Millennials are benefiting from a confluence of factors, like low rates and minimal competition in the starter home segment, that have made homeownership less prohibitive.
Calgary Home Price
Across the nation CREW lists data for 5162 neighbourhoods, and this month Calgary is number 39 putting it ahead of most neighbourhoods .
When our research team crunched the numbers we calculated that Calgary has a median home price of $1,181,450.
3 bedroom properties are the most common available for real estate investors this month in neighbourhood.
The number of homes for sale this month in the neighbourhood has increased substantially at 339 in Aug .
Can we guarantee how well Calgary is going to do next year? No, but we can look at the data we have and use it as a starting point before doing research.
The amount of homes for sale in neighbourhood has fallen over the last three months – this means that supply and demand economics would mean that the pressure on house prices has also grown.
Across the country as a whole, Calgary is in the top 20% when all of Canada’s suburbs are listed in order of real estate listing prices.
The median house price listed in Calgary this month is $329,900.
Across Canada the most common number of bedroom property being listed has 2 bedrooms, in Aug this neighbourhood’s most common listing the same as the national average.
Alberta has the fourth most amount of properties available to property investors, with Calgary having 41th most in the province, out of a total of 99.
When we look at the data we have, it can help with trying to establish whether or not Calgary is a good investment target.
The amount of homes for sale in neighbourhood has increased over the last three months – this means that supply and demand economics would mean that the pressure on house prices has also slipped.
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