Calgary real estate information

The city of Calgary, known as the Heart of the New West, has been a hub of economic growth since the early nineties. Calgary real estate trends have been greatly impacted by the state of the petroleum industry. Rapid growth within the Calgary real estate market has followed a decade of economic surplus. However, tourism and agriculture are also important factors when looking at the Calgary real estate climate. Drawing millions of visitors from around the world each year, the Calgary Stampede is a mainstay for city tourism. As Alberta's largest city, famous for its proximity to great natural beauty, Calgary is located within the foothills of the Rocky Mountains and along the banks of the Bow River.

Calgary's population was 1,065,455, according to the 2009 civic census and October 2009 saw 1,285 single family homes change hands within Calgary's real estate market. Successful diversification efforts have made Calgary home to a strong high technology sector and have impacted the strength of Calgary real estate. Today Calgary and its real estate community, are home to one of the Nation’s highest educated and youngest populations. The University of Calgary is ranked one of Canada’s top seven research universities and has recently embarked on a substantial expansion project. The Calgary skyline is comprised of new glass skyscrapers and condos are a significant part of the Calgary real estate landscape. Since October 2009 The Calgary Real Estate Board has been predicting increases in housing starts and prices. These predictions are based on the continued influx of residence into the Calgary real estate community. This predictions about the Calgary real estate market seem to be holding up. According to figures for fall 2009, released by the Calgary Real Estate Board, the average price for (detached/resale) homes inside the city limits were up to $450,000 and resale condo prices were up to as much as $279,600.

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