The Ultimate Guide to Investing in Calgary Real Estate: Why Now is the Best Time to Buy!

ByOak Ville Rising Real Estate

Are you considering diving into the Calgary real estate market but unsure where to start? You’re not alone. With so much buzz around this growing city, it’s easy to get overwhelmed by the options and the number of questions: Who’s buying? What kind of properties are hot right now? Why should I even consider Calgary, and where exactly should I invest?

As a seasoned real estate broker with over 20 years of experience, I’ve seen firsthand how Calgary has become a prime investment spot, and I’m here to share exactly what you need to know. Let’s break it down step by step, and I’ll even share some personal tips to help you make the most of your investment.

Step 1: Understanding the Calgary Real Estate Landscape

First things first: why Calgary? The city has long been associated with oil and gas, but recent years have seen a dramatic shift. Calgary’s economy is diversifying like never before, making it less of a “one-horse town” and more of a thriving metropolis. This diversification is a game-changer for real estate investors, creating opportunities that didn’t exist a few years ago.

Don’t forget about the Calgary Stampede, an annual event that injects millions into the local economy and boosts business across various sectors. The city’s economic climate is now attracting a wide range of investors—from first-time homebuyers priced out of Ontario to middle-aged income earners looking for their first rental property to seasoned investors expanding their portfolios.

Step 2: Identifying Who’s Investing and What They’re Buying

In the last few years, I’ve helped clients from all walks of life secure properties in Calgary. Who’s buying? The diversity is surprising. Young professionals looking for affordability, mid-level investors aiming for rental properties, and high-net-worth individuals seeking luxury investments are all jumping in. The range of properties they’re buying includes:

  • Pre-construction condos: This market has been red-hot, with new developments selling out quickly.
  • Townhomes: Townhomes have become a go-to choice for those seeking more space.
  • Detached homes: Still in demand, especially for families or investors looking to diversify their portfolios.

For example, in 2021, I was involved in one of Calgary’s most significant condo launches, selling more units than any other realtor in the country. This level of interest demonstrates how appealing Calgary has become, especially in the pre-construction space.

Step 3: Why Calgary? Understanding the City’s Appeal

Several factors have driven Calgary’s real estate market, making it an appealing option for investors:

  • Affordability: Compared to cities like Toronto and Vancouver, Calgary offers relatively affordable prices, which attract out-of-province buyers.
  • Economic stability and diversification: The city’s economic diversification, including tech and renewable energy sectors, makes it less dependent on oil.
  • Developer incentives: Leading developers like Greywood Developments make it easy for investors by offering rental programs, where property management is taken care of for two to three years. This allows buyers to be “absentee landlords,” managing their properties remotely without ever having to visit Calgary.
  • High quality of life: With access to nature, a booming cultural scene, and lower living costs, Calgary has a lifestyle appeal that’s hard to beat.

Step 4: Picking the Right Location—Where to Buy in Calgary

Location is everything in real estate, and Calgary is no exception. Here’s where to focus your attention:

  1. Downtown Calgary: Ideal for those looking for high rental demand. Properties like First and Park by Greywood Developments have been sold out quickly due to their prime location.
  2. Southwest Calgary: Developments such as Metrosite are attracting interest for their modern amenities and family-friendly neighborhoods.
  3. Northwest Calgary: Offers a mix of established communities and new developments. It’s perfect for those seeking detached homes or townhomes.

A personal tip? I recently invested in a one-bedroom plus den at First and Park on the 16th floor with stunning views. I’m not just recommending Calgary to clients; I’m putting my own money where my mouth is.

Step 5: Working With the Right Team—Why Local Expertise Matters

Navigating Calgary’s real estate market is much smoother with local expertise. I now link my clients directly with a trusted colleague in Calgary, an accomplished realtor and investor. This partnership ensures that anyone interested in buying can benefit from on-the-ground knowledge. Whether you’re eyeing a pre-construction condo, a townhome, or a detached house, having a local expert provides an unmatched level of guidance.

Step 6: Be Ready to Move Fast—Timing Is Everything

One thing I’ve learned? The Calgary market doesn’t wait. In 2021, the First and Park development sold out in just three weeks! Developers often hold back a small number of units, so you must be ready to act quickly when the right opportunity comes.

Step 7: Leverage Developer Programs to Your Advantage

Savvy developers like Greywood have made investing in Calgary easier than ever. Their rental programs allow investors to buy properties without the hassle of managing them. Imagine owning a condo in Calgary and having a management company handle everything—from finding tenants to maintaining the property—for the first few years. It’s a dream scenario for out-of-province investors.

Step 8: My Personal Calgary Real Estate Investment Strategy

Here is my strategy: I prefer to focus on pre-construction condos and townhomes. These properties appreciate significantly from purchase to completion, especially in a market like Calgary, where demand is climbing rapidly. I also prioritize partnering with developers who offer rental management services so I can focus on expanding my portfolio without getting bogged down in the day-to-day details.

Final Thoughts—Your Calgary Real Estate Journey Starts Now

Investing in Calgary real estate isn’t just about buying a property; it’s about securing a piece of a rapidly growing city with a bright future. Don’t hesitate to reach out if you’re ready to dive in. I’ll connect you with my trusted Calgary partner, who will guide you every step of the way.

Don’t wait. Opportunities in Calgary won’t last forever. Whether a first-time investor or an experienced professional, you have a place in this dynamic market. If you have any questions or want to discuss specific investment strategies, please reach out—my contact information is below.

Let’s make your Calgary real estate dreams a reality!