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Calgary Real Estate Foreclosures.

 

Over the past several weeks several of my investor clients have contacted me to discuss the opportunity of buying a foreclosed property inCalgary.

 

Are foreclosures up in the Calgary market?  Certainly, they appear to be up by about 30% but the number of foreclosures is still very small!  To put it in prespective there are currently 56 foreclosures in Calgary on the market and over 5000 active listings.

 

Personally I have received several requests from investors asking about investing in foreclosures.   That means that there are likely an additional 5000 realtors in Calgary receiving the same requests.  So we have probably over 5000 investors eyeballing 56 properties...

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