The real estate market in Alberta, Canada is booming and changing every day. Calgary homes for sale are at a premium while some properties go for over $1 million.
The housing market in Canada has been growing exponentially since the 1980s. As the economy grows, so does the demand for houses. There are several factors that cause this increase in demand which include immigration, job creation, population growth, and globalization.
Here’s what you should know if you’re looking to buy a home in Alberta.
Do Your Research
If you’re thinking of buying a home in Albert, you’re not alone. In the past few years, home prices have been on the rise and many people want to buy a home now. The best advice for buying a house is to do your research and find out what your options are.
Rates Are Low
Interest rates are at their lowest in decades in Alberta. With this low rate on mortgages and home loans, people are getting into real estate investment opportunities and purchasing homes for their families and loved ones. So if you have been house hunting in Alberta, now is the best time to take the next step.
Lots of Land Available
Alberta has lots of land available. The best part about it is that while the land is mostly mountainous and forested, the prices are relatively affordable and there are lots of opportunities to find a piece of land to call your own. This is great news for those looking to invest or build their own home.
Low Crime Rates
Alberta has been a prominent destination for newcomers. In the past few years, Alberta has been ranked as the top province in Canada with the best quality of life and lowest crime rates in Canada.
Alberta’s low crime rates and low cost of living have contributed to its appeal. People who move to Alberta do so because they want a different way of life and they want to escape from high crime rates in other Canadian provinces.
Increased Access to Public Transportation
Alberta is one of the few Canadian provinces that have a strong and centrally-planned transit system. As a result, people are moving there from other provinces because of this public transport infrastructure. These modes of transport are used by many commuters who have decided to leave their cars at home and take public transportation instead.
Purchasing a Home in Alberta
Buying your first home can be an exciting experience but it can also be complicated. Make sure you do your homework before visiting Alberta to find the perfect place for you and your family. Once you’re ready to start your home search, begin with the many prestigious Calgary homes for sale.