When Canadians think of hot real estate markets, the spotlight often falls on Toronto or Vancouver. But the truth is, Alberta is quietly outpacing many major metros in terms of value, opportunity, and long-term stability.
Calgary is the anchor, but the towns surrounding it, Strathmore, Okotoks, Chestermere, Cochrane, and Airdrie, are the real story to watch. For multi-family investors, these communities represent the perfect balance of affordability, growth, and financing opportunity.
Alberta’s Economic Transformation
Alberta is no longer just an oil province. Over the last decade, it has deliberately broadened its economic base:
- Tech & Innovation: Calgary now ranks among Canada’s top tech cities, with startups attracting record-breaking investment.
- Clean Energy & Life Sciences: The province is investing heavily in renewable energy and biotechnology, drawing global companies.
- Manufacturing & Logistics: Edmonton’s industrial sector continues to expand, serving as a key driver for jobs and housing demand.
This diversification makes Alberta’s housing market resilient, reducing reliance on a single industry while drawing a steady stream of newcomers seeking jobs and a better quality of life.
The Housing Ripple Effect: Why Surrounding Towns Shine
As Calgary’s population grows and housing demand tightens, nearby towns are seeing unprecedented interest.
- Strathmore: Affordable homes and strong schools are making it a top choice for families. Rental demand is rising as more young households settle here.
- Okotoks: With its walkable neighborhoods, thriving arts scene, and access to Calgary, Okotoks has become a lifestyle destination.
- Chestermere: The lakefront lifestyle offers something unique. Rental properties here rarely stay vacant, especially during peak seasons.
- Cochrane: Outdoor lovers flock to Cochrane for its mountain views, trails, and small-town charm. Investors benefit from both long-term renters and those testing the market before buying.
- Airdrie: The fastest-growing town in Alberta, Airdrie has become a hub of its own. With schools, shopping, and strong infrastructure, it’s no longer just a commuter town.
Each of these towns brings a unique lifestyle advantage while still tying into Calgary’s powerful economy.
How CMHC MLI Selects Powers Growth
Investors looking at multi-family properties in these towns have a major advantage: CMHC’s MLI Select program.
- Up to 95% financing helps investors preserve capital for future acquisitions.
- 50-year amortization enhances cash flow and long-term stability.
- Alignment with affordability: These smaller towns already offer affordable housing options, which makes them naturally aligned with the program’s goals.
This means investors can expand portfolios faster while also supporting communities in need of more rental housing.
The Investor’s Advantage
What sets Alberta apart is its rare combination of affordability + high incomes + population growth. Calgary’s median household income ranks among the highest in major Canadian cities, yet housing costs remain half those of Toronto or Vancouver. This affordability spreads outward into nearby towns, creating a sweet spot for renters and landlords alike.
For investors, it’s the kind of environment that creates steady occupancy, reliable rents, and long-term appreciation.
Closing Note
The future of Alberta real estate isn’t just about Calgary’s skyline; it’s about the thriving towns surrounding it. Strathmore, Okotoks, Chestermere, Cochrane, and Airdrie represent the next wave of opportunity for multi-family investors.
With strong economic fundamentals, growing populations, and financing tools like CMHC MLI Select, these towns are no longer just bedroom communities; they’re the future of smart real estate investment in Alberta.
