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Why Calgary is Special
The Toronto Board of Trade (TBT) published for the third time its annual Scorecard on Prosperity. The survey appraises 24 most prominent cities across the world for their attractiveness for workers and families, living environment, and economic growth. Some of the surveyed cities were Boston, Tokyo, Calgary, Paris or San Francisco.
Calgary is Canada’s only CMA to get an Economy grade of B. Toronto is still behind, ranking eleventh having received a C. Calgary managed to make up for weak rankings in market size, IPOs and the amount of venture capital investment with excellent results in income growth, favourable unemployment rate, residential building permit growth, and the growth of GDP. Calgary’s average GDP growth is approximately a little more than five per cent, the 2nd fastest-growing GDP of the 24 all the surveyed metro areas. However, no city comes anywhere close to the phenomenal growth of Hong Kong, with its 11.1%.
Calgary home buying tips
Are you moving from one part of the city to another, or moving into Calgary for work? In that case you are most likely deciding whether to start by selling your old home first, or by by purchasing the new one first. There is no single resolution to this question; many factors are dependent on market conditions, and there is also the question of what deadlines and incentives you need to satisfy, what homes are currently available within your price limit, and much more. In general, however, it often makes sense to sell your Calgary home first. That way, you’ll have dealt with the sale and may rather focus on the purchase. This may limit the time you have to buy your next home before having to leave your present one; but you will know precisely what your funds are at the time of the purchase, it is arguably better to be required to buy faster than to be pressured to sell.
Provided this is an option, try to schedule your home trade transactions so they take place on the same closing date (or just a couple of days apart). When selling real estate in Calgary, we will ask for a longer closing period in order to give you bonus time to decide upon your next home. Of course, if you are buying an investment property, you will have the chance to pay whenever the market favours you.
If you are willing to settle in North Calgary, why don’t you check out the most attractive neighbourhoods in Calgary? These are Beddington or Kincoraand more.
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