Calgary by Price
Calgary Homes Under $500,000
More than you'd expect — under $500K in Calgary gets you a real condominium in a great neighbourhood, a townhome with a yard, or a detached home in a growing community.
What $500K Buys in Calgary
Under $500K, Calgary offers genuine options that simply don't exist in Toronto or Vancouver. A $450K–$499K budget reaches: a modern 2-bedroom condo in the Beltline, East Village, or Kensington; a 3-bedroom townhome in NE or NW Calgary growth communities; or a detached starter home in some NE communities.
Alberta's zero land transfer tax means your full $500K goes toward the property — not $8,000–$15,000 in provincial tax first. This is a meaningful practical difference that stretches Calgary buying power versus other major Canadian markets.
Under $500K in Calgary
01
Condos $250K–$450K
The Beltline, East Village, and Kensington all have quality 1–2 bedroom condos under $450K. The Beltline offers Calgary's best urban lifestyle under this threshold.
02
Townhomes $380K–$499K
NE and NW Calgary growth communities deliver 2–3 bedroom townhomes with private entries and small yards in this range.
03
Detached Starter
Some NE Calgary communities — Martindale, Falconridge, Temple — have entry detached homes at the $480K–$510K mark.
04
No Land Transfer Tax
Alberta's zero provincial LTT means your $500K budget stays at $500K — not reduced by $8K–$15K in transaction costs before you start.
Frequently Asked Questions
Can I get a house in Calgary for under $500K?
Yes — in NE Calgary communities, detached entry-level homes can be found at $480K–$520K. Under $500K for a detached is tight but possible in some communities. More reliably, $500K reaches quality condos and townhomes throughout the city.
What's the minimum down payment for a $500K Calgary home?
5% on the first $500K = $25,000 minimum down payment. Plus closing costs (approximately 1.5–2% for a resale home in Alberta) brings total funds needed to approximately $32K–$35K.
Are there good condo buildings under $500K in Calgary?
Yes — many quality Calgary condo buildings have units under $500K. The Beltline has dozens of buildings with 1-bedroom units in the $280K–$420K range. Look for buildings with healthy reserve funds and low deferred maintenance.
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