Condos are king in Calgary with sales up 20 per cent year over year and no sign of that abating.
Linda Lam of Sotherby’s International says that people like the condo lifestyle; the convenience, location, security and amenities. She says that the city is popular and the relative affordability of condos in Calgary compared to some other markets is driving demand.
Ann-Marie Lurie CREB says that with the rental market being so tight many are realising that they can afford to buy. Resales and sales of new condos and townhouse condos are trending up and construction in the sector is working hard to keep pace.
Are you looking to invest in property? If you like, we can get one of our mortgage experts to tell you exactly how much you can afford to borrow, which is the best mortgage for you or how much they could save you right now if you have an existing mortgage. Click here to get help choosing the best mortgage rate
More market watch: