REIN to provide overview of Calgary's real estate investment horizon for 2017
Feb 02, 2017, 14:12 ET
Economic fundamentals suggest real estate investment opportunities exist for investors with long-term outlook
VANCOUVER, Feb. 2, 2017 /CNW/ - The sun is starting to rise on Calgary's economy. But is it shining on the housing market? New research by the Real Estate Investment Network (REIN) informs Calgary-based real estate investors with a long-term outlook this may be the time to purchase well-priced properties. To celebrate their twenty-fifth anniversary, REIN is sharing their latest research of the Calgary real estate market, for both investors and homeowners, at a free public meeting – What's Important Now (W.I.N.) with Real Estate.
REIN's infographic provides a summary of the city's economic fundamentals. Real estate is a lagging economic indicator, trailing behind the economy by 18-24 months. This means, right now, the housing market is set to underperform 10 year averages again in 2017. However, if the economy continues to grow as many are forecasting throughout this year, 2018 will prove to be the true turn-around year for Calgary real estate, maybe even performing at the ten-year average.
However, there are still interesting times ahead for Calgary. "Given the underlying economics and demographics of the city combined with the unoccupied inventory and new mortgage rules, we expect that the demand is to shift to lower priced neighbourhoods as well as those serviced with the Light Rail Transit system," says REIN's Senior Analyst Don R. Campbell. Many neighbourhoods will continue to feel the slowness.
To help Calgarians navigate these interesting times, two of REIN's experts will host a free, public event in Calgary. REIN's President Richard Dolan and Jared Hope, Owner of Landlord Resource Center will share information, insights and strategies for homeowners and investors on February 8.
REIN experts will provide a deeper understanding of:
- Key concerns facing Calgary-focused investors
- Strategies to break free from constraints about the market and your position
- Why investing in real estate works to create a financially certain future, if done correctly
Between 2014 and 2018, $5.8 billion has been budgeted for infrastructure projects and other capital items. This includes the LRT system in Calgary, which has the second-most per-capita ridership in Canada as a result of the average age in Calgary and a large cohort of millennials, many of whom seek rental housing and eventually permanent ownership near transit.
REIN's demographic and economic research shows that strategic investors in Calgary must consider properties within 800 meters of current and future stations along C-Train routes in order to protect themselves from downturns and position themselves perfectly for upswings. The research and analysis behind this conclusion, and more, are shared on February 8.
W.I.N. with Real Estate is a free, public event in Calgary presented by REIN on February 8, 2017 at 6:30 PM MST at the Coast Plaza Hotel. Register here to attend.
About REIN:
The Real Estate Investment Network (www.reincanada.com) is Canada's most trusted real estate investment education, analysis, research and strategic leadership resource. REIN provides real estate investing workshops, services and products for its Members and the public. Since its founding in 1992, REIN has delivered balanced and impartial research and economic insights integrated with relevant and cutting-edge analysis.
For more information:
To register:
http://info.reincanada.com/win-with-real-estate-calgary
Infographic:
http://cdn3.reincanada.com/files/Calgary_Executive_Summary_Infographic_2017.pdf
Spokesperson headshot:
http://cdn3.reincanada.com/images/DON%20R.%20CAMPBELL-0742-WEB.jpg
SOURCE Real Estate Investment Network Ltd.
To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/February2017/02/c3596.html
For further information: Jennifer Hunt, Director Strategic Projects, Real Estate Investment Network, media@REINCanada.com, 604.449.6034
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