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.
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
TL;DR – The Calgary real estate market is shifting! More homes, fewer bidding wars, but prices are holding steady. Sales are down 12%, inventory is up 68.6%, and homes are taking longer to sell. Buyers finally have options, but sellers need to be strategic with pricing. If this trend continues, Spring 2025 could be the most balanced market we’ve seen in years.
https://youtu.be/yauq3a_-6Eg
Prices Are Still Rising—But Slower
The benchmark price for Calgary is $583,000, up 2.8% year-over-year. Prices aren’t skyrocketing like before, but they’re also not dropping.
Think of it like grocery store inflation—you won’t find 2020 prices, but at least we’re not seeing another 10% spike like last year.
Sales Are Down 12% – Buyers Have Time
January saw 1,451 home sales, down 12% from last year. This doesn’t mean a crash—buyers are just less frantic.
It’s like a dating app—last year, everyone swiped right instantly. This year, they’re actually reading the bios. Sellers, you need to price right and make your home stand out.
Months of Supply Up 91.6% – Less Competition
Calgary now has 2.51 months of supply—nearly double last year. This means: ✅ Fewer bidding wars ✅ More choice for buyers ✅ Sellers need patience
Last year, buying a home was like waiting for a table at a packed restaurant. This year? There are open tables—buyers finally have choices.
New Listings Up 35.5% – More Homes on the Market
One of the biggest changes? More sellers are listing.
If 2024 was Black Friday at Best Buy, 2025 is Costco on a weekday—the shelves are stocked, and buyers actually have options.
Inventory Up 68.6% – Choices for Buyers
With more than double the homes available compared to last January, things are shifting. Buyers don’t have to rush, and sellers can’t expect instant offers.
Think of it like a movie theater—last year, every seat was taken. This year, you can pick where you sit.
Days on Market: 41 Days (Up 21.6%)
Homes are taking longer to sell, averaging 41 days on the market.
Sellers, breathe. I know 41 days feels like forever after last year’s frenzy, but this is normal. The market isn’t crashing—it’s just more balanced.
Final Thoughts: Market Shift, Not a Crash
📉 More inventory, fewer bidding wars, but prices are holding steady. 🏡 Sellers need to be strategic—price it right, stage it well. 🛒 Buyers finally have options—no more rushed, no-conditions offers.
CREB predicted more inventory, stable prices, and a slowdown in sales—and January’s numbers prove they were right.
If this trend continues, Spring 2025 could be the most balanced market we’ve seen in years.
💬 What do you think? Is Calgary’s market cooling or just resetting? Drop a comment below!
🔔 Stay tuned for next month’s market update!
Stay Connected! 🚀
📲 Follow me on Instagram for more real estate insights → @jay_schultz
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TL;DR: First-time homebuyers in Calgary should be aware of the city’s unique market dynamics, financing options, and homebuying process. It’s essential to understand the local neighborhoods, how to secure a mortgage, and key tips for making your first home purchase a success.
What Should First-Time Homebuyers Know Before Buying a Home in Calgary?
Buying your first home in Calgary can be an exciting and rewarding experience, but it can also feel overwhelming. From finding the right neighborhood to securing financing, there are several important steps to take. In this blog post, we’ll walk you through the process and provide tips to make your journey easier. As a first-time homebuyer knowledge is key!
Understanding Calgary’s Real Estate Market
Calgary’s real estate market has its own set of dynamics, particularly with varying price ranges and neighborhood options. It’s important to understand the market trends to ensure you make a well-informed decision. In recent years, Calgary has experienced a shift toward more affordable housing options, with many first-time buyers looking in up-and-coming neighborhoods like Bowness, Hawkwood, and Varsity.
What are the Key Steps in Buying Your First Home in Calgary?
Start by Getting Pre-Approved for a Mortgage Before you begin house-hunting, it’s essential to get pre-approved for a mortgage. This step will help you understand how much you can borrow and set a realistic budget. Calgary lenders offer a variety of mortgage options, and first-time buyers may also qualify for special programs like the First-Time Home Buyer Incentive.
Find the Right Neighborhood Calgary has a wide range of neighborhoods, each with its own character. As a first-time homebuyer, it’s important to focus on areas that fit your lifestyle and budget. Consider proximity to work, public transportation, schools (if you have children), and amenities such as grocery stores and parks. Some popular neighborhoods for first-time buyers include Signal Hill and Crescent Heights, which offer a mix of housing options and great access to downtown.
Research Property Types The next step is determining what type of property you’d like to purchase. In Calgary, you can find everything from condos and townhomes to single-family homes. Each property type has its own pros and cons:
Condos are low-maintenance and often more affordable but may have condo fees.
Townhomes offer more space and privacy compared to condos but may require more maintenance.
Single-family homes are a great long-term investment but can come with higher upfront costs.
Factor in Additional Costs When budgeting for your first home, be sure to account for all additional costs, such as property taxes, home insurance, and potential maintenance costs. Also, don’t forget the closing costs, which can include things like lawyer fees, title insurance, and home inspection costs.
Frequently Asked Question: How Can First-Time Homebuyers Save for a Down Payment in Calgary?
One of the biggest hurdles for first-time homebuyers is saving for a down payment. Calgary’s real estate market can be competitive, and having a sufficient down payment can make a significant difference in the buying process. Here are a few strategies for saving:
Start Early: Begin saving as early as possible, even if it’s just small amounts at first. The more time you have to save, the easier it will be to reach your goal.
Set a Budget: Track your spending to identify areas where you can cut back. Consider allocating a percentage of your income directly to your down payment fund.
Explore Government Programs: Take advantage of programs like the First-Time Home Buyer Tax Credit and the Home Buyers’ Plan, which allows you to withdraw up to $35,000 from your RRSP for your down payment.
Calgary Neighborhoods to Consider for Your First Home
As a first-time homebuyer in Calgary, choosing the right neighborhood is crucial. Each area offers something unique. Here are some neighborhoods to explore:
Beltline: For those looking for a modern, urban lifestyle with easy access to restaurants, shops, and public transit, Beltline is an excellent choice. Condos and smaller homes are popular here.
Tuscany: A family-friendly community with a suburban feel, Tuscany offers excellent schools, parks, and a strong sense of community. This area is great for those looking for space and tranquility while still being close to amenities.
Altadore: A trendy, vibrant area near the downtown core, Altadore offers modern homes and is popular with young professionals and families. Its proximity to parks, shops, and restaurants makes it ideal for those seeking convenience and community.
Final Thoughts for First-Time Homebuyers in Calgary
Buying your first home in Calgary is an exciting milestone, but it’s important to do your research, understand your budget, and seek professional guidance. Whether you’re looking for a condo downtown or a family home in the suburbs, Calgary has plenty of options to fit your needs.
Highland Park NW is a quiet yet vibrant community in Calgary that combines suburban charm with excellent access to the city’s amenities. From its rich history to its top-rated schools, proximity to shopping, and short commute to downtown Calgary, Highland Park offers a perfect blend of comfort and convenience for families, professionals, and retirees alike.
Nestled in Calgary’s Inner City, Highland Park NW is a well-established and sought-after community, located just minutes from downtown Calgary. This area has evolved from a quaint residential neighborhood into a thriving community with a rich history, modern amenities, and a peaceful atmosphere.
The community was established in the 1950s and has seen gradual development over the years, maintaining its welcoming and family-friendly environment. Highland Park is known for its proximity to major roads, including Centre Street, providing quick access to the core of Calgary while retaining a suburban feel.
The Charm of Highland Park
Highland Park offers a variety of housing options, from mid-century homes with character to modern infill properties that reflect the community’s growth. The neighborhood’s large lots, mature trees, and well-maintained gardens enhance its visual appeal, making it one of Calgary’s most picturesque communities.
Despite being located close to downtown, Highland Park remains relatively quiet, which makes it ideal for those who enjoy a peaceful living environment with easy access to city conveniences. The neighborhood is filled with green spaces, parks, and walking paths, providing ample opportunities for outdoor activities.
Schools in the Area
Highland Park is home to several reputable schools, making it an ideal community for families. These schools are part of Calgary’s renowned public education system, offering quality education to children of all ages.
Elementary Schools:
Buchanan School | Calgary Board of Education: Located nearby in the Crescent Heights neighborhood, Buchanan School provides an excellent academic program for students in kindergarten through grade six.
High Schools:
James Fowler High School: Situated close to Highland Park, James Fowler is a large, well-regarded high school that serves students from Highland Park and surrounding communities. The school offers a wide range of programs, including Advanced Placement (AP), and has a reputation for academic excellence.
John Diefenbaker High School: Located in the neighboring area, John Diefenbaker High School is a highly rated school known for its diverse academic programs, including specialized offerings in the arts and sciences. It is a popular choice for high school students from Highland Park.
Shopping and Amenities
Living in Highland Park offers convenient access to a variety of shops, restaurants, and amenities. One of the key attractions for residents is its proximity to the following:
North Hill Centre: Located just a short drive away, this shopping center offers a wide variety of stores, including groceries, fashion, electronics, and more. It also features a selection of cafes and eateries for casual dining.
Bridgeland: A trendy neighborhood just to the south of Highland Park, Bridgeland offers a selection of boutique shops, restaurants, and cafes, making it an excellent place for leisurely strolls and dining out.
McKnight Village: For more shopping options, residents can head to McKnight Village, which features larger retail stores and a range of services.
Highland Park is also close to major commercial areas along 16th Avenue NW, providing residents with a diverse array of businesses, shops, and services.
Commuting and Transportation
Highland Park is perfectly positioned for those who work downtown or need quick access to other parts of Calgary. The community is centrally located, with a short commute to the downtown core—typically just a 10-minute drive. Public transit is easily accessible with bus routes running throughout the area, offering efficient connections to the downtown transit hub.
For commuters who prefer to bike, there are several cycling lanes and paths that connect Highland Park to the downtown area. The neighborhood’s central location ensures that getting around Calgary is convenient, whether by car, public transport, or bike.
Parks and Green Spaces
Highland Park is home to several beautiful green spaces that add to the area’s charm. Notable parks in the area include:
Confederation Park: Just to the south of Highland Park, Confederation Park is one of Calgary’s most popular parks. It features a variety of walking paths, picnic areas, and green spaces, perfect for outdoor recreation. The park also includes a beautiful pond, making it an ideal spot for relaxation and nature walks.
Edgemont Ravine: Located to the west of Highland Park, Edgemont Ravine offers residents a peaceful retreat with walking trails, wildlife watching, and scenic views. It’s a great spot for nature lovers to explore the outdoors.
Community Events and Social Life
One of the standout features of Highland Park is its strong sense of community. Residents enjoy a quiet suburban lifestyle, but also appreciate the neighborhood’s sense of connection and community spirit. Highland Park hosts various community events throughout the year, including neighborhood block parties, holiday celebrations, and farmer’s markets.
There are also active community organizations and social clubs, ensuring that there’s always something happening in the area. Whether you’re interested in volunteering, joining a local sports team, or simply participating in neighborhood events, Highland Park is an inclusive and welcoming place to call home.
The Highland Park Community Association (HPCA) is a vital hub for the residents of Highland Park, located in Calgary’s northwest. Established to foster a sense of community and improve local life, the HPCA organizes a range of events, activities, and programs for all ages. From social events to volunteer opportunities, the association is deeply involved in maintaining and enhancing the neighborhood’s family-friendly atmosphere. Highland Park’s proximity to downtown, local parks, and excellent schools like Buchanan Elementary and James Fowler High School makes it an attractive community for residents. The HPCA provides a space for residents to engage with one another, contribute to community projects, and enjoy recreational opportunities right at their doorstep.
Highland Park NW Real Estate
The real estate market in Highland Park is diverse, with homes ranging from charming mid-century houses to modern infill developments. Because the area is close to downtown, homes in Highland Park tend to hold their value, and the neighborhood has seen consistent growth over the years. Whether you’re looking for a detached home with a large yard, a townhouse, or an investment property, Highland Park offers plenty of options for every buyer.
Market Analysis: Real Estate Trends in Highland Park NW
Over the past year to December 2024, Highland Park NW real estate has witnessed steady demand for both single-family homes and more modern, infill properties. The market in this area continues to attract homebuyers, thanks to its combination of suburban charm and proximity to downtown Calgary.
From the data, homes in this neighborhood vary in style and size, but certain trends can be observed. For instance, single-family homes such as bungalows and two-story properties dominate the listings, with prices ranging from around $400,000 for smaller homes to upwards of $1.8 million for larger, more luxurious estates. For example, a notable sale at 107 40 Avenue NE reached $1.8 million, reflecting the area’s appeal for larger, high-end properties.
Homes in the $700,000 to $900,000 range are quite common, with sizes ranging from 1,800 to 2,400 square feet. These homes are typically well-maintained, offering spacious lots and often featuring updates like modern kitchens and additional living spaces. The recent sales demonstrate a healthy market with homes selling at an average of around $850,000, indicative of Highland Park’s balanced combination of desirable living conditions and accessibility to Calgary’s vibrant downtown core.
On the lower end, more affordable homes are still available in the $400,000 to $600,000 range, which offer solid value for first-time homebuyers looking for properties that can be customized or renovated to their taste. For example, you may find properties that are unrenovated and ready for upgrades.
As the year progresses into 2025, Highland Park is expected to maintain its appeal with steady home values, making it an excellent investment area for both long-term homeowners and potential buyers looking to capitalize on the neighborhood’s growing popularity.
Why Choose Highland Park NW?
Highland Park’s unique combination of suburban charm and proximity to the city makes it a desirable location for families, young professionals, and retirees alike. With its rich history, excellent schools, convenient amenities, and peaceful environment, it offers a balanced lifestyle that many residents seek. Whether you’re looking to purchase your first home or your forever home, Highland Park offers the ideal setting for your next move.
For more information or to schedule a viewing of available homes in Highland Park, don’t hesitate to contact me. Let’s find your dream home in this fantastic Calgary neighborhood!
