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Calgary one-bedroom rent ↑ 3.4% yearly to $1,810 in Early-Q2, ranking 12th city with high rents. Despite a slight MoM drop for 1 and 2-bedroom units in Calgary, the cost of a 2-bedroom unit ↑ 7.2% yearly.

Alberta's housing market is set to continue its rapid growth in 2024, with home sales expected to ↑ 13.6% The Canadian Real Estate Association forecasts Alberta's avg home prices will ↑ 7% in 2024 to ~$480K.

Real Estate is a stable investment, offering rental income and potential long-term appreciation. Many are waiting for a housing market crash or lower interest rates, but there's no guarantee of these happening soon.

Property insurance offers protection or liability coverage for property owners. Provides financial reimbursement for damage, theft, or injury on the property.

Speak to friends, local business owners, and check for "sold" signs in desired neighborhoods.Look for agents who’ve successfully closed transactions in the area where you’re looking to buy.

Despite the surge in prices, townhomes remain attainable for many buyers in Calgary. The avg price of a townhome in Calgary ↑ 19% yearly to ~$475K, with sales ↑ 13%.

Know Your Budget: Understanding your financial situation and getting pre-approved for a mortgage is crucial before beginning the home buying process. Compare Rates: Shop around and compare mortgage rates from different lenders to find the best deal, considering both interest rates and terms and conditions.

Rents in Calgary are up 8.6% yearly, reaching $2,089 in Early Q2, 2024, and shared accommodations saw an even bigger increase of 10%.Despite the rise, Calgary rents remain lower than Alberta averages.