These Calgary park-front paired homes in Midtown perfectly encapsulate both ideas. These residences are situated on a large green area rather than facing a roadway, as do most dwellings. Many individuals prefer reduced traffic and a greater sense of solitude in their homes and neighborhoods. Young families could value having their kids play outdoors in front of their houses without having to worry about traffic. Homeowners that follow this orientation can also enjoy stunning park views from their porches and front windows.
• Starting Price: $487k
• Estimated Possession: Spring/Summer 2023
• Minimum of 5% Deposit Due At Time Of Firm Contract
• 1,676 sq. ft.
• 3 Bed, 2.5 Bath
5% Deposit of the total at the time of contract
Price Starting From $500s
✓ Open main floor layout
✓ 9’ main floor ceiling
✓ Foyer with handy coat closet
✓ Spacious front family room with large window to allow in natural light
✓ Central dining nook is open to the family room and kitchen
✓ Quartz countertops in kitchen and ensuite
✓ Central half bath
✓ Rear mudroom with coat closet
✓ Second floor laundry
✓ Bedroom three has a walk-in closet
✓ 3 piece main bath conveniently located close to secondary bedrooms
✓ Front owner’s suite with large walk-in closet and private 3-piece ensuite
Calgary is expected to expand tremendously! It is the third-largest city in Canada by population, and during the past ten years, it has had more population increase than either Vancouver or Toronto! More than 1.3 million people already call Calgary home, and by 2046, the population of the province is projected to expand by another 46%. As a result, real estate will be in higher demand, driving up prices and rental rates.
The province of Alberta is seen as a very profitable location for both business and real estate investment. The LOWEST tax rates in the nation are found there. As there is no provincial sales tax, there is also no HST. The government has promised to invest $10 BILLION on a package of infrastructure projects. There are no land transfer taxes, development fees, or rent controls in the real estate sector. The area is open for business and luring companies from all around the world as well as the rest of the country. A larger demand for real estate results from this simple equation: more business Equals more people.
The economy is booming and it’s only the beginning! With 99% of all oil produced now going to JUST the United States and being sold at below-market rates, Alberta is one of the world’s top oil producers. The Trans Mountain Pipeline, which will transport oil through the Rocky Mountains to the West Coast for ocean exports to markets all over the world at higher prices, is THE FIX! This will bring thousands of jobs to the sector and generate over $70 billion in revenue for producers and over $45 billion in revenue for the provincial and federal governments.
At the same time, and for good cause, the area is evolving into a major worldwide IT cluster. One of the greatest proportions of science, technology, engineering, and math graduates are found there. This is making it easier for multinational corporations and tech startups to establish themselves in the area. Not to mention the rise in “Tech Unicorns,” or businesses with a valuation greater than $1 billion. It’s no surprise that the economy is growing so well when you consider that and the large tax savings.
More jobs and a stronger economy lead to higher housing costs and rising real estate demands!