Frequently Asked Questions

What is the current state of the real estate market?

Calgary’s real estate market continues to show steady activity, with demand strong in central and character-filled neighbourhoods like Ramsay and Inglewood. While interest rates influence buyer affordability, well-priced homes are still moving quickly. Buyers and sellers both benefit from working with a local expert who tracks current trends and neighborhood data in real time.

Is now a good time to buy a home?

For many buyers, now is an excellent time to buy in Calgary. Inventory levels are stabilizing, and interest rates — while higher than historic lows — are encouraging motivated sellers to negotiate. Whether it’s the right time depends on your financial readiness and goals, but Calgary’s market continues to offer long-term value, especially in core neighbourhoods.

How much down payment do I need to buy a house?

In Canada, the minimum down payment depends on the home’s price: 5% for homes up to $500,000, 10% for the portion between $500,000 and $999,999, and 20% for homes over $1 million. In Calgary’s market, that means many first-time buyers can qualify with 5%–10% down, while luxury buyers should plan for 20%. A realtor can also connect you with mortgage specialists to explore options.

What are closing costs and who pays them?

Closing costs are the fees due at the end of a real estate transaction, usually totaling 2–4% of the purchase price. In Calgary, buyers typically pay for items like legal fees, land transfer taxes, and home inspections, while sellers cover realtor commissions. Knowing these costs up front helps avoid surprises on possession day.

How is the value of a home determined?

A home’s value is determined by a Comparative Market Analysis (CMA), which evaluates recent sales of similar properties in the same neighbourhood. In Calgary, location, condition, upgrades, and lot size all play a role. Realtors use CMA data, plus insight into market trends, to set accurate pricing for both buyers and sellers.

When is the best time of year to sell or buy in Calgary?

Real estate in Calgary is seasonal. Spring and early summer often see the most listings and activity, making it a popular time for buyers and sellers alike. However, motivated buyers shop year-round, and fall or winter can offer less competition. The “best” time depends on your goals — not just the calendar.

What are the best neighbourhoods to buy in Calgary?

Some of Calgary’s most desirable neighbourhoods include Ramsay, Inglewood, and Elbow Park, known for their character homes, walkability, and proximity to downtown. For luxury buyers, areas like Mount Royal and Altadore offer spacious homes and strong long-term value. Each neighbourhood has unique advantages, so it’s important to match location with lifestyle and goals.

What are the advantages of working with a local realtor vs a large chain in Calgary?

A local Calgary realtor offers personalized insight into neighbourhood trends, schools, and community culture that larger chains can’t match. They bring tailored strategies, faster responses, and deeper connections to off-market listings. For buyers and sellers who want expertise grounded in Calgary’s market, local representation makes the difference.