Last month, the Calgary housing market recorded the best year-over-year sales and price growth, outshining the rest of Canada’s housing market. In April, Calgary’s MLS data recorded 3,003 sales, or a 10.4% increase, while overall national sales dropped 3.1% to 47,997.
Key drivers such as a strong job market, full-time employment growth, migration, and income growth have played a vital role in driving housing demand and allowing Calgary to outshine the rest of Canada’s housing market.
These key drivers make Calgary a valuable place for investing. To read more about Calgary and its economic indicators, also check out 6 Reasons Why Calgary is My Pick for Real Estate Investment in Canada!
1. Strong Human Capital
The Toronto Region Board of Trade recently published global benchmarking report (Scorecard on Prosperity) ranking Calgary ahead of 24 global metropolitans, including San Francisco, Boston and Toronto, for its “robust employment”. Cities were evaluated based on key human capital characteristics such as employment, diversity, health and safety, and education. Calgary also placed first in fewest accidental work-place deaths (per 100,000 population) and female participation rates.
Manager of workforce and productivity at Calgary Economic Development, Jeanette Sutherland, explained that the vitality economic ...
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