TL;DR: Calgary’s cost of living in 2025 has increased, but it remains more affordable than cities like Toronto or Vancouver. Expect to budget for higher housing costs, rising rent, growing utility bills, and pricier entertainment. However, Calgary’s lack of provincial sales tax and access to lower-cost suburban communities keeps it competitive for families, professionals, and newcomers.
Is Calgary still affordable in 2025?
With housing prices up and rental rates climbing, many buyers and renters are asking this exact question. In this post, we break down the real costs of living in Calgary, from buying a home to getting a beer at Stampede.
Calgary Housing Costs in 2025
The biggest piece of the puzzle is housing. In February 2025, Calgary’s average benchmark prices hit:
- Detached Homes: $750,800
- Townhouses: $444,900
- Condos: $331,400
For buyers, this means Calgary is still far more affordable than major Canadian cities, but it’s not immune to price increases.
Rental Prices in Calgary
For those not ready to buy, rental costs are up too:
- 1-Bedroom Apartment: $1,728/month
- 2-Bedroom Apartment: $2,158/month
- Detached Rental Home (top floor): $2,112/month
Tip: Look for rentals with heat and water included—utilities can add $100+ monthly.
Calgary Property Taxes
Calgary’s 2025 property tax rate is 0.0064861. That means you’ll pay:
- $1,621/year on a $250K home
- $3,243/year on a $500K home
- $4,865/year on a $750K home
- $6,486/year on a $1M home
Compared to other provinces, Alberta’s no PST policy keeps overall taxes lower.
Entertainment: What Does Fun Cost in Calgary?
Whether you like concerts or corn dogs, fun comes at a price.
- Movie tickets: $14–18 (up to $22 for premium)
- Stampede admission: $23 per adult
- Beer at the grounds: $10–13
- Saddledome events: $60–300+ depending on seats
- Grey Eagle concerts: $40–80 for tribute bands, comedians, or retro acts
Free events and local festivals still offer budget-friendly options!
Utilities & Internet
For a family of four, expect monthly costs like:
- Electricity & Heat: $150–250
- Water & Sewer: $100–130
- Internet/Phone: $120–150
- Waste Collection: $25 (city fee)
Pro tip: Smart thermostats can save money during Calgary’s long winters.
Is Calgary Still Affordable in 2025?
That depends on your lifestyle. Calgary offers a strong mix of city amenities, accessible suburbs, and no PST—but buyers and renters need to budget smarter than ever.
If you’re considering a move or want to explore Calgary MLS listings, reach out and I’ll help you run the numbers.
Looking to buy or sell in Calgary?
Let’s connect. I can help you navigate this market with confidence.
Reach out if you are looking at buying, selling or want to chat real estate: www.jayschultz.ca/about
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