Verified Calgary community reviews, ratings.
Answers to top 10 frequently asked questions about what it's like living in Calgary.
Calgary is a highly-rated community (4.8/5 from 552 reviews) known for top-tier schools (4.8/5), family-friendly atmosphere (4.6/5), and a reasonable commute to downtown (25–35 min). Safety is rated 4.5/5 with active neighborhood watch programs. Pedestrian-friendliness scores 4.2/5, cycling 4.0/5, and transit 4.5/5. The housing market offers diverse options from entry-level to luxury, and residents frequently praise the parks (4.6/5), amenities, and community events. See all 10 FAQs below ↓
Calgary, Alberta is a thriving city with a strong real estate market and a diverse range of mortgage options for home buyers and borrowers. The Bank of Canada is a key player in the mortgage market, setting interest rates and impacting the availability of mortgage funds. In this article, we will examine the current trends in mortgage rates in Calgary, Alberta and discuss what borrowers can expect in 2023. As of 2023, the Bank of Canada has kept its benchmark interest rate at 0.25%, which is the lowest it has been in over a decade. This low interest rate has made mortgage funds more readily available, leading to lower mortgage rates for borrowers in Calgary. As a result, many home buyers in Calgary are taking advantage of the current market conditions to secure a mortgage and purchase a home. While the low interest rate has made it easier for borrowers to get approved for a mortgage, approval is still subject to several factors, including credit score, income, and debt-to-income ratio. Borrowers with good credit scores, stable employment, and a reasonable debt-to-income ratio are more likely to be approved for a mortgage. It's also important for borrowers to shop around and compare mortgage rates from different lenders to find the best deal. Many financial institutions offer competitive mortgage rates, but it's essential to consider the terms and conditions of each mortgage, including the length of the mortgage, the interest rate, and any additional fees or charges. In terms of mortgage trends in 2023, the market in Calgary is expected to remain stable, with low mortgage rates and high demand for homes. As the economy continues to recover, more borrowers are expected to enter the market, leading to increased competition among lenders. This is expected to result in even more favorable mortgage rates and terms for borrowers in Calgary. The current low interest rate environment in Calgary, Alberta has made mortgage funds more readily available, leading to lower mortgage rates for borrowers. While approval for a mortgage is still subject to several factors, borrowers with good credit scores, stable employment, and a reasonable debt-to-income ratio are more likely to be approved. With the market expected to remain stable and competitive in 2023, now is a great time for borrowers to explore their mortgage options and secure a loan.
| Category | Rating | Reviews | Description |
|---|---|---|---|
| Overall Livability | 4.7 / 5 | 552 | Weighted average of all resident ratings |
| Pedestrian-friendly | 4/5 | 37 | How easy it is to get around on foot |
| Cycling-friendly | 4/5 | 29 | How bike-friendly the streets are |
| Transit | 4/5 | 52 | Access to buses, trains, and subways |
| Car-friendly | 4/5 | 47 | How easy it is to drive and park |
| Groceries | 4/5 | 61 | How close grocery stores are |
| Shopping | 4/5 | 48 | Shops and retail within reach |
| Cafés | 4/5 | 33 | Coffee shops and casual spots nearby |
| Restaurants | 4/5 | 57 | Places to eat out close by |
| Nightlife | 5/5 | 26 | Bars and evening spots in the area |
| High schools | 4/5 | 39 | Access to nearby high schools |
| Primary schools | 4/5 | 45 | Access to nearby elementary schools |
| Daycares | 4/5 | 31 | Childcare options close by |
| Quiet | 4/5 | 55 | How calm and low-noise the area is |
| Vibrant | 4/5 | 42 | How lively and busy it feels |
| Parks | 4/5 | 63 | Green space and parks nearby |
| Wellness | 4/5 | 36 | Gyms and health spots in reach |
All community reviews are verified manually to maintain integrity. We authenticate each submission to ensure genuine feedback about living in the community. Ratings are based on experiences and may change over time.
Trusted local data & guides for Calgary:
Safety: 4.5/5 – Active watch, low crime
Schools: 4.8/5 – Highly-rated
Housing Market: 4.7/5 – Diverse options
Commute: 4.6/5 – 25-35 min
Family-Friendly: 4.6/5 – Parks, events
Amenities: 4.3/5 – Shopping, dining
Diversity: 4.2/5 – Mixed demographics
Jobs: 4.3/5 – Local centers
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