Cheap Houses and Condos for Sale in Calgary

Listings last updated 03/06/2021
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Finding cheap houses for sale in Calgary, AB

Get instant access to a lot of relevant information about Calgary, AB real estate, including property descriptions, virtual tours, maps and photos. Point2 gives you far more than a simple list of cheap houses for sale in Calgary, AB, as the search results pages also have a lot of information on Calgary, AB, right below the listings. Among the deep filtering functions on Point2, you can use Calgary, AB real estate prices, square footage, amenities and many other criteria to help narrow down your search. Price drops are another feature at your disposal, which can be especially useful when you’re looking for cheap houses or cheap condos.

There are 1,600 cheap houses for sale in Calgary, AB

Use the map view to find Calgary, AB cheap homes for sale, based on city features or amenities that you may want close by. You can close in on a specific neighbourhood or area by simply drawing around it with the polygon or radius tools. Never miss an opportunity for a cheap home, by saving your searches. This way, you get new listings in your inbox, daily or every week, based on your preferences and your budget. If you’d like to get in touch with a professional, agents are displayed next to their listings, and they’re easy to contact through the online forms or directly by phone – all their contact information is displayed. If you want more options in terms of professional advice, you can click the Tools tab and Find an Agent, and you’ll get a list of helpful and knowledgeable real estate agents in Calgary, AB. Visit the Point2 blog and you can find up to date expert advice on many markets throughout Canada, regular market reports, neighbourhood scoops in cities throughout the provinces, best deals for cheap homes, and other useful recommendations.

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Set within close proximity to the beautiful Rocky Mountains in the province of Alberta, Calgary is one of Canada’s largest cities. With a diverse population of over 1.2 million, Calgary is a desirable place to live, with a varied economy, many of recreational areas, and a bustling city core. The city experiences fairly hot summers and cold winters, which opens the door to lotsof winter sports and summer activities.

Calgary is a vibrant city, where "Cowboy culture" is still strong, but it’s also home to a large migrant population, largely driven by the oil and gas industry. Oil and gas are Calgary’s key industries, and despite the recession in recent years, it is still Canada’s primary producer of these resources. Tourism is also a strong contributor to the economy, especially for events like the Calgary Stampede, which brings in over 1 million visitors annually, and popular nearby destinations such as Banff and Jasper National Park. It’s also home to a number of corporate head offices.

Calgary is a very attractive city for both city-dwellers and outdoor-lovers, as the mountains provide an abundance of adventurous activities year-round. Calgary was also the host of the Winter Olympics in 1988 and still has many active training facilities. The city has a number of museums and cultural attractions, as well as the Alberta ballet, theatre companies, shopping centres, and historic parks.

Popular areas in Calgary include: Abbeydale, Acadia, Altadore, Beltline, Bridgeland, Crestmont and Oakridge.

Calgary, Alberta

Calgary, Alberta
real estate market overview

Real Estate Market Overview

Calgary has experienced a fairly weak economy in the last few years, mostly due to a decline in oil prices, which consequently weakened the oil and gas industry. Unemployment levels remain fairly high, which has heavily impacted the real estate market. Many of Calgary’s workers were migrants from other areas of Canada or other countries, however this influx has slowed down due to fewer employment opportunities, which has also impacted the property scene.

The positive is that the real estate market is very much in favour of the buyer, with low housing prices and low mortgage rates creating favourable conditions, especially for first-time buyers. It’s thought that the demand for housing will slowly increase as the economy recovers and employment levels rise. Buyers do have a great selection to choose from, and affordability is a huge advantage. As Calgary begins to return to its strong position as a leader in oil and gas, its housing market will begin to see a rise too.

The downtown area of Calgary can be split into five neighbourhoods: Downtown West End, Eau Claire, Downtown Commercial Core, Chinatown, and Downtown East Village. Outside of downtown, there are a number of established neighbourhoods and inner-city communities, popular areas being Mount Pleasant, Bowness, Park Hill, and Forest Lawn. In total, there are over 180 neighbourhoods within the city and numerous types of detached and multi-unit properties.

real estate market overview

Cheap Real Estate Market Overview

The result of Calgary’s weakening economy and property market is lower house prices and a slowdown in sales. Condo sales are much lower than detached property sales, which are still in demand on the market. Prices are expected to remain generally unchanged, creating a buyers’ market and some great property deals. The condo and apartment market has been hit the most, alongside attached houses, which suggests that buyers are shifting towards detached properties, potentially due to lower prices.

This provides a great opportunity for first-time buyers and investors, as this year is predicted to see a steady shift towards more balanced conditions, as the economy slowly strengthens and employment levels rise. It’s thought that the worst is over for job losses and the economy, and the real estate market will begin to stabilize in the coming year.

cheap real estate market overview

Read more about living in Calgary, Alberta.

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