Five reasons to invest in Calgary right now
Five reasons to invest in Calgary right now
Calgary, Canada's oil and gas capital, is expanding and opening new investment opportunities for various industries. Real estate, technology, and energy sectors are already attracting the attention of investors, but the city offers much more. This blog post will walk you through five reasons why you should consider investing in Calgary right now. There are great things happening in this city, which could result in high returns on your investment.
Reason 1: Economic Diversification
Traditionally, Calgary was known for its oil and gas sector. However, the city has since diversified its economy with various industries like agriculture, technology, and tourism. This diversification has moulded Calgary into a more reliable city that's less vulnerable to oil and gas price shocks. Therefore, investing in Calgary now could mean steady returns from emerging industries.
Reason 2: A Growing Population
Calgary's population has developed over the past years, with an increasing number of people in the city's downtown area. In the next 25 years, the city's population is set to grow to over 2 million people. This influx of people presents a tremendous opportunity for demand in housing and commercial property.
Reason 3: Affordable Real Estate
Calgary's real estate market is relatively affordable in comparison to other major Canadian cities like Vancouver and Toronto. The current market prices are an excellent opportunity for investors to acquire affordable properties that have the potential to appreciate in value in the coming years. Calgary also offers investment options in affordable commercial real estate suited to smaller investors.
Reason 4: Low Taxes
Calgary has one of Canada's lowest business tax rates, making it an attractive destination for business owners. The low taxes, combined with a highly skilled workforce and efficient regulatory environment, strengthen Calgary's business ecosystem, positioning businesses to thrive and provide investors with reassuring returns on their investment.
Reason 5: A Thriving Start-Up Community
Calgary's start-up scene is bustling, with numerous start-ups making waves across the globe. The city's start-up community is supported by various incubators, accelerator programs and a thriving tech ecosystem. This scene offers investors a chance to fund new and innovative companies that could grow into industry leaders.
In conclusion, Calgary is a city on the rise with a thriving economy that has transitioned from the oil and gas industry into a diverse range of sectors. With low taxes, affordable real estate and an influx of people contributing to the city's vibrant ecosystem, investing in Calgary looks incredibly promising. From affordable real estate to a thriving start-up ecosystem, Calgary presents several reasons to jump on the investment opportunity bandwagon right now. As an investor, Calgary could be your next big opportunity to realise high returns on your investment.
