Board of Trade Business Excellence Awards on November 14, 2013. The award was presented to the company for having demonstrated a highly entrepreneurial approach to launching a new business within an existing business, with significant results in key business metrics.

Alture has a proven track record in delivering successful turnkey investments. Their objective is to develop long-term relationships with clients and to assist them in achieving their financial goals by making real estate investing simple and hassle-free. From unit selection to financing options, to the purchase process and long-term professional property management, everything is explained in plain language and easy to understand.

MidCity launch event and presentation

When: Saturday, November 23

Time: Registration at 10 a.m., presentation opens at 10:30 a.m.

Where: Pan Pacific Hotel – 999 Canada Place, Vancouver

Registration: (Limited seating, register today)

Company website:

*See the presentation folder for more details

Alture MidCity logo

Jan 19, 2013

Alture Properties Wins Rein Player of the Year 2012

Voice Award winning Top Players 2012 - Peter ChungAlture Properties won the 2012 Player of the Year award from the Real Estate Investment Network (REIN) at Red Robinson Theatre in Coquitlam on January 9, 2013. Alture Properties is an award-winning real estate firm specializing in helping individuals profit with affordable real estate investment opportunities. This is the 5th consecutive year that this Vancouver-based company has won this highly coveted award for having the highest acquisitions during the year. The same evening Alture also won the Leslie Cluff Memorial award which embodies the spirit of mentoring others to succeed. This is the second consecutive year the company won this award. Alture’s founders Peter & Wendy Cheung and Rinco Chan are active Real Estate Investment Network (REIN) members since 2008 and have a combined 60 years of business experience and a proven track record in successful real estate ventures. Wendy Cheung is also an award-winning realtor in BC and Alberta, and member of the top 5% Medallion Club. The company received Canadian Real Estate Wealth Magazine’s 2012 Inter-Provincial Investor Award in March 2012 at Toronto’s Investor Forum, and has been featured in Canadian Immigrant Magazine, Canadian Real Estate Wealth Magazine, and Chinese publications S.U.C.C.E.S.S. and What’s In.


Aug 2012

Alture Properties Wins Rein Player of the Year 2012

Big Strategy, Big ProfitsHe only discovered the potential of property a few years ago, but Peter Cheung has already achieved great things, including a deal that netted him and his investors over $1 million in profits – without ever taking possession of the building! “I am so honoured to receive this award – it feels so great to be recognized for my past efforts and I get to share the glory with my wife and the team,” Peter says of winning the title of Inter-provincial Investor of the Year at the Top Investor Awards. It’s especially rewarding, considering the fact that Peter only began investing in property in 2007. “I had purchased and upgraded my own homes several times since 1992,” he clarifies. “But it wasn’t until 2007 that I looked into investing into real estate as an investment vehicle for myself to build wealth.” Read More


May 4 2012

Canadian Immigrant Team AlturePeter Cheung, President of Alture Properties, won the Inter provincial Investor of the Year award at Investor Forum Toronto 2012, held at the Metro Toronto Convention Centre on April 28. This is the second year that Canadian Real Estate Wealth magazine is formally recognizing Canada’s top investors in real estate. Vancouver based Cheung  was also a finalist for Deal of the Year. Alture’s Director of Acquisitions Wendy Cheung was a finalist for Investor of the Year. The Cheungs were also featured in our April issue as the Success story of the month. Peter Cheung is an active Real Estate Investment Network (REIN) member and has won Player of the Year in 2008, 2009, 2010 and 2011 for having the highest real estate acquisitions. He was also awarded for his contributions to the community in 2009 and 2011. Wendy Cheung is an award-winning realtor in BC and Alberta, and member of the top 5% Medallion Club. She is also an active member of REIN and has received several awards for her real estate acquisitions since 2007. The company’s private real estate investment fund is structured to optimize returns and minimize risk. Guiding the company is a strong management team with a combined 60 years of business experience and a proven track record in successful real estate ventures. In 2011, the company was awarded the Leslie Cluff Memorial Award by REIN for the highest acquisitions during the year and making the largest impact to communities from a social and economic standpoint.