Is Calgary a Good Place to Buy a House in 2025?

by Jay Patel

If you’re thinking about buying a home in 2025, Calgary is probably on your radar—and for good reason. The city has been drawing attention from buyers across Canada and beyond, thanks to its unique blend of affordability, economic opportunity, and lifestyle perks. But is Calgary truly a smart place to buy this year? Let’s break down the key factors to help you decide.

Affordability: Calgary’s Competitive Edge

Compared to other major Canadian cities like Vancouver and Toronto, Calgary’s housing market remains refreshingly affordable. In 2025, the average home price in Calgary is still within reach for many first-time buyers and families. This affordability, paired with a wide range of property types—from downtown condos to spacious suburban homes—means you can find something that fits your budget and lifestyle.

Job Growth: A City on the Rise

Calgary’s economy has been steadily diversifying. While oil and gas remain important, tech, healthcare, and renewable energy sectors are booming. The city’s unemployment rate has dropped, and new job opportunities are drawing professionals from across the country. This job growth is not only good for the local economy but also helps support a healthy real estate market.

Market Forecast: What’s Ahead for 2025?

Experts predict Calgary’s real estate market will remain stable in 2025. While prices are expected to rise modestly, the market isn’t showing signs of overheating. Low inventory and strong demand mean homes may sell quickly, but buyers aren’t facing the extreme bidding wars seen in other cities. For investors, this stability is a welcome sign.

Pros of Buying in Calgary

  • Affordability: Lower average prices than most major cities.
  • Strong Job Market: Diverse industries and growing employment opportunities.
  • Lifestyle: Access to the Rockies, vibrant arts scene, and family-friendly neighborhoods.
  • Quality of Life: Clean, safe, and known for its welcoming communities.

Cons to Consider

  • Weather: Calgary winters can be long and cold—something to keep in mind if you’re not a fan of snow!
  • Market Fluctuations: While the market is stable now, Calgary’s economy has historically been tied to oil prices, which can lead to ups and downs.
  • Property Taxes: Depending on the area, property taxes may be higher than expected.

The Bottom Line

Calgary offers a compelling case for buyers in 2025: affordability, job growth, and a balanced market. While no city is perfect, Calgary’s unique mix of opportunity and lifestyle make it a strong contender for your next home purchase. If you’re ready to make a move, now could be the perfect time to plant your roots in this dynamic city. 🏡

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Jay Patel

REALTOR®

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