I’m always on the look out for great investment opportunities even those that may be outside of the Greater Toronto Area. In a recent meeting with one of Toronto’s leading developers, Graywood Developments brought me a very compelling investment opportunity – Theodore Condos in Calgary.

What’s most attractive about this opportunity?

5% downpayment*
Cashflow positive
(*ask for the investor package)

That, there, is two of the most desired investment criteria for most of my investors. Tricky to find in Toronto’s current real estate market but possible not too far away from home, in Calgary.

Let’s talk about Calgary – the city. Peaceful, calm, picturesque, home to the Calgary stampede – even the Royals made a stop here on their first major tour. Calgary’s skyline is dotted with mountains in the distance surrounded by all the best Mother Nature has to offer with a busy urban centre in the downtown core. Calgarians will describe themselves as peaceful and rightly so they don’t war with the 401 or city traffic like we are here in Toronto shaving years off our lives.

Home to some of the best restaurants in the country, the Stampede, a thriving arts and culture scene, best shopping – Nordtrom Canada chose Calgary as the first market to open its first Canadian store, and a perfect marriage between nature and city living. it’s no wonder that Calgary receives honour as the one below!

The Most Livable City in North America
Home to 1.3 million people, Calgary is often recognized for its high quality of life. For the 10^th year in a row, Calgary has ranked in the top five of The Economist Intelligence Unit’s Global Livability Index beating both Vancouver (6th place) and Toronto (7th place).

And for the second consecutive year, Calgary was named the most livable city in North America, and as the city’s Mayor Naheed Nenshi tweeted, “THE best place in the entire western hemisphere to live!”

The annual report surveys 140 global cities on 30 factors across five categories – stability, healthcare, culture and environment, education and infrastructure.

Calgary was ranked with an overall score of 97.5 out of 100, and ranked 100 per cent in stability, healthcare, education and infrastructure.

The Positive Trends
Population Growth : According to Statistics Canada, Calgary has had the highest population growth over the past decade of major cities in Canada, beating both Vancouver and Toronto. Then population is expected to become 1.399 million by 2023.

Net Migration : projected to grow in 2020 to about 10,000 up from 9,560 last year. International migration should grow, leading to lower vacancies, rent increases and reductions in overall supply.

Improving labour market conditions continue to drive rental demand : Throughout the first ten months of 2019, there were 34,170 jobs added compared to the same period last year, an increase of 4.1%. A recovering labour market in Calgary has contributed to increases in interprovincial migration, which has supported rental demand.

High Rents : The inflow of urban professionals attracted to the city has increased demand for rental units. Strengthening employment growth and improving interprovincial migration, together with a low vacancy rate, have been contributing to the rise in rents in Calgary.

Same overall trends as Toronto : Population growth, increase demand, investor owned condominium apartments provide an additional source of rental units and rents are high.

Located in Kensington, a neighbourhood with soul

Brought to life by Graywood, Theodore condos will be Kensington’s tallest building, perfectly positioned on 10th Street Northwest. With over 270 amenities in walking distance, there is simply no better Kensington location.

Steps from iconic Riley Park, grocery stores, gyms, cafés and even the Sunnyside CTrain station. Convenient connections to downtown, the Bow River pathways and more.

Prices starting $269,900 for a one bedroom unit and $372,900 for a two bedroom unit 

Deposit Structure:
5% in 10 days of offer
(Plus 5% mandatory bond plan in 200 days- reply for more details)

Incentives: 
2 Year Rental Program – Graywood to cover the management fees – OR $6,000 cash back on closing

Advantages of Investing in Real Estate in Calgary (vs. Toronto):
$0 Property Transfer Tax
$0 Vacancy Tax
$0 Foreign Buyer Tax

Contact us to receive your Investor Package with additional information!