Investing in Calgary Condos: A Profitable Opportunity

Calgary’s condominium market has become a hotspot for savvy investors and homebuyers alike. With strong appreciation rates, lucrative Airbnb potential, and accessible financing options, now is the perfect time to explore condo investments in this thriving city. Here’s a closer look at the key factors that make Calgary condos an excellent choice:

1. Strong Return on Investment (ROI)

Over the past five years, Calgary’s condo market has shown impressive appreciation. Between October 2022 and October 2023 alone, condo prices rose by an average of 16.1%, outperforming detached homes, which increased by 12.08% in the same period. This trend highlights the strong potential for long-term growth in Calgary’s condominium market.

2. Airbnb Opportunities and Revenue Potential

Condos in Calgary are a prime choice for short-term rental platforms like Airbnb. With a median occupancy rate of 71% and an average daily rate of $116, hosting an Airbnb in Calgary can generate approximately $29,000 in annual revenue. After typical expenses of around $5,000 for property management, utilities, and maintenance, you can expect a net annual income of $24,000.

Even with mortgage payments factored in, many properties can still generate a solid profit, especially at lower price points.

3. Mortgage Payments for Different Price Points

With today’s mortgage rates averaging 4.9%, here’s what you can expect for condos priced at $300,000, $400,000, and $500,000, assuming a 20% down payment and a 25-year mortgage term:

• $300,000 Condo:

  • Down Payment: $60,000
  • Monthly Payment: $1,389
  • Net Annual Profit from Airbnb: $7,331

• $400,000 Condo:

  • Down Payment: $80,000
  • Monthly Payment: $1,852
  • Net Annual Profit from Airbnb: $1,775

• $500,000 Condo:

  • Down Payment: $100,000
  • Monthly Payment: $2,315
  • Net Annual Profit from Airbnb: -$3,781

While higher-priced condos might result in slight deficits from Airbnb rentals, these properties often appreciate faster and offer higher long-term returns. Choosing the right property for your goals is key!

Yearly Income vs. Expenses for Airbnb Condos

If you’re considering a condo as an Airbnb investment, here’s how the numbers break down:

• Annual Income: $29,000
• Estimated Expenses: $5,000
• Net Income Before Mortgage Payments: $24,000

By balancing income with mortgage payments, Calgary condos can provide positive cash flow and long-term equity growth.

Find Your Perfect Condo Today

Ready to take the next step? We’ve curated an exclusive 10 Best Buys Report featuring the most promising condo opportunities in Calgary. Whether you’re looking for a profitable Airbnb investment or a long-term home, this report is your key to finding the best properties on the market.

Click here to access your 10 Best Buys Report and start your journey to condo ownership today!

Investing in a Calgary condo has never been more rewarding. From strong ROI to lucrative Airbnb opportunities, the possibilities are endless. Don’t miss out—explore the market today and secure your place in Calgary’s vibrant real estate scene.