With real estate on the downturn in Calgary, will foreign buyers be the saviour?
Recently the Calgary Real Estate Board checked with local experts to see what the future looks like in Calgary’s real estate industry. Calgary journalist Alex Frazer-Harrison spoke to advisor Mark D. Evernden, banker Todd Hirsh and Mary Moran, CEO of Calgary Economic Development to get their take on whether Calgary is a good option for foreign real estate buyers.
Calgary is Affordable
Mr. Evernden believes that inventors perceive Calgary as having tremendous value, especially since foreign buyers deal in U.S. dollars. Therefore, the dollar goes farther.
Calgary is also the next place foreign investors are looking now that the B.C. Government has added a…