Monday, February 11, 2013

Calgary Sees Huge Jump in New Condo Sales


Alberta’s booming economy is attracting thousands of skilled foreign workers to move to Calgary in pursuit of various Canada job openings.  This has contributed to a significant boost in the sale of new condos and townhouses in Calgary, which increased 26% in 2012 over 2011 levels, according to a new report by the Altus Group consulting company.  This huge jump in new condo sales during 2012 resulted from “the introduction of new, affordably-priced projects which boosted the available inventory in the market and gave consumers considerable choice in terms of product, location, and price,” as stated by the report’s author, Matthew Boukall. 

Calgary is one of the choice destinations for people applying for a Canadian visa for several reasons.  Calgary is the largest city in Alberta and boasts a population (2011) of 1,096,833.  In August 2012, the respected Economist Intelligence Unit (EIU) ranked Calgary as the 5th “Most Livable City” in the World (out of the 140 global cities evaluated), tied with Adelaide, Australia.  This assessment considered 30 factors that were grouped into five major categories: (1) culture and environment; (2) education; (3) healthcare; (4) infrastructure; and (5) stability.  Scores ranging from 0 to 100 were given to the 140 cities examined, with 100 being a perfect score.  Calgary received an impressive score of 96.5 on the EIU “livability” scale, indicating that in various ways, Calgary is a great place to live!  Aside from having Canadian job opportunities and a very high standard of living, Calgary’s location in the province of Alberta provides Calgary residents with easy access to some of the most beautiful scenery in the world - Banff, Jasper and Waterton national parks!  Alberta also boasts the second lowest unemployment rate in Canada (4.5% as of January 2013), just behind neighboring Saskatchewan which had an unemployment rate of just 4.0% in January 2013. 

Thus, if you are thinking about Canadian immigration and want to move to a beautiful location with a high standard of living and plenty of jobs Canada can offer,  it makes sense to consider Calgary as a prime place to live.