Real Estate in Calgary, Canada
Last updated on Mar 08, 2024
Summary: The average cost of a nice 2 bedroom home in Calgary, Canada is around $400,000 CAD. A nice 3 bedroom home in Calgary is around $500,000 CAD. These properties typically include modern amenities such as stainless steel appliances, granite countertops, hardwood floors, and updated bathrooms. Some may also include a backyard, a garage, and a finished basement. There are no restrictions on foreign ownership for properties in Calgary. An expat should search for a home to buy in Calgary by researching the different neighborhoods and areas of the city. They should also consider their budget and lifestyle when looking for a home. The most desirable neighborhoods in Calgary include Bridgeland, Hillhurst, Mount Royal, and Altadore. These areas are known for their close proximity to downtown, great schools, and vibrant communities.
How do I find a place to live in Calgary?
We asked expats how they chose their neighborhood and found a place to live. They answered:
"One of the best ways to find a place to live in Calgary is to use online resources such as rental websites, classifieds, and real estate agents. You can also search for rental properties in the local newspaper or by asking friends and family for recommendations. Additionally, you can attend open houses or visit local real estate offices to get a better idea of what is available in the area. Once you have narrowed down your search, you can contact the landlord or property manager to arrange a viewing and discuss the details of the rental agreement," said one expat in Calgary.
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What is a typical expat home or apartment like in Calgary?
"Expat homes and apartments in Calgary are typically modern and spacious, with plenty of natural light. Many of the apartments and homes have balconies or patios, and some have access to a shared outdoor space. The kitchens are often well-equipped with stainless steel appliances, and the bathrooms are usually modern and luxurious. Expats in Calgary can also expect to find plenty of storage space, as well as access to amenities such as gyms, pools, and other recreational facilities," remarked one foreigner who made the move to Calgary.
"Live in a Condo so I don't have to worry about yardwork. Some expats live in houses and apartments, there is a wide variety to choose from," explained one person living in Calgary, Canada.
What is the average cost of housing in Calgary?
If you are thinking about moving to Calgary, cost of living in probably a key consideration. Expats commented about the cost of housing:
"Housing costs are definitely lower. Paid 140 for a 1200 foot condo, its only four years old so it's all like new," said one person in Calgary.
"The average cost of housing in Calgary is generally considered to be quite high. The median price for a single-family home in Calgary is around $450,000, while the median price for a condo is around $300,000. Renting is also quite expensive, with the average rent for a one-bedroom apartment being around $1,400 per month," remarked one foreigner who made the move to Calgary.
Should I buy or rent a home in Calgary?
If you have not spent a lot of time in Calgary, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision:
"Whether to buy or rent a home in Calgary depends on a variety of factors. Buying a home can be a great investment, as it can provide a steady source of income through rental income or appreciation of the property. However, it also requires a large upfront investment and ongoing maintenance costs. Renting a home can be a more affordable option, as it requires less of an upfront investment and no maintenance costs. It also provides more flexibility, as you can move to a different home more easily. Ultimately, the decision to buy or rent a home in Calgary, Canada should be based on your individual financial situation and lifestyle needs," explained one expat living in Calgary, Canada.
What do I need to know when buying property in Calgary?
When we asked expats what advice they would give a foreigner before buying a property in Calgary, they said:
"When buying property in Calgary, it is important to research the local market and understand the current trends. It is also important to consider the location of the property, as well as the amenities and services available in the area. It is also important to consider the cost of living in the area, as well as the taxes and fees associated with purchasing a property. It is also important to consider the condition of the property, as well as any potential renovations or repairs that may be necessary. Finally, it is important to work with a qualified real estate agent who can provide advice and guidance throughout the process," wrote one expat who made the move to Calgary.
Are foreigners allowed to own property in Calgary?
When we asked expats what advice they would give a foreigner before buying a property in Calgary, they said...
"Yes, foreigners are allowed to own property in Calgary. Non-residents of Canada are able to purchase real estate in Calgary, however, they must obtain approval from the Canadian government before doing so. Additionally, non-residents are subject to certain taxes and fees, such as the Non-Resident Speculation Tax, which is a 15% tax on the purchase price of the property. Furthermore, non-residents must also obtain a mortgage from a Canadian financial institution and must provide proof of funds to cover the purchase price of the property," wrote one expat who made the move to Calgary.
What appliances are typically included in a rental?
We asked foreigners in Calgary what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included:
"Rental properties in Calgary typically include a refrigerator, stove, oven, dishwasher, washer, and dryer. Other appliances such as microwaves, toasters, and coffee makers may also be included," explained one expat in Calgary.
Additional Information about Searching for a Home in Calgary:
We asked foreigners in Calgary what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included...
"Expats can search for homes in Calgary by looking online for real estate listings, contacting a local real estate agent, or searching for rental listings on websites such as Craigslist or Kijiji. Additionally, expats can look for housing options through online expat forums or by asking other expats in the area for advice," said one in Calgary.
About the Author
Betsy Burlingame is the Founder and President of Expat Exchange and is one of the Founders of Digital Nomad Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange, Betsy worked at AT&T in International and Mass Market Marketing. She graduated from Ohio Wesleyan University with a BA in International Business and German.
Some of Betsy's articles include 12 Best Places to Live in Portugal, 7 Best Places to Live in Panama and 12 Things to Know Before Moving to the Dominican Republic. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.
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