pre-construction properties in ontario & alberta
In recent years, the pre-construction market has experienced significant growth in both Ontario and Alberta. Here are some key statistics that highlight the opportunities available in these regions:
The demand for pre-construction properties in Ontario has skyrocketed, driven by the need for 1.5 million new homes by 2031 to accommodate the rapidly growing population. The surge in demand can be attributed to factors such as urban development, population growth, and a robust economy. The market in Ontario presents exceptional opportunities for individuals looking to invest in pre-construction properties.
Likewise, Alberta has experienced significant growth in pre-construction projects, especially in thriving urban centers such as Calgary and Edmonton. In 2022 alone, the city issued a remarkable 18,855 building permits, totalling an impressive $5.5 billion in value. This robust market presents highly appealing opportunities for both investors and homebuyers alike.