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Calgary a star city for residential real estate deals in 2018

Toronto and Vancouver aren't the only cities that will shine this year for real estate deals. According to experts in residential real estate in Canada, Calgary and Montreal will also be in the list of star cities. Calgary is expected to make an immense recovery this year and has already seen a 45 per cent increase in sales from this point last year, especially in the luxury market.

In fact, real estate in the entire province of Alberta is on the upswing after a definite downturn over the last few years. Buyer demand will be hot and experts say there will be enough supply to meet the demand, especially in the top tier market. Where Calgary and Montreal are booming -- Montreal is expected to be a leader in the luxury real estate market in 2018 -- activity in the Toronto and Vancouver markets will remain static.

In any case, transactions in Montreal were the second highest ever last year, according to the Greater Montreal Real Estate Board. Sales had increased by 20 per cent year-over-year in the first two months of 2018. Meanwhile, Calgary continues to crawl out of its dampened market.

Those who are primed to enter the world of residential real estate transactions in Canada would do well to enlist the help of an experienced lawyer. A lawyer is likely to know what the market is doing and might be able to advise his or her clients accordingly. Getting legal counsel before inking any deals may prevent financial faux pas. Both buyers and purchasers may benefit from sage legal guidance.

Source: news.buzzbuzzhome.com, "These Canadian cities are going to see a major boost to their luxury real estate markets in 2018", Sarah Niedoba, March 21, 2018

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