Calgary’s housing market
Date Posted: Wednesday, April 10, 2019
There are major cities in Canada where owning a home will cost you most of your paycheck – but that’s not the case in Calgary.
Real estate website Zoocasa analyzed numbers from 35 major cities across North America, focusing on median household income and the median price of a home. According to the study, you can be a homeowner and still have enough cash left over after your mortgage payment to enjoy more of the things you love in Calgary.
The average Calgary household has a household income of $97,000 per year. With the average Calgary home selling for around $400,000, Zoocasa estimates homeowners here are earning just over $40,000 more than they need to afford property.
These numbers make Calgary the most affordable city out of the 35 included in the study when it comes to buying a home based on income.
So how to spend some of this disposable income? Calgary offers many opportunities. With an average of 333 days of sunshine a year, there are unlimited outdoor activities (and patios!) where you can soak up the sun.
Calgary has an impressive dining scene, including globally-recognized restaurants like Shokunin, which was voted one of the top 50 restaurants in Canada for two years in a row and is run by Chef Darren MacLean, who was one of the contestants on the Netflix series, The Final Table.
If music and arts are your thing, there are more than 270 events and festivals throughout the year highlighting local talent and hosting artists of all kinds from around the globe.
Sports lovers will be busy cheering on teams across different leagues. NHL fans can cheer on Johnny Hockey and the Calgary Flames and you can catch up-and-coming talent at Calgary Hitmen games. Calgary is home to the eight-time Grey Cup winning Stampeders football team. Plus we’ve got the Calgary Roughnecks, playing Canada’s official national sport of lacrosse and the new soccer team – Cavalry FC – added to our roster.
If you’re still in need of a bit of an escape, you’re covered. We’re just a one-hour drive away from the picturesque Rockies.
Ready to start looking for your dream home in Calgary? See what’s on the market.
You can own a home and still have funds to enjoy the things you love in Calgary