Maple Group Investments Market Insights
It’s a great time to evaluate market conditions and where we’re heading. As with every type of investment, there are highs, lows, and factors that affect how a year would look like. It is important to have a general insight on market sentiments in order to make sound decisions that can positively affect our portfolio. So, what’s in store for the coming year? Here’s what Maple Group Investments has in mind…
Calgary’s Real Estate Scene
There’s fear and hesitation for single family investors who are currently not buying and selling as much as multi-family investors. Compared to everywhere else in Canada, rent is lower in Calgary and has been historically low since 2015. Prices in Ottawa are high and because of this, it is harder to find deals in that region as well. However, Ottawa’s prices are higher when compared to Calgary but still lower when compared to Toronto. The prices in the different cities also present more room to grow.
Ottawa > Calgary > Toronto
In the past 6 months, interest rates have changed everything and a lot of investors are met with scarcity too. Because of this, individual investors are seeking to partner with experts in the field such as Maple Group Investments to be able to seamlessly enter the real estate scene and alleviate some of the hesitation that first-time investors or those who have invested in other ventures are currently experiencing.
Where are we headed?
Despite the historical data of having low rent compared to other cities in Canada, rent is starting to climb and getting back on par with the rest of the country. Markets will continue to rise! This is especially true for multi-family investors. Based on our analysis and projections, interest rates will continue to rise before declining some time next year. Because of this, we’re waiting for the right opportunity to sell our flip.
The timing and nature of investments can best be determined by those who have had years of experience and access to reliable sources of information in the real estate niche. This is why those who are looking to grow their portfolio and acquire assets are getting more encouraged to partner with Maple Group Investments.
The Economic Drivers in the Calgary Market
All economic niches have unique drivers that affect the market’s conditions and trajectory. Calgary has a diversified range of economic drivers including but not limited to:
- Oil and gas
- Technology
- Tourism
- Trades
- Healthcare
- Immigration
- Outside investments – investors from outside of Calgary
Considering the geographic advantages of Canada—Calgary in particular, there is a lot of space where investors can build. This offers room to grow when it comes to rent and value. The available land can be used for a number of purposes as well, whether it’s for schooling, healthcare, or commercial and other industrial purposes. Such advancements contribute to the already good quality of life and provides even more avenues for growth for locals and migrants alike.
Conclusion
While it is too early to say for sure how how the rest of the year will be, our projection is that markets will continue to rise, prices will appreciate, and multi-family investments are the way to go. With historical data and current real estate beats combined, investing on what shows the most promising returns after considering the driving factors of the real estate economy is the sound choice to make.
For more detailed and personal advice on how to grow your portfolio and which real estate niches to invest in, get in touch with us today!
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