Calgary presents an interesting case in the world of Canadian real estate, as the market in the city has seemed to follow its own course for many years. Now, as the rest of Canada corrects heavily amid rising interest rates, Calgary is holding much better than other markets, and the city that already presents great appeal to investors is starting to look even more appealing, especially in the multifamily sector.

To find out more about new opportunities in Calgary multifamily real estate, we spoke to Natasha Phipps, an investor, agent and founder of  Phipps Real Estate Group at CIR Realty. Phipps is also one of CREW’s top investor agents for the city of Calgary.

According to Phipps, the market in the downtown core of Calgary was previously suppressed, first by the recession the city experienced in 2015, and later by the COVID pandemic that caused many to move towards the suburbs. Despite this, downtown Calgary is now making its comeback, and savvy investors may find great opportunities here.