Calgary Real Estate Community Reviews

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Calgary Ranks in Top 10 of the World's Most Affordable Cities Calgary, Alberta, has been ranked in the top 10 of the world's most affordable cities, according to the Urban Reform Institute's Demographia International Housing Affordability Study. The study, which analyzed 92 cities around the world, found that Calgary had a median multiple of 4.0, meaning that the median house price in Calgary is four times the average annual income in the city. There are a number of factors that contribute to Calgary's affordability. First, the city has a relatively low cost of living. The average price of a gallon of gasoline in Calgary is $3.50, compared to $4.25 in Toronto and $4.60 in Vancouver. The cost of groceries and other necessities is also lower in Calgary than in many other major Canadian cities. Second, Calgary has a strong economy. The unemployment rate in Calgary is currently 4.9%, which is lower than the national average of 5.3%. The city is home to a number of major industries, including oil and gas, financial services, and transportation. Third, Calgary has a relatively young population. The median age in Calgary is 36.7 years, compared to 41.2 years in Toronto and 42.1 years in Vancouver. This means that there are more working-age adults in Calgary, which helps to keep housing prices down. The demographics of Calgary are also changing. The city is becoming more diverse, with a growing population of immigrants and international students. This diversity is helping to make Calgary a more vibrant and exciting city. The real estate market in Calgary is also strong. The average price of a home in Calgary was $525,000 in 2022, up 10% from the previous year. However, the market is still considered to be affordable, especially compared to other major Canadian cities. The population of Calgary is expected to continue to grow in the coming years. The city's economic growth and affordability are attracting new residents from all over Canada and the world. This growth is expected to create new jobs and opportunities for businesses and residents alike. The growth industries in Calgary include: * Oil and gas * Financial services * Transportation * Technology * Healthcare * Education These industries are all expected to continue to grow in the coming years, which will help to create a strong economy and a vibrant job market in Calgary. Please learn more Calgary and enjoy the experience.