Which City Ranks Third In Prosperity? Calgary.

Calgary has certainly being creating a lot of buzz as an emerging world city to watch. Who would have thought that it would come out ranked as one of the most prosperous cities in the world, even ahead of Toronto, just a few years ago?

In fact, much to Toronto’s dismay, the recently released Toronto Board of Trade’s 2011 Scorecard on Prosperity ranked Calgary number 3 in the world. This puts it just behind San Francisco and Paris, and well above Toronto, which came in at just 8th place, of the world’s 24 most prosperous urban centers.

It doesn’t matter which economist or research firm you talk to, everyone is praising Calgary. This includes the Urban Land Institute and Pricewaterhouse Coopers survey, Emerging Trends in Real Estate 2012, which recognizes the city’s energy backbone could well be poised to boom even further next year, making Calgary even more important to world economics and a formidable financial powerhouse.

With energy companies already expanding, a highly talented worker pool, great education system, plenty of jobs, and a continued influx of new residents and businesses, Calgary certainly stands out as a top performer for commercial real estate investing.

Both office space and retail space is being grabbed up at an incredible rate, as companies plan further expansion. Vacancy rates are at incredible lows, as are unemployment numbers and commercial real estate investors are enjoying buoyant cash flow levels with equity growth rising as well.

While the global economy may still be finding its footing, it is clear that commercial real estate in Calgary is one of the best options, and certainly a top choice for those seeking security and great returns. Even in comparison to Paris and San Francisco, when it comes to real estate investments, Calgary would clearly be the top pick for many reasons.

So where to invest? While all commercial real estate sectors are performing well in the area, clearly office and retail properties are the top picks for most. Certainly retail figures and competition for retail space is producing incredible income and equity growth for those invested with only better returns on the horizon.

The competition for the best shopping centres and plazas may be heating up due to investors rushing to lock in the best deals. However, there are great investments to be had if you have a great source with expert knowledge of the local area. Don’t immediately limit your options by just what you can afford to buy in cash or with mortgage financing. Look at partnership options, which can help leverage your capital and diversify your investments, while being able to take advantage of the expertise and market knowledge of others.

Want to learn more about how you can profit from commercial real estate in Canada or get more information on some of the great opportunities that are available? Contact Howard today by phone at 866-986-8673 or email him right now at howardm@redevgroup.ca.

Thank you for reading.

Richard Crenian
www.redevgroup.com