05/23/2019
A whole lot of Calgary communities that are veritably saturated in the Calgary real estate market right now. Areas such as Woodbine, Country Hills, Signal Hill, and many more have experienced relatively dramatic drops in building permit applications.
Overall, there was a 25% drop in residential building permit applications in Calgary from 2014 to 2015, and the stats have failed to really recover much since then. Many established communities are showing clear signs of being officially “tapped out” for the time being, with many building permit application drops being even more severe at around 40% in these communities.
This is not to say that you should not look at buying a home in these communities – much like this awesome city as a whole, each Calgary community has something special to offer those who choose to make a home within their boundaries. However, if you’re hoping to invest in a home that is both affordable and has the potential of appreciating in value in the comparative shorter term then you might want to read our recent blog post Top 5 Calgary Homebuying Hotspots: Best places to own a home in Calgary
https://www.elitehomerealestate.com/blog/top-5-calgary-homebuying-hotspots.html
