Calgary Real Estate is Number One

Category: Calgary
Published: 26 January 2014

Calgary real estate is ranked Number One. It is official - according to the Emerging Trends in Real Estate 2014 report produced by PricewaterhouseCoopers and the Urban Land Institute.

This renowned annual publication, now in its 35th year, provides an inside look at the "best bets for investment and development," garnered from surveys of more than 1,000 of the "most influential leaders in the real estate industry."

You can download your own free PDF copy of this forecast for the real estate market, which is described as "one of the oldest, most highly regarded" industry reports featuring interviews with preeminent real estate experts like investors, developers, lenders, consultants, brokers and property managers.

So what are these distinguished experts saying about Calgary real estate?

"Calgary marches to a different drum," one participant explains. "It's tied to energy, so it keeps on building."

For the second consecutive year, Calgary real estate is rated the number one market, according to the report. The city of Calgary was unanimously given a number one ranking across the board in the following categories - Investment, Development, and Homebuilding, according to The Survey's section of Top Markets for Prospects in Chapter Five.

"In Calgary, developers are getting innovative by profit-sharing with builders to provide exclusivity to those builders," one interviewee said.

The report also pointed out that despite the disruption caused by summer flooding, the economy in Calgary continues to post solid gains.

"Calgary offers some unique opportunities," one respondent disclosed. "It is one of the fastest-growing western markets where it is possible to find assets."

Calgary real-estate is also touted as the hottest luxury market in 2013, according to another popular industry record - Sotheby's Report.

Compared to 2012 the Calgary real estate market had the greatest increase in sales of houses worth more than $1 million, specifically more than 700 homes were sold in the city in 2013, according to this report.

Overall both reports generally project an improvement in Canada's real estate market this year.


tags Tags: Real EstateCalgary