CALGARY IS WHERE TORONTO WAS 20 YEARS AGO!
Calgary is one of the most affordable places for real estate in the major cities in Canada, allowing investors to get in at half the price of Toronto or Vancouver!
A booming Oil and Gas sector is once again bringing great prosperity to Calgary, but it isn't the only reason that Calgary has such a strong economy.
Calgary is Canada's 4th largest urban centre and has a wide variety of people looking to rent. From families, to students, to professionals, to executives and anywhere in between! Our rental market is BOOMING!
Calgary has no rent controls, and there is no limit on the amount by which a landlord may raise their rent. Rental rates are market-driven in Calgary, meaning when supply is low and demand is high, rental rates go up very quickly!
As of October 2022, average rents were up between 20-30% year over year, and they are still rising as more and more people are calling Calgary home.
In the second quarter of 2022, Alberta saw a net increase of 34,883 people to its population, many of which came to Calgary. In fact, Alberta is seeing record growth in population due to both inter-provincial migration as well as international migration. This bodes well for the rental markets as many newcomers to the city look for homes to rent.
