This week, Money Sense released their “Where to Buy Now” list for 2016; Calgary ranked number 17 nationwide for investment opportunity. The list also included a ranking of Calgary’s neighbourhoods, in terms of which ones pose the greatest opportunity for return on investment, if you buy this year.
There are plenty of qualified buyers, though many are waiting on the sidelines, either unimpressed by what’s available or anticipating steeper declines to come. That doesn’t mean there aren’t opportunities. Those hoping to get a return on their investment should look to lower-priced and undervalued neighbourhoods. [Money Sense]
While the rankings listed Calgary’s communities in whole, here’s a look at the top ten neighbourhoods to invest in, in 2016:
- Glamorgan: Located in southwest Calgary; average price is $558,542. Current listings
- Falconridge: Located in the northeast; average price is $360,483. Current listings
- Castleridge: Located in the northeast; average price is $364,450. Current listings
- Ranchlands: Located in the northwest; average price is $445,892. Current listings
- Abbeydale: Located in the northeast; average price is $347,125. Current listings
- Martindale: Located in the northeast; average price is $361,700. Current listings
- Capitol Hill: Located in the northwest; average price is $576,100. Current listings
- Inglewood: Located in the southeast; average price is $500,442. Current listings
- Bridgeland: Located in the northeast; average price is $559,675. Current listings
- Renfrew: Located in the northeast: average price is $541,233. Current listings
A full ranking of 167 Calgary communities can be found on the Money Sense website here. For more information about investing in real estate this year, feel free to contact us.
