{"id":2738,"date":"2017-05-10T07:00:03","date_gmt":"2017-05-10T06:00:03","guid":{"rendered":"https:\/\/www.buyassociation.co.uk\/?p=2738"},"modified":"2023-09-29T10:25:29","modified_gmt":"2023-09-29T09:25:29","slug":"calgary-looking-promising-property-investors","status":"publish","type":"post","link":"https:\/\/www.buyassociationgroup.com\/en-gb\/2017\/05\/10\/calgary-looking-promising-property-investors\/","title":{"rendered":"Calgary looking promising for property investors"},"content":{"rendered":"<p><strong>Since Vancouver introduced a 15% property tax for foreign purchasers last August, and Toronto is poised to follow suit, the opportunities for Canadian investment now seem to lie in Calgary.<\/strong><\/p>\n<p>\u201cI think that foreign investors who want to <a href=\"https:\/\/www.buyassociationgroup.com\/en-gb\/2017\/04\/28\/toronto-penalise-foreign-buyers\/\" target=\"\" rel=\"noopener\">invest in Canada<\/a> will shift to Calgary, lured by the most attractive returns in the country,\u201d commented Calvin Buss, company president of Calgary-based Buss Marketing.<\/p>\n<blockquote class=\"wp-embedded-content\" data-secret=\"6fZbvDBIgm\"><p><a href=\"https:\/\/www.buyassociationgroup.com\/en-gb\/2017\/04\/26\/ubs-forecasts-end-australian-bubble\/\">UBS forecasts end of Australian bubble<\/a><\/p><\/blockquote>\n<p><iframe class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; clip: rect(1px, 1px, 1px, 1px);\" title=\"&#8220;UBS forecasts end of Australian bubble&#8221; &#8212; BuyAssociation Group\" src=\"https:\/\/www.buyassociationgroup.com\/en-gb\/2017\/04\/26\/ubs-forecasts-end-australian-bubble\/embed\/#?secret=ehRAP9P2kt#?secret=6fZbvDBIgm\" data-secret=\"6fZbvDBIgm\" width=\"600\" height=\"338\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe><\/p>\n<p>Alberta is still working its way back towards a healthy economy \u2013 meaning that property prices are much more reasonable compared to other areas in Canada.<\/p>\n<p>Calgary also benefits from the fact that a rise in house prices would be welcomed \u2013 unlike in Vancouver and Toronto \u2013 meaning that foreign investors would be encouraged.<\/p>\n<p>\u201cThey\u2019d [foreign property investors] actually be welcomed here in Alberta,\u201d says Todd Hirsch, chief economist at ATB Financial.<\/p>\n<p>Hong Wang, an estate agent in Calgary, agrees. \u201cOur market needs support from <a href=\"https:\/\/www.buyassociationgroup.com\/en-gb\/2016\/09\/30\/london-mayor-launch-inquiry-foreign-property-investment-capital\/\" target=\"\" rel=\"noopener\">foreign money<\/a>,\u201d she explained.<\/p>\n<blockquote class=\"wp-embedded-content\" data-secret=\"74Hg5sPDye\"><p><a href=\"https:\/\/www.buyassociationgroup.com\/en-gb\/2017\/01\/02\/china-dominates-cities-index\/\">China Dominates Cities Index<\/a><\/p><\/blockquote>\n<p><iframe class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; clip: rect(1px, 1px, 1px, 1px);\" title=\"&#8220;China Dominates Cities Index&#8221; &#8212; BuyAssociation Group\" src=\"https:\/\/www.buyassociationgroup.com\/en-gb\/2017\/01\/02\/china-dominates-cities-index\/embed\/#?secret=DVpXfFCpH8#?secret=74Hg5sPDye\" data-secret=\"74Hg5sPDye\" width=\"600\" height=\"338\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe><\/p>\n<p>Following the introduction of the foreign buyer tax in Vancouver, Juwai.com, a Chinese website that targets international property buyers, promoted the benefits of Calgary. It predicted that a new direct flight offered by Hainan Airlines between Beijing and the Canadian city would bring \u201can influx of Chinese visitors in the future\u201d \u2013 although it seems that this is yet to come to fruition.<\/p>\n<p>The key to gaining more international investors could lie in tourism. \u201cThere is a discussion about whether or not Calgary should apply to host another Winter Olympics,\u201d continued Wang.<\/p>\n<blockquote><p>\u201cWhy is this even a question? Anything that can put us on the map is great.\u201d<\/p><\/blockquote>\n<p>Calls are now being made for the local municipal government do more to raise Calgary\u2019s profile with foreign investors.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Since Vancouver introduced a 15% property tax for foreign purchasers last August, and Toronto is poised to follow suit, the opportunities for Canadian investment now seem to lie in Calgary. \u201cI think that foreign investors who want to invest in Canada will shift to Calgary, lured by the most attractive returns in the country,\u201d commented<a class=\"excerpt-read-more\" href=\"https:\/\/www.buyassociationgroup.com\/en-gb\/2017\/05\/10\/calgary-looking-promising-property-investors\/\" title=\"ReadCalgary looking promising for property investors\">&#8230; Read more &raquo;<\/a><\/p>\n","protected":false},"author":1069,"featured_media":4360,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[141],"tags":[283,239,212,233,264,294],"acf":[],"_links":{"self":[{"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/posts\/2738"}],"collection":[{"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/users\/1069"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/comments?post=2738"}],"version-history":[{"count":1,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/posts\/2738\/revisions"}],"predecessor-version":[{"id":6096697,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/posts\/2738\/revisions\/6096697"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/media\/4360"}],"wp:attachment":[{"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/media?parent=2738"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/categories?post=2738"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/tags?post=2738"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}