About Calgary and Edmonton Real Estate
More people than ever are now moving to Alberta thanks to its thriving economy and beautiful cities that offer a mix of nature and urban amenities. The Calgary and Edmonton real estate markets offer plenty of opportunities for those looking to invest in a home, condo or townhome that will offer excellent ROI.
Both Calgary and Edmonton have affordable real estate, great employment opportunities, low costs of living, and a high quality of life compared to other major Canadian cities. Migration is at an all-time high and is expected to increase by 3% annually over the next five years.
Right now there are a number of exciting new developments in the works in Calgary and Edmonton, giving you plenty of opportunities to get in early and find beautiful properties in key locations just outside the downtown cores. Click on the links below to see our new Edmonton and Calgary real estate projects.
Why Invest in Alberta Real Estate?
More people than ever are purchasing real estate in Alberta, and it’s easy to see why. Affordable housing, low taxes and strong economic growth all make the province highly attractive to home buyers from all over Canada and abroad.
According to a Toronto Star article, the average price for a single-family detached home in Alberta is $700,000 compared to $1.4 million in Toronto. The Alberta is Calling ad campaign states that homes can go for as little as $450,000 in Alberta’s two main cities of Calgary and Edmonton.
Housing prices alone are enough for many people to consider moving to Alberta. In the first three months of 2022 alone, over 5,300 people relocated to Alberta. Experts estimate that the population of Alberta will increase by 2 million people by 2046.
It also doesn’t hurt that Alberta offers some of the highest wages in Canada, as well as some of the lowest taxes. If you’re considering buying real estate in Alberta, these are just a few advantages you can enjoy:
No provincial sales tax
No land transfer tax
No rental restrictions
No rent control tax
No foreign buyer’s tax
Alberta’s New Home Buyer Protection Act requires that all new homes have warranty insurance coverage
Lowest personal tax rate in Canada (10%)
Lowest corporate tax rate in Canada (8%)
Interested in learning more about Calgary and Edmonton real estate opportunities? Contact Jay Banerjei to find out how you can get in early on exciting new condo and townhome developments in Alberta.