Calgary Mortgage Rates
The Best Mortgage Rates in Alberta
5 YearFixed Closed View All
|2.44% View Details »||2.54% View Details »||2.59% View Details »|
5 YearVariable Closed View All
|2.00% View Details »||1.90% View Details »||2.10% View Details »|
3 YearFixed Closed View All
|2.34% View Details »||2.29% View Details »||2.29% View Details »|
1 YearFixed Closed View All
|2.34% View Details »||2.44% View Details »||2.84% View Details »|
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Ranked #5 Best City To Live In The World
Calgary is ranked as one of the best cities to live in the world (tied at #5 with Adelaide, Australia). Known for being clean, cold and economically prosperous, Calgary has a lot to offer homebuyers.
- Calgary is a one hour drive to the Rocky Mountains
- Consistently ranked as one of the world's cleanest cities (it was #1 in 2014)
- Calgary is one of Canada's wealthiest cities and has the second largest oil reserve in the world
- Calgary's unemployment is typically lower than the Canadian average
- Home to the world famous Calgary Stampede
5 Things You Need To Know About Buying In Calgary
- The average home price in Calgary is roughly $460,000 (a 5.2% increase from 2013)
- Calgary's housing market far exceeded expectations in 2014 – both sales and prices continued to climb month over month
- Currently, condominiums represent more than 68 per cent of the total inventory within city limits
- The benchmark price of a Calgary condo is $298,000
- As Calgary remains one of the wealthiest cities in Canada, its luxury home segment continues to boom
Frequently Asked Question: How did the 2013 flood affect the housing market in Calgary?
If the devastation of the Alberta floods has taught us anything, it's that severe weather can strike at a moment's notice and change your life forever. Alberta was prepared for a severe rainstorm, but the intense flooding was unexpected and had a lasting impact on the surrounding housing markets. Most notably, some once-trendy riverside neighbourhoods are no longer desirable. It is expected that these areas will take a long time to heal, and that in the meantime, buyers will be hesitant to purchase homes in the affected neighbourhoods. A significant decrease in these homes' value can also be attributed to the flood; which is bad news for owners, although some have been trying to capitalize on the depressed market prices.
Calgary Housing Statistics
Being such a clean, prosperous city, Calgary is an excellent destination for homeowners. Calgary offers healthy job prospects, an affordable (but rising!) housing market and access to both urban and rural landscapes. While it's possible that home prices will continue to rise year over year, Calgary remains a great option for urbanites looking to spend a little less than their Vancouver counterparts.
|Property Prices: Moderate||Quality of Life Index: High|
|Cost of Living: Moderate||Traffic Index: High|
Buying Property in Calgary – Important Links
Knowledge is power when it comes to making the most of your money, and this old adage is especially true when talking about mortgages. RateSupermarket.ca recommends the following resources to get you started on your mortgage journey in Calgary:
Get Calgary regional housing statistics from the Canada Mortgage and Housing Corporation.
The Economist lists Calgary as the #5 best place to live in the world. Learn more about this data-driven ranking.
Ever wonder what everyday items will cost you in Calgary? You can compare the cost of living around the world here.
Get all the information you need about Calgary public transit on the Calgary Transit website.
For many families, nearby schools are a big factor in home buying decisions. Learn more about the Calgary Board of Education and school locations here.
Are you new to Canada? Calgary has a number of resources available to immigrants, aimed at providing a solid foundation for new Canadians.