In our previous blog, we went over the market trends for detached homes and condo prices in Calgary. The average price of a home increased by 1.3% for a two storey home and decreased by 3.5% for condos.
There were two main factors to help you decide which type of home you should invest in which included:
- What is your price range/budget
- What is your lifestyle
We will go over the benefits of purchasing a condo in Calgary when it comes to budget and lifestyle.
When it comes to buying a new home, you will need to consider the new mortgage rules which have already entered into effect. This is resulting in more Canadian purchasing homes that are 20% below their original budget for a home. Here are some factors to consider…