Cost of Living in Calgary in 2023 - Your ULTIMATE GUIDE on Albertaâs affordability!
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- Äas pĆidĂĄn 2. 07. 2024
- Get the ultimate guide to the breakdown of the costs of living in Calgary in 2023 as discussed by Jasben Lai in a free downloadable.
đ» DOWNLOAD YOUR FREE GUIDE HERE đ»
bit.ly/costoflivinglic
Looking to make a move to Calgary? Is living in Calgary expensive or affordable in 2023?
What can one expect in terms of costs of living in Calgary?
What is the best city to live or move to in Canada?
Moving to Calgary often involves looking into the cost of living and coming up with a budget.
Calgary is a beautiful city in the province of Alberta here in Canada. The city of Calgary generally enjoys a lower cost of living and low taxes, with one of the lowest provincial income tax rates in Canada at a rate of 10 per cent.
The city also enjoys having no provincial sales tax, provincial general capital tax or municipal sales tax.
If youâre a person whoâs thinking of making a move and settling in the city of we discuss if Calgaryâs the best city to move to in Canada.
Now the city of Calgary is often seen as the reasonable ground, especially when compared to Vancouver or Toronto, which are generally more expensive places to live, particularly with housing options.
Other topics discussed are housing prices and your mortgage options, renting prices and tips on how to get a good rental.
We also discuss insurance in Calgary specifically car, home and health insurance and the average prices for these types of services.
Also, transportation is discussed like transit costs, gasoline, and even car registration and insurance.
We also dive into the utilities and service prices as bills in Calgary as well as daycare costs for folks that need it.
These are just a few of the essential monthly expenses one can expect from living in Calgary.
Calgaryâs cost of living can be one of the most affordable, making it a desirable option for individuals and even families choosing to move to another province or in Canada.
Chapters here:
00:00 - Is Calgary the MOST Affordable City?
00:38 - Why Calgary is the Best
2:04 - Should you RENT in Calgary?
3:01 - How to get a BETTER RENT
3:21 - Should you BUY a House in Calgary?
4:01 - How MUCH do you need to afford houses in Calgary?
4:53 - Top tip for Homeownership
5:17 - Getting around Calgary
6:32 - How to PROTECT your Assets
7:35 - Spending on Utilities
8:17 - Services you will get
8:39 - How much will you spend on Childcare?
9:07 - Average Costs for Groceries & Food
9:27 - Life in Calgary!
This is our ULTIMATE guide to Calgaryâs Cost of Living for 2023!
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RESOURCES & LINKS MENTIONED IN THIS VIDEO
Costs of Living in Calgary - ULTIMATE GUIDE
bit.ly/costoflivinglic
Costs of Buying A Home in Alberta
âą 10 Costs of Buying a H...
Bank of Canada - Housing Affordability Report
www.nbc.ca/content/dam/bnc/en...
CMHC - Rental Market Report for 2021
www.cmhc-schl.gc.ca/en/profes...
For a FREE Calgary Community Map
bit.ly/33jhoX2
For Calgary Downtown Condo Tours
âą Calgary Inner City Con...
The Best Home Buying Tips & Info You NEED To Know
âą Real Estate Tips
Start your HOME Search today
* Go to property type and choose your property type (Single family Home, Townhouse, Condo)
* Click on price â enter the min and max price
* Click on More â Property Details â scroll down to see "Area" and choose what zone you're in
* (Optional) Click on more again and select more features for your dream home!
* bit.ly/YT-SearchYourHome-2023
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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.
If you want us to cover a specific real estate or mortgage topic or just have a question, please type it in the video comments below.
â€ïž Enjoying our videos? Please L I K E and S U B S C R I B E â€ïž
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This is my first ever video Iâve watched on this channel and I absolutely love it the transparency and how concise the info is ! +1 sub
Thank you my friend! Hope you enjoy the rest of our videos @Gurban!
Another great educational video guys! Very timely as so many are moving to our great city from around Canada!
Woohoo! Thanks for the support guys. đŻ For sure! That's why we came up with this video + the downloadable to help folks that are wanting to move to our city.
You did a good job here. Good overview of what one should expect to spend. Gives me an understanding of what to expect. Thanks
Kind of response we can ever ask for! Lol thank you and happy it was valuable for you!
I am moving to Canada, Calgary this year and this channel has been super helpful.
And I fell in love with Calgary and Alberta in general long time ago haven't seen it before đ
Can't wait to see the beautiful Rockies and the Flamesđ
Amazing, we are super happy to hear that. If you need help buying your home, our team will be happy to help! đ
This is really helpful! Loved the detailed breakdown presented in a clear and organized way.
Great to hear it was helpful! Let us know if there is anything else you would like us to cover! đ
Awesome video guys! Top notch. Man, I miss Calgary so much. The cost of living in Winnipeg is higher than Calgary. Our two vehicles plus home insurance is TRIPLE the cost of what we paid in Okotoks. And real estate prices - pretty much on par or more than Calgary.
@Yvette we miss you too! Thanks for the support. Any chance we can woo you back to the Calgary/Okotoks? :)
Thanks so much for the summary
Hey Viviana! No worries. Glad we could help!
im from ontario and currently thinking of moving to calgary as my job allows me to work remotely. i lost hope in ontario because the home affordability is a joke. we are seeing really old townhomes selling over 1M and people still think its a sweet deal. glad to see calgary still has affordable options (in the 200k range) and newer properties. definitely a consideration for young people if they can work remotely.
I came here for the same reason. Unfortunately I'm kinda locked into a gov job tho that is great but the cost of living in toronto is just unaffordable :(
Calgary is one of the last largest, affordable cities in Canada and we are now on the map for all Canadians as an option to live in. With inflation high as a kite, prices here will only continue upwards. If you're thinking about making a move, now would be a great time to give it some serious thought. Oh, and if that happens, give us a shout đ
If you like a spread out city with lots of river and valleys and hills, and very friendly people, I think you will like Calgary
This is a GREAT video. Like serious you're killing it, really helpful stuff.
Hey Daniel, thank you so much for your feedback. Really appreciate it! Hope our future videos continue to help you. Let us know what other topics we should consider :)
Always wanted to watch these kind of videos love it
Glad to hear that, Afsheen! What were the most important parts for you?
Hello Sir, great Video! Thank you!
Great to hear that Ryan!
Thank you! Informative! Are there mid-rise and high rise condos in areas just outside the downtown core?
Here's my video reply:
vid.us/hwzm2x
These are going great! Already shared with a bunch of ppl interested. Good luck!
@Martin - you are a good man! Appreciate the support brother đ
awesome channel
Appreciate the support!! What content are you looking to watch next?
Excelent video! Thank you! Greetings from Argentina.
Thanks Bibiana! Greetings as well!
đđđœ Thank you for the info and adviceâŁïž
Glad this has helped!
thanks for the great data. It is really usefull, specially if you want to move to Calgary
Here's my video reply, happy that you found value from it!:
vid.us/eux6up
Thanks
Happy to have you here!
Very Informative video - Super like ;)
Thanks Sunil! Much appreciated.
Even if your pay is 10% less in Calgary, you will still live like a king. Toronto will suck around 65% of your income in housing alone
@Rich - It's definitely rich out there!!! .... Which is why a lot of Ontarians are moving here! We get multiple calls a day from people out east and in BC wanting to move and invest here!
It's beneficial information, I was just wondering if I can manage without a car just public transport.
It's doable but can be a little tough since Calgary is a driving city. Also, this depends on which neighbourhood you're gonna be living in. Are you currently looking to buy?
Hi there! I have decided to relocate from Victoria to Calgary next month:) the video was super helpful! One question here, how much will the electricity roughly be for 1 bedroom with 2 people? Thank you!
Hi @Yui! It wouldn't be much, I would budget around $50-$70 per month. Of course this depends on usage. Some condos include the electricity but that's typically in older buildings built in the 70s and 80s
Thank you for this video!!
Now I'm more encouraged to leave Toronto â€â€â€
Join the tons of people doing the same Shaq! Lol
This is a great and very detailed summary Calgary. I came from Calgary - born and raised, left when I turned 54 (would have been sooner if I had played my cards right). It is NOT possible to live in Calgary on 20 bucks an hour, its an oil exec city. Homelessness is out of control. I left my 40+ dollars an hour job to live a better life in B.C. I am making 20 an hour and living a better life here then in Calgary at 40 an hour. It is absolutely outragous. Traffic and chaos add to the stresses. Even if with the added taxes in B.C., its still cheaper and happier here then in Calgary. Calgary is pretty, but thats it.
Thanks for sharing Cheryl! I guess it depends if you are comparing a big city to a big city versus a big city and a smaller center! Lifestyle has a lot to do with it as well, glad you are happy where you are! âđ
Whats the price of a 900sqf condo in the Skyview area? Versus say the Southwest district?
Condo's in that area are usually high $100's to mid $200's and that could include 2 beds, 2 baths. SW is such a huge area they all vary in date built, finishings, etc. where as Skyview is mostly new product within the last 10 years
It helps that itâs such a large space with such a small population.
And it will get larger! The city announced a multitude of new communities - expected to have about 24,000 new comers to Calgary next year!
@@LiveInnerCity yes! I just wish the city had more people, like an actual big city (3 to 40 million)
@@LiveInnerCity that is very exciting!
Any sense of how the price increases due to inflation differ between Toronto and Calgary? I'm looking to move from Toronto to Calgary in the next year or two, and I am struggling to keep up with the price increases here.
Hey @Paul its Felix! Here is my video response đ - vid.us/liw5o8 If you want to know your mortgage options moving in between provinces watch the video I did here - czcams.com/video/CMgWhlELia8/video.html
Iâm looking to move to Calgary next year and one thing Iâm concerned about is the lack of a rent increase cap like Ontarioâs 2.5%. Iâve heard some landlords increasing as much as 30% annually. I donât know if they were perhaps underpriced units to begin with but Iâm planning on renting a place about $500 under my budget to prepare. I still worry about making such a big move and getting priced out in a few years if the rent is increased several hundred dollars every year.
How much ski-pass cost for areas around Calgary?
Around $130 - $150 for a day pass at Sunshine or so
Why are you calculating mortgages at 2% in 2023 if the going rates are closer to 6%? (4:17)
Hey Ricardo, this video was actually recorded in 2021! Sorry for the confusion. We can create a new video to update this soon though! Thanks for letting us know.
Download your GUIDE here đđŒbit.ly/costoflivinglic
Let us know what YOUR personal budget is wherever you are!
Anything can u help with rent to own Ownership planning to move to Calgary in January
Hey Navya! Thanks for reaching out to us. We can definitely help you. Please email us or use this link to contact us: contact.liveinnercity.com/message
Thank you and see you soon!
Calgary is home to me
Us too! Lol as much as Calgary gets sh*t on, its a great city!
great thnkalot
Hopefully this has helped @preet!!! đ
Looking for a income cash flow investment property in Calgary. Can you crush numbers and give curated advise if I work with you?
@Bodhi - we wouldn't be doing our jobs if we didn't crush numbers - that's where the magic happens! To be honest though, cash flow properties is becoming harder to find. It's better to get into a property now before you get priced out of the market. Calgary is one of the last biggest and affordable cities in Canada - so we have pivoted from trying to get a cash flow to acquiring properties for future wealth. Feel free to give us a shout for a investor strategy session
How much does a studio 550qf cost near downtown Calgary?
I am talking about renting not buying đ
It could be a massive range because it depends on when the building was built, renovations, which community, etc. Check out Rentfaster for real rental ads - www.rentfaster.ca/?rr=eJwDAAAAAAE%3D
Since you are realtor in Calgary, if i got it right, is it possible to contact you or your company? I am planning to move there soon with my son. A little guidance will be helpful, especially when it varies from person to person. Thanks
Yes, you may contact us over at hello@liveinnercity.com and our team will assist in getting you the right information!
if this is the monthly cost of living then what the monthly salary that i need to live ??
That would depends on your budget and lifestyle but in an ideal world, you would want to stay below 40% of your gross income for housing costs
What part of the town you would suggest to buy house for a family with good and safe neighborhood?
There are several communities that are safe and family-oriented. It all depends on why location is important to you and what your budget is. If you send that to us we can point you in the right direction.
Hi the cost of living guide cannot be downloaded, I think the link is broken.
Hi! I'm sorry to hear that! We'd like to help you get this fixed. Did you receive a confirmation email in your inbox? If yes, please confirm and then after that, you should receive another email through your inbox or promotions tab (in Gmail). Sometimes it might also get lost in spam.
Hope that helps!
@@LiveInnerCity no the link just doesn't load on my end. It stops loading way before I have the chance to put in my email.
@@ThePhantomofdelight Sorry to hear that again! Could you try this link: www.subscribepage.com/m5y1i2
Let us know if it works!! :)
@@LiveInnerCity now it worked. Thanks man. I know lot of hard work goes into making these things.
@@ThePhantomofdelight No worries! Glad we can help and thank you for your patience! Yeah, we did pour a lot of love on that lol!
What about Edmonton?
We may be coming out with a video on Calgary vs Edmonton! Stay tuned!
Why does the Alberta government need to advertise to get people to move there?
Not sure if they "need" to, but with anything else when you have a bigger population, your economy grows. Plus they want to grow the tech sector so getting the right talent is a key part of that
@@LiveInnerCity They do do it and it cost money. Maybe to get people to move there? If BC did that there would be protests.
There're HOA fee and property tax.
Not all communities have an HOA fee (Home Owner's Association Fee) and all properties have property tax. HOA fees in Calgary are typically no more than $350 and it's a small price to pay for amenities and a "higher end" Community
Very wrong now, I don't expect a realtor to tell you anything negative about their market
We keep it real here and provide the most relevant facts but we appreciate your opinion
I saw your video regarding the net cash back property in Calgary for the amount of$460000. I live in Toronto who are interested in buying investing property in Calgary. Can't find your email.
Hi Vivian that property is now selling in the $700,000's lol its crazy! Please contact us here friend contact.liveinnercity.com/message
Jasben cant locate the subscriber button.
đ
Affordable if you make $100,000 / year. If you are working for minimum wage, just keep living in your parents' basement.
Calgary is the 10th most affordable city when comparing income to the price of housing in 8 different nations spanning across 93 markets. Video dropping this week - stay tuned for it!
the ammount of work and research is unreal
Thank you Bogdan! Appreciate it. Hope you picked up something useful today
Iâm 25 and single, should I start with a condo or a house
Hey Aditya, that depends on other factors. We'd have to know more details than that, you can contact us here so we can discuss your options with you contact.liveinnercity.com/message
If you have a choice meaning you can afford either option def go for the house!
Are these dollars of canadian dollars
Yes since we are in Canada
If you keep making videos on how affordable it is it wonât be very affordable much longer!
Hey Josh! Appreciate your concern over this, would you like to expound more on why you think that is a possibility? We would love to hear about it. Thanks for watching our video!
@@LiveInnerCity umm its just supply & demand, the more you talk about how great YYC is the more people will wanna move there thus pushing the prices up. My comment wasn't meant to be taken so literally though, loosen up a bit lmaoo.
@@joshj2307 Alright, good talking Josh! Thanks for watching our video. We appreciate it.
Calgary is the greediest city in the country..take for example the Blue & Green bins...they force everyone including those who cannot afford these bins to pay for them regardless whether they use them or not...they were supposed to be paying for themselves when first introduced but now they force eveyone to pay for them. Ive noticed some seniors going without proper clothing or proper heat in their homes because of this unfair burden on their utilities.. Ive seen seniors going without their prescriptions because of this unfair charges forced on them...have you seen a utility bill from Calgary yet? they charge you for water and then water surcharges, and then administrative charges on top of it, then they charge you for cleaning the water you use and then surcharges and administrative charges on top of it, then they charge you for the sewer charges then administrative charges on top of it and you guessed it, they charge you again and again for administrative charges...
Great insight and thanks for sharing. There a definitely expenses to living and every city is a little bit different. Municipal, Provincial and Federal governments always find a way to get money from us don't they? :)
Donât move hereâŠ.weâre full!!!
hahhaa would be nice if prices went lower so we can buy more property!!!
Average rent 1,323 a month for a two bedroom apartment? Thatâs not affordable. I was raised in Calgary. Back in the 80âs and 90âs the average was 5 to 6 hundred dollars a month and that was renting a 3 bedroom apartment and a house. We moved out of Calgary because it was getting too expensive to live. Calgary is not affordable unless youâre rich.
Have you heard of inflation? No where in Canada is the rent the same as the 80s and 90s. In 2030 it will be even more. That being said my sister was renting a 2 bedroom basement suite for 650 all inclusive in 2019.
Hi Ken! Looking at expenses is only one part of the equation, Alberta has historically had the highest paying median incomes in all of Canada so it's relative here. It is also one of the last biggest affordable cities in Canada, and house prices have been depressed because of the oil and gas industry. Things are now picking up
Inflation is real! Lol @Canadianjatti
I must be rich đ where are you living that isn't subject to inflation?
@@canadianjatti Do you mean $650 a month? That is extremely cheap for a 2 bedroom apartment.
Stop hyping the city man. Everything is already expensive here.
waaaaaay cheaper then BC
Here's my video reply:
vid.us/toruha
-30 degrees is no joke man
Bah, you'll get used to it. I've heard this great quote and it goes "There is no such thing as bad weather, just bad clothing" ... legit?! lol