Calgary builders lure investor buyers

Amid a housing affordability crisis, new construction is essential to meet the demand of Calgary’s growing population. As home-ownership costs rise beyond the reach of many, investor buyers in the new-build condo market play an important role in securing a steady supply of new homes. Investor activity, however, can create significant challenges for first-time buyers, as competing interests emerge.

“Developers need to cater to investors to get their projects off the ground,” says Natasha Phipps, a Calgary realtor and investment property specialist, pointing at the introduction of incentives, such as free property management and rental guarantees, to lure investors.