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Calgary Real Estate Market Massive Growth due to Professional influx & low inventory – Study

Posted by on Jan 9, 2014 in News, Real Estate, Uncategorized | 0 comments

Calgary real estate market is booming because of lack of properties and population growth as discovered by a new study carried out by Royal LePage House Price survey. The survey revealed astonishing results for quarter three – the average bungalow prices in Calgary for the third quarter are up 7.2% year-over-year to $465,411 , Two storey house prices are up 3.4% year-over-year to $446,411. Standard condominium prices are increasing 5.6% year-over-year to $263,087. “A continous period of low housing inventory coupled with a strong economy and an influx of corporate sector workers is pushing prices up regularly” said Ted Zaharko, broker/owner, Royal LePage. “For some time now too many buyers have been chasing too few properties.” He further said that the inventory is low in all housing categories, specially in detached bungalows which are much rarer in Calgary compared to...

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Why should you consider an investment property?

Posted by on May 29, 2013 in News | 0 comments

Traditional income methods, which include salaries and stock investments, are often not enough to generate the living standard or cash security most Canadians seek. Why should a potential investor look into income properties in Canada or offshore? One of the main benefits of investment properties outside of the buyer’s home, i.e. investment suites developed in the buyer’s own home, is that the buyer is not limited by space, location or local market value. Legacy Wealth investment properties are selected based on stringent assessment parameters which include potential appreciation value, desirability of location, proximity to popular venues and transit, and the general aspect of the property. Simply put, our properties are selected with our clients in mind, as our clients are the ones who retain sole ownership of the property in which they invest. If you would like to learn...

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