Buying vs. Renting in Calgary: What Makes the Most Sense in 2025?

by Justin Warthe

With Calgary’s housing prices rising but rental costs also climbing, many people are asking the same question — is it better to buy or rent in 2025? The answer depends on your financial goals, lifestyle, and long-term plans. Here’s a breakdown to help you make the right move in Calgary’s evolving real estate market.

The Current Calgary Housing Landscape

Calgary continues to attract new residents from across Canada thanks to its job opportunities, strong economy, and relatively affordable housing compared to other major cities. However, with steady population growth, both home prices and rental rates have been increasing.

In 2025, buyers and renters face unique pros and cons — and understanding both sides is key to making a smart decision.

The Case for Buying a Home in Calgary

Building Equity Over Time
Every mortgage payment you make goes toward owning an asset that grows in value. Instead of paying rent, you’re investing in your own future.
Stable Monthly Costs
While rent can increase every year, a fixed-rate mortgage gives you predictable payments — especially important as inflation impacts living costs.
Strong Market Outlook
Calgary’s market remains one of the most balanced and affordable among major Canadian cities, with ongoing migration keeping long-term demand strong.
Freedom to Customize
Buying allows you to make the space truly your own — from renovations to smart home upgrades or building equity through improvements.

The Case for Renting in Calgary

Flexibility
Renting offers freedom. If you’re unsure about your long-term plans or new to the city, renting lets you test neighborhoods before committing.
Lower Upfront Costs
Renting avoids the initial expenses of buying — like down payments, legal fees, and property taxes.
Minimal Maintenance
Tenants don’t have to worry about repairs, upgrades, or ongoing property maintenance, which can simplify daily life.

Key Factors to Consider Before Deciding

Your Financial Readiness: Do you have a stable income and enough for a down payment and closing costs?
Market Timing: Interest rates, housing supply, and price trends can affect your buying power.
Lifestyle Goals: Do you value flexibility, or are you ready to settle and build roots in a community?
Investment Perspective: Buying can be a wealth-building move if you plan to stay in the property for 5+ years.

A Quick Comparison

Buying vs. Renting in Calgary:

Factor	Buying	Renting
Monthly Cost Stability	Stable (with fixed mortgage)	Can increase annually
Equity Growth	Builds over time	None
Flexibility	Limited	High
Maintenance Responsibility	Yours	Landlord’s
Long-Term Value	Appreciates	None