What Affects Prices and Costs of Calgary Homes?

What Affects Prices and Costs of Calgary Homes? Understanding what drives Calgary real estate prices is essential for anyone looking to make smart financial decisions. Whether you’re buying a house in Calgary or navigating the Calgary residential real estate market, knowing the key factors can help you save money and avoid costly mistakes.

In this video, I explore how interest rates in Canada directly influence affordability, making mortgages either more accessible or more expensive. I also discuss the impact of the ongoing housing shortage in Calgary, with demand outpacing supply and driving prices higher. Local economic trends, including Calgary’s booming inter-provincial migration, are reshaping the market, while factors like Canada property taxes, maintenance costs, and government policies add to the total cost of homeownership.

For those planning to move to Calgary, Alberta, or invest in the Calgary real estate market, this video will provide valuable insights into the average house price in Calgary and the hidden costs often overlooked. Stay informed and make confident decisions, whether you’re a first-time home buyer, a current homeowner, or considering selling a home in Calgary.

If you’re thinking about buying a home in Calgary, don’t miss this breakdown of what truly affects Calgary home prices and how to navigate the market effectively.


Chapters:
00:00 - Introduction: What Drives Real Estate Prices?
00:18 - Impact of Interest Rates on Home Prices
00:38 - Understanding Supply and Demand in Calgary
01:23 - Government Policies Shaping the Market
01:45 - Local Economic Factors: Calgary's Energy Sector and Migration
02:20 - Hidden Costs of Home Ownership
02:42 - Key Takeaways for Calgary Real Estate Buyers

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Felix Chan & Jasben Lai are Calgary Realtors with the LiveInnerCity Real Estate Team in Alberta, Canada. Felix is also a Calgary Mortgage Broker and Real Estate Investor.

As your Calgary Real Estate Agents of choice, we are your one-stop-shop for all your Calgary Real Estate needs. We provide our best tips and tricks for home buyers, sellers, and investors looking in the Calgary Real Estate Market. We also dive into Calgary Communities and Home & Condo Tours.

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