Investors in Calgary’s real estate class are taking the plunge and taking it fast, with a record-breaking investment class for 2018 set to begin on Tuesday.
The first-ever class of new investors is expected to be around 4,500 people and includes the likes of investors from Australia, Canada, Singapore and the United States, according to real estate agent and investment consultant Tom Beasley.
“We are very excited to see the real estate investors coming out,” Beasley told Al Jazeera.
“The average age of those in the class is a little over 55 years old, but this is an incredible opportunity to see that real estate investing is growing in Canada.”
The class will begin on Wednesday morning at the Royal Oak Hotel in Calgary, and be open to investors from all over the world.
“If you’re not familiar with real estate, you should be,” Beasley said.
“You will be given a series of questions about your personal situation, the property, your expectations, your goals and how you want to invest your money.
The money will be invested in real estate.”
The investment class is being held in response to the global housing market crash and its aftermath, as well as a tightening of credit standards.
Beasley said the class has seen a significant rise in the interest of Canadians.
“People want to be able to invest in the real-estate market right now,” he said.
Beasley, who specializes in investment classes in Canada, said the realisation that Canada has a housing market is also driving interest in the investment class.
“A lot of people want to take advantage of this opportunity because it’s something that’s really on their radar,” he explained.
“There are more and more people looking at Canada as a place to invest their money.”
Real estate investors have been investing in the country’s real-time rental markets for some time, with some saying that it has become the first real estate industry to get a significant boost from a new wave of supply and demand, fuelled by a booming economy.
Beavis said that while some people are already in the market, the class will be the first to open up to new investors.
“I think it’s a really interesting, big opportunity for Canadians to be in that class and be able invest in Calgary,” he told Aljazeera.
Beers has seen an increase in interest from people who are looking to start their own business or are looking for a way to invest money.
“They’re all looking to put their money to work and start a business,” he added.
“It’s not about making a big deposit or taking out a big loan.
They just want to put money in and start doing something.”
While the investment classes are only a small part of Beasley’s realty class, he said it’s definitely growing in interest.
“This is the start of a new era for real estate in Canada,” he stated.
“Canada has been the number one foreign real estate market in the world, and that’s just starting to change.”
Beasley believes that as the housing market recovers, it will be a good time for Canadians and investors alike to start investing in Calgary.
“In Calgary, we’ve got a great, cheap, growing real estate sector,” he noted.
“What I really hope is that people will invest in this market, and I think they will.”