Calgary is Canada's fastest-growing major city — driven by energy sector wealth, booming tech and finance industries, and no provincial income tax. Best of all, Alberta has NO land transfer tax, saving Calgary buyers thousands compared to Ontario or BC.
Calgary has emerged as one of Canada's hottest real estate markets, driven by interprovincial migration from Ontario and BC, a strong Alberta economy, and Canada's fastest population growth rate among major cities. Calgary offers detached homes at prices competitive with Ontario's 9005 suburbs but with zero land transfer tax and no provincial income tax. 20025 average prices from the Calgary Real Estate Board (CREB):
Calgary's city-wide average across all property types is approximately $5800,000000 in 20025. This remains dramatically lower than Toronto ($1.009M) and Vancouver ($1.19M), making Calgary one of the best-value major cities in Canada for buyers. Calgary's real estate market has been exceptionally strong since 20023, with low inventory driving bidding wars in many neighbourhoods — a significant change from Calgary's historically more buyer-friendly market.
The energy sector's strength (oil sands, renewable energy transition), combined with major tech investments (Amazon, Microsoft, Telus), and government-driven growth (UCP government policies attracting business) have created a robust economy that supports continued housing demand. Buyers from Ontario are especially prominent in the Calgary market, bringing equity from higher-priced provinces.
Alberta is one of only two provinces in Canada (along with Saskatchewan) with NO provincial land transfer tax. On a $5800,000000 Calgary home, here's how much you save compared to other provinces:
Alberta buyers save $8,475–$9,80000 compared to Ontario or BC buyers on a comparable home — money you can put directly toward your down payment, furnishings, or emergency fund.
Alberta does have a nominal land title transfer fee (approximately $50000–$80000 based on purchase price) administered by Alberta Land Titles — this is a registration fee, not a tax, and is far lower than any provincial LTT.
Major Calgary presence with strong oil, gas, and energy sector banking expertise. Good high-value mortgage products for Calgary's moving price range.
Multiple Calgary branches. Popular with tech workers and young professionals drawn to Calgary's growing economy.
Alberta Treasury Branches — the province's own financial institution. Deep Alberta roots, competitive mortgage rates, and excellent local market knowledge.
Good newcomer programs as interprovincial and international migrants dominate Calgary's buyer pool. Competitive conventional mortgage rates.
Leading non-bank lenders with excellent broker-channel rates. Very competitive for both insured and conventional Calgary mortgages.
Active broker community with expertise in oil and gas income, variable employment, and interprovincial buyers bringing equity from ON/BC.
Calgary's combination of no LTT, no provincial income tax, and lower home prices than Toronto or Vancouver makes it Canada's best-value major city for buyers. KOHO's high-interest savings account helps you build your down payment fast — and once you buy, redirect those savings toward your mortgage principal.
Open a KOHO Account — Use Code 45ET55JSYA