Calgary Towns Have Fasted Growing Prices In Canada

Insights

May 7

Calgary's row housing sector is not just booming; it's leading the charge in price growth across Canada. With a staggering 17% increase in average prices over the past year according to a new new report by Zoocasa, townhomes are proving to be the sweetheart of the real estate scene in Calgary.

Why the sudden surge in demand? Well, it seems that townhomes have hit the sweet spot for many homebuyers. From first-time buyers eager to step onto the property ladder to empty-nesters looking to downsize without sacrificing comfort, townhomes offer the ideal blend of convenience and value.

Townhomes are the Goldilocks housing type:

large sizes like a house
still affordable and not too pricey
easier maintenance like a condo

And it's no wonder why! Townhomes provide a taste of suburban bliss without breaking the bank. With average prices hovering around $458,100, they offer an attractive alternative to detached homes, which now command prices nearing $790,000.

There is huge demand from first-time buyers, downsizers, and those seeking affordability and this is driving higher prices and very strong rental demand.

Despite rapid appreciation, townhomes remain a lucrative option - prices went up 2% last month alone - that's nearly $10,000 on the average townhome - in one month!

What's more, townhomes are not just a passing trend; they're a smart investment for the future. As Calgary's real estate landscape continues to evolve, townhomes are increasingly becoming the go-to choice for savvy buyers looking to maximize their purchasing power.

Are you In the market for a townhome investment or looking to relocate?
Get in touch today.