Calgary Real Estate Tips for Buyers & Investors (2025)

Get practical advice for buying or investing in Calgary homes, including:

  • ✓ Current prices in Aspen Woods, Brentwood & NW Calgary
  • ✓ How the CMHC MLI Select program works
  • ✓ First-time buyer mistakes to avoid

Updated: January 25, 2025 | Data sources: CREBÂŽ, CMHC

Unlocking the Door to Home Ownership: Announcement of 30-year Amortization Periods on New Construction Homes

SASKATOON, SK (APR 11, 2024) – Today the federal government announced 30-year amortization periods for insured mortgages that will be available for first-time buyers on new construction homes. As most of you know, this was a top ask at CHBA’s Day on the Hill this past fall, in which SRHBA Board Chai
Get Inspired at the 2024 HomeStyles Home Show

SASKATOON, SK (MAR 14, 2024) – The highly anticipated HomeStyles Home Show is back again this year, promising homeowners and home enthusiasts an immersive experience into the world of home improvement, décor, and innovation. This annual event, presented by the Saskatoon & Region Home Builders’ Assoc
Apartment rents are so high in Calgary, they're approaching Toronto numbers: CMHC

Renting a home in Calgary will likely become less available and more expensive over the next two years, Canada’s housing agency predicts. The projections come amid precipitous rent increases over the past two years that could see Calgary’s average rates approach Toronto’s current average rent b
2024 CHBA National Awards for Housing Excellence Finalists

SASKATOON, SK (MAR 14, 2024) – Out of 900 total entries over 48 categories, the Saskatoon & Region Home Builders’ Association is thrilled to see that eight of our members have been selected as finalists in several categories for the 2024 CHBA National Awards for Housing Excellence. This prestigious
Canmore recreational property prices increasing with little end in sight: real estate broker

While Canmore’s recreational real estate market has come down from its pandemic-induced buying frenzy, prices are expected to increase steadily over the coming years, a local real estate broker says. Single-family home prices in Canmore nudged upwards in 2023 to $1.56 million — a four per cent
'Made no sense': First-Time Home Buyer Incentive scrapped — and experts say good riddance

The discontinuation of a federal loan that helped cover the down payment on the purchase of a first home in exchange for equity in the property will have little effect on Calgarians, say mortgage brokers. The Canada Mortgage and Housing Corp. announced Friday the cancellation of the
Saskatoon & Region Home Builders’ Association Applaud City of Saskatoon’s $41.3 Million Housing Accelerator Fund Approval

SASKATOON, SK (FEB 28, 2024) — The Saskatoon & Region Home Builders’ Association (SRHBA) congratulates the City of Saskatoon on their successful approval of the Housing Accelerator Fund (HAF), which is part of a $4 billion-dollar federal initiative administered through CMHC to incentivize more marke
As Calgary's housing prices climb, what does $1 million buy you in 2024?

Million-dollar homes in Calgary aren’t the symbols of luxury they used to be, a new report says — though homebuyers with that budget are still getting more bang for their buck than in other Canadian cities. It’s a show of Calgary’s decreasing but still-relative affordability compared to cities
HomeSpace Society selected for transitional housing projects near CTrain stations

The City of Calgary has selected HomeSpace Society to develop transitional housing on two city-owned properties. The Calgary-based non-profit housing developer and operator was selected after
Saskatoon & Region Home Builders’ Association Announce Top Achievements at the Housing Excellence Awards Gala

SASKATOON, SK (FEB 11, 2024) – The Saskatoon & Region Home Builders’ Association proudly announced the winners of the 32nd Annual Housing Excellence Awards at a sold-out gala event on Saturday, February 10, 2024, at Prairieland Park in Saskatoon. Celebrating the pinnacle of achievement in the housin
Average rent for two-bedroom apartment hits nearly $1,700 as Calgary's vacancy rate plummets

Calgary rents soared last year at the fastest pace in nearly two decades, while the vacancy rate hit lows not seen since 2014, according to Canada Mortgage and Housing Corp.’s (CMHC) annual rental market report. Those conditions were driven by the
Calgary home prices to rise 6.5% in a seller’s market: CREB 2024 forecast

Sellers in Calgary will likely remain in the driver’s seat for 2024 despite loosening conditions in the city’s housing market, the local real estate board says. Calgary’s real estate market is struggling to keep up with demand despite hitting new highs for housing starts, according to Calgary R
Calgary rent rose 'astronomically' over the past two years, and there's no end in sight

While Canada’s rental market cooled last year, it was a different story in Calgary where rent costs continued to climb amid record migration and a worsening housing crunch. Calgary posted some of the largest year-over-year rent increases in the national rent rankings, according to
Canmore residents seek environmental assessment for contentious Three Sisters development

Canmore residents are continuing to push back on a proposed development that could double the town’s population by requesting Alberta conduct a new environmental assessment on the plan. Lawyers representing Bow Valley Engage (BVE), a local residents’ group, sent a 15-page letter to Alberta Envi
Calgary condo owners will see biggest property tax increases in 2024

Calgary condo owners will likely see the most significant hike on their property tax bill in 2024, after their property values rose more than other housing types last year. The city mailed out more than 580,000 property assessment notices on Wednesday, and the documents are expected to land i
Calgary's rising housing prices, low inventory likely to persist in 2024: CREB

Low inventory and rising prices became common refrains in Calgary’s housing market last year — a trend the city’s real estate board says will likely continue in 2024. The city’s benchmark price landed at $570,100 in December, say new data from the Calgary Real Estate Board (CREB), to end a ye
Saskatoon City Council Approves Bylaw Amendment to Remove Minimum Parking Requirements

SASKATOON, SK (DEC 21, 2023) – Yesterday at City Hall, City Council directed Administration to undertake the work to remove minimum parking requirements in Saskatoon. Known as Open Option parking, a developer, business or homeowner will be able to decide how much parking should be provided on a give
32nd Annual Housing Excellence Awards Finalists

SASKATOON, SK (DEC 15, 2023) – It’s the moment you have all been waiting for – the announcement of the finalists for the 32nd Annual Housing Excellence Awards! This recognition is a testament to each company’s commitment to innovation, quality, and excellence in the housing industry. In a world wher
Calgary house prices projected to climb 8% next year; median cost of detached home could top $800,000

Housing prices in Calgary are projected to climb the fastest among all major Canadian cities in 2024, with a hotter market projected if interest rates drop by mid-year, a new report says. Overall, the aggregate price of a home in Calgary is forecast to jump eight per cent year-over-year by the
City will lease two pieces of land for temporary, modular housing for vulnerable families

The city is leasing two parcels of municipal land to non-profit agencies to develop temporary, transitional housing for up to 240 of the city’s most vulnerable families. At a housing conference Thursday, Mayor Jyoti Gondek announced the sites near the Whitehorn LRT station in the northeast and
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