Buyer Market - Calgary Condos
- Jul 16
- 2 min read
Prices are low, buying now ensures you get the best unit for a great price.
We get it, with all the corporate towers being built in Calgary, buying a condo is not an investment, but it can provide a pressure free lifestyle that builds equity. Prices are so low that if you are staying in Calgary for the next decade, a condo is less expensive than renting.
Ten reasons why buying a condo in Calgary can be a good idea:
Lots of inventory: With prices this low, it can offset the condo fees and higher interest rates if you buy with some built in equity. (We will help you with that)
Rent vs mortgage: Mortgage payments eventually end and equity compounds. You also gain experience in being an owner and learn first hand finance skills, rent is a net zero return.
More for your money: If you love high-end appliances and finishes, they are doable in smaller footprints, you might have less square footage but a better lifestyle.
Views: There's something to be said for a balcony with a view. Add plants and shrubs and make a little oasis that also lends privacy. It beats staring at someone's double car garage door.
Better security: You can ask the building manager to check on your faucets, and there are extra layers of security built into condo buildings, from cameras to fobs. Fewer entry points into your home means more peace of mind.
Less maintenance: Condo fees typically cover building maintenance, water, and heat, so you pay roughly the same or less than you would in a house. You also have less square footage to clean, which means more free time.
Overall savings: Compounding equity, a smaller footprint, and less spending on furniture and clutter (because you just don't have the room to store more shopping hauls) add up fast in your savings account.
Experience: Going straight from renting to a home with a yard can be overwhelming. A condo is the perfect place to develop those ownership and stewardship skills first.
The property step ladder: We wouldn't call buying a condo a full step on the property ladder exactly, but it's a small step toward equity, experience, and eventual ownership. Whatever the next decade brings, one thing is certain: you'll have an affordable roof over your head.
Checklist - We are really picky when it comes to condo living, we have 2 great resources that we created to help condo buyers buy the best unit. Our condo checklist, covers the things no one tells you about before you commit, and our Luxury Condo page, lets you in on a secret: you can find affordable units in those very buildings, or in buildings in the same area.
Contact us ASAP if you're ready to convert from renter to owner in this recent condo buyer's market. At these prices, the best units won't stay on the market long. Buyer Market - Calgary Condo
