Calgary condo market catching attention of investors outside province

Interest is largely driven by the relative affordability of Calgary compared with major centres like Toronto.

In its market insight report for the fourth quarter, Teranet further points out multi-property owners’ share of activity has grown from about 16 per cent of purchases a decade ago to more than a quarter today.

One significant change, however, has been a reduction in the “other” category, down from 26 per cent in 2011 to about 19 per cent today.

Calgary Real Estate Board statistics from October show the benchmark resale price for an apartment condominium was about $252,000.

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