The Real Cost of Buying a House in Calgary in 2025: Beyond the Listing Price

Are you considering buying a house in Calgary in 2025? Whether you’re a first-time homebuyer or looking to upgrade, understanding the true cost of homeownership is crucial for a smooth move and smart financial planning. In this comprehensive guide, we’ll break down all the major expenses you’ll face—from the average Calgary home price to moving costs, utility set-up fees, condo fees, and furnishing your new space. Let’s dive into what it really costs to buy a house in Calgary this year!

Calgary Real Estate Market in 2025: What’s the Average Home Price?

Calgary’s real estate market continues to attract buyers in 2025, thanks to its strong economy and stunning landscapes. The average price for a detached home in Calgary sits around $600,000, while condos and townhomes range from $300,000 to $450,000. These prices can vary by neighborhood, so be sure to research the best Calgary communities for your lifestyle and budget.

How Much Down Payment Do You Need in Calgary?

• Minimum Down Payment: Homes priced under $500,000 require at least 5% down. For properties above $500,000, the down payment increases. For a $600,000 home, expect a minimum of $35,000 upfront.
• Mortgage Insurance: If your down payment is less than 20%, you’ll need CMHC insurance, which adds to your total cost.
• Monthly Mortgage Payments: With current interest rates near 5%, a $600,000 mortgage (with 20% down) means monthly payments of about $2,800–$3,200, depending on your term and amortization.

Essential Closing Costs When Buying a Home in Calgary

• Legal Fees: $1,500–$2,500 for a real estate lawyer to close your deal.
• Home Inspection: $400–$700 to ensure your new home is move-in ready.
• Land Title Registration: Alberta doesn’t have a land transfer tax, but you’ll pay a small registration fee (usually a few hundred dollars).
• Appraisal Fees: $300–$500 if required by your mortgage lender.
• Title Insurance: $200–$400 for extra peace of mind.

Moving Costs in Calgary: Budgeting for the Big Day

Moving into your new Calgary home comes with its own set of expenses. Here’s what you need to know:

• Professional Movers: Expect to pay $100–$200 per hour for a moving team and truck. For a 3-bedroom house, total moving costs typically range from $1,200–$2,500.
• DIY Move: Renting a moving truck costs $100–$300 per day, plus fuel and supplies.
• Packing Materials: Boxes, tape, and protective wraps add another $200–$400.

Utility Set-Up Fees: Getting Connected

Don’t forget the costs of setting up essential utilities in your new Calgary home. Here’s what to expect:

• Electricity & Gas: Most providers charge a one-time connection fee, typically $30–$60 per service.
• Water & Sewer: Set-up fees can range from $30–$50, depending on the provider.
• Internet & Cable: Installation fees are often $50–$100, though some companies offer promotions that waive these costs.

All told, utility set-up fees can add another $100–$250 to your move-in expenses. Be sure to check with each provider for current rates and any available deals.

Possible Condo Fees in Calgary

If you’re buying a condo or townhouse, monthly condo fees are an important consideration. These fees cover building maintenance, amenities, insurance, and sometimes utilities. In Calgary, condo fees typically range from $300 to $600 per month, depending on the building, its age, and the amenities offered. Luxury buildings or those with extensive facilities may charge even more.

Furnishing Your Calgary Home: How Much Does It Cost?

Turning your new house into a comfortable home is exciting—but it can add up. Here’s a breakdown:

• Basic Furniture: A starter set for your living room and bedroom costs about $3,000–$5,000. To fully furnish an entire house, budget $10,000–$20,000 for quality, mid-range pieces.
• Appliances: If not included with your home, a fridge, stove, washer, and dryer can cost $3,000–$6,000.
• Décor & Essentials: Curtains, rugs, lighting, and kitchenware can add $1,000–$2,500.

Total Cost to Buy a House in Calgary in 2025

Let’s add it all up for a typical $600,000 home purchase:

• Down Payment: $35,000–$120,000 (depending on your choice)
• Closing Costs: $2,500–$4,500
• Moving Costs: $1,200–$2,500
• Utility Set-Up Fees: $100–$250
• Furniture & Appliances: $10,000–$20,000

Estimated All-In Upfront Cost: $48,800–$147,250, plus ongoing mortgage payments, utilities, property taxes, and possible condo fees ($300–$600/month) if applicable.

Smart Tips for Calgary Homebuyers in 2025

• Set aside an emergency fund for repairs or unexpected costs.
• Shop for furniture and appliances during Calgary’s big sales—or consider gently used options to save.
• Get multiple quotes from Calgary movers and professionals to avoid overpaying.
• Research the best Calgary neighborhoods for your lifestyle and future growth.
• Ask your real estate agent for a breakdown of all potential condo fees if you’re considering a condo or townhouse.

Buying a home in Calgary in 2025 is an exciting adventure. With a clear understanding of the real costs—from purchase price to moving day and beyond—you’ll be ready to find your dream home and settle in with confidence. Happy house hunting in Calgary!