One Ring (Road) to Rule Them All
Thursday, November 21st, 2013
Interesting article in the Calgary Herald recently posits that the now-moving-ahead southwest portion of the ring road could dramatically increase property values in nearby neighbourhoods. Especially encouraging, from a homeowner’s standpoint, is the fact that much of the land being discussed is already developed, meaning it’s owners themselves – not developers – who’ll see the profit.
It all comes down to accessibility. Commuting in Calgary’s not bad at all compared to other major markets, and thoroughfares like the ring road just make getting to work from the burbs that much easier. Anytime you can combine efficient access to services and workplaces with the quiet suburban lifestyle available near our city’s limits, you’re going to see values increase.
Of course, it’ll be years before the ring road is finished. I’ll be interested to see how many people build and buy in areas that will eventually be near the completed freeway in a short term pain, long term gain strategy.
