Is Calgary Real Estate affordable?
Posted by Real Estate Partners Team on
Calgary carries a high dependency on the oil and gas sector, this accounts for roughly 70% of businesses based in Calgary, this can mean high volatility and risk of bust-boom cycles that come and go with a natural resource like oil. Recently Calgary has been recovering from highs in 2012 due to Oil prices taking a nose dive. Residents in Calgary on average earn more than other cities in Canada with an average weekly take home pay of about $1150 per week, this compared to Toronto and Vancouver being $1015 and $950 respectively.
Calgary is considered one of the top business hubs in Canada and the top of Western Canada with over 100 head offices, our city is recognized as a global leader in Energy and Engineering. Calgary usually sees a GDP growth of…
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