1. Oil market is getting hot.
2. People move from other province because the jobs.
3. The tallest building in Calgary, Bow Tower (58 floors) has been finished.
Where to invest?
Most of offices are located at downtown area, and busy traffic make people have to consider about coming work by walking, C-Train, and Bus.
1. Walking distance: downtown apartment is first choice. As in 2006 and 2007, the apartment prices have been rise up twice. There is not too much rising profit left. The only profit will be rental income. Currently, downtown one good bedroom rent is about $1000/mo. parking is about $100/mo if you rent the room. As current market. $200,000 property could get investment balance. Formula: Rental income => Mortgage + Condo fee + Property tax. In the mortgage, there are two parts, one part is primary, and another part is the bank interest. If the rental income is balanced with your cost, the primary part will be your profit, similar as you same money on your property. Of course, if the property is less than $200,000, rent over $1000/mo. All the profit are yours.
Link of Mortgage calculator https://www.rbcroyalbank.com/cgi-bin/mortgage/mpc/start.cgi
The best invest property in downtown: Rocky Mountain Court (221-6Ave.SE). Second choice is Chinatown properties, small but only about $100,000 per unit.
2. C-Train, any building close to C-Train Station. And count the balance first using the Formula above. Recommend stations: Victoria Park, Elton Stampede Park, 39 Ave, Chinook, and Heritage.
3. Bus, any building on Centre Street, or Elbow drive with No.3 bus in 30 minutes to downtown will be good rental investment. Recommend area: North, from downtown to 40 Ave. (Highland Park area); South, from downtown to Glenmore trail area (Mayfair, Kelvin grove).
Where to post: Kijiji Calgary http://calgary.kijiji.ca/f-real-estate-apartments-condos-W0QQCatIdZ37
*Reference only, invest has risk.
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