Mindblown: a blog about philosophy.
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Renter shares booming in Calgary faster than any other Prairie city
The cost to buy a house in Calgary has surged, leading many locals to turn to the rental market. Average home prices in Calgary range from $587,300 to $676,400, making ownership unattainable for many. Calgary has seen significant growth in renter shares, with 31% opting to rent. Younger millennials and seniors over 65 dominate the…
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Owning in Calgary: More Affordable Than You Think
Alberta Spotlight: A recent credible report highlights the affordability of Alberta cities. Calgary Market: While Calgary didn't make the top 15, it offers a distinct housing market with an average home price of ~ $676K.
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Calgary has the lowest share of renter households in Canada’s largest cities
Calgary has the lowest share of renter households among Canada's largest cities, with about 31% of dwellings being rented. Despite this, Calgary saw the largest percentage increase in renters between 2016 and 2021. Montreal has the highest share of renters at over 63%, while Toronto follows with about 48% of households being renters. Continue to…
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49% of Calgary Homes Selling Above Asking Price
Between Jan-April 2024, 92 homes in 49% of Calgary neighbourhood sold above asking price. More affordable areas see higher competition with homes selling over asking price.
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Calgary’s Housing Strategy Faces Challenges
Calgary's implementing its housing strategy but it'll take time to see results. Some progress has been made but market conditions have worsened since the strategy was approved.
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Calgary Real Estate Rises 40% Amid Migration Trends
Home prices in Calgary ↑ from ~$414K in 2019 to ~$580K in 2024. This represents ↑ $166K or ↑ 40% in 5-yr.
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Home prices continue to climb in communities near Calgary
The benchmark home price in Strathmore rose nearly 12% in May, reaching $439,300. Cochrane also saw an increase of over 10%, with a benchmark price of $568,200. Airdrie had a 10% growth to $549,600, despite a 7% decline in sales. Chestermere's benchmark price reached $702,300, up almost 8%, with sales down 6% and new listings…
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Calgary First-Time Homebuyer Guide
Buying your first home in Calgary can be overwhelming but exciting. Calgary is a great place for first-time buyers with its strong economy and affordable housing market. Steps include determining your budget, getting pre-approved for a mortgage, finding a realtor, house hunting, making an offer, and closing the deal. Remember not to overspend and consider…
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Calgary Top in-Demand Neighborhoods
Calgary's housing market remains in high demand, with a mix of overbidding and underbidding in different neighborhoods. 49% of neighborhoods saw homes sell above asking price, 14% at asking price, and 37% below asking price.
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Calgary Rents Hit High, but Will Cool in 2026
Calgary one-bedroom rent ↑ 3.4% yearly to $1,810 in Early-Q2, ranking 12th city with high rents. Despite a slight MoM drop for 1 and 2-bedroom units in Calgary, the cost of a 2-bedroom unit ↑ 7.2% yearly.
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