If you’re thinking about buying a home in Calgary or Chestermere, you’ve probably wondered: Is it better to buy or keep renting? With rising rental prices, a competitive housing market, and long-term investment potential, homeownership is an attractive option. However, buying a home is a big commitment, and renting has its own advantages.

So how do you decide? Let’s break down the financial, lifestyle, and investment factors specific to the Calgary and Chestermere real estate markets to help you make the best choice.

Buying vs. Renting: The Calgary & Chestermere Perspective

When comparing homeownership to renting, we need to consider both tangible financial benefits and lifestyle factors that affect your long-term future in Calgary and Chestermere.

2. What’s Happening in the Calgary & Chestermere Housing Market?

Before making a decision, it’s important to look at local market trends. Here’s what’s happening right now:

✅ Home Prices in Calgary & Chestermere Are Rising

• Calgary's real estate market has seen steady appreciation, with detached homes, townhomes, and even condos increasing in value.

• Chestermere has become a popular family-friendly alternative to Calgary, with larger homes and lakefront properties attracting buyers.

✅ Rental Prices Are Surging

• According to recent reports, Calgary rents have increased by over 15% in the past year.

• The vacancy rate is extremely low, meaning fewer rental options and higher prices.

✅ Buying Offers a Hedge Against Inflation

• With mortgage rates stabilizing and rental costs increasing, locking in a fixed mortgage payment offers cost predictability over time.

✅ Demand for Homes in Chestermere Is Growing

• Many homebuyers are choosing Chestermere for its larger homes, quieter suburban lifestyle, and access to the lake while still being close to Calgary.

3. Does Buying a Home in Calgary or Chestermere Build Wealth?

One of the biggest advantages of buying a home is long-term wealth building through real estate appreciation.

Home Value Growth in Calgary & Chestermere

• Historically, Calgary real estate appreciates 3-5% per year.

• A $500,000 home appreciating at 4% annually would be worth:

  • $608,000 in 5 years

  • $740,000 in 10 years

Comparing Mortgage Paydown vs. Renting

• A portion of every mortgage payment goes toward your equity—meaning you own more of your home each month.

• If you rent, 100% of your monthly payment goes to your landlord.

Example: ROI on a Home in Calgary/Chestermere

Let’s say you buy a $500,000 home with a 10% down payment ($50,000). If the home appreciates 4% per year, in 5 years, it would be worth $608,000.

That’s a $108,000 equity gain, making the ROI 216% on the original $50,000 down payment—a return that renting cannot provide.

4. When Does Renting Make More Sense in Calgary?

While buying has strong long-term benefits, there are situations where renting may be the better choice:

1. Short-Term Living Plans – If you plan to move within 2-3 years, renting may be more cost-effective.

2. Market Timing – If interest rates are high and you want to wait for a better buying opportunity.

3. Financial Readiness – If you lack a down payment or don’t have an emergency fund for home maintenance.

4. Career Flexibility – If your job requires frequent relocation.

5. Should You Buy or Rent in Calgary/Chestermere?

To help decide, ask yourself:

✔️ Do I plan to stay in Calgary or Chestermere for 5+ years?
✔️ Can I afford the mortgage, property taxes, and maintenance?
✔️ Do I want to build equity and benefit from home appreciation?
✔️ Am I ready for the responsibilities of homeownership?

If you answered yes, buying may be the better financial and lifestyle choice. However, if you need flexibility or time to save, renting may work for now—but it’s important to have a plan for the future.

Final Thoughts: Calgary, Chestermere’s and Surrounding Area’s Market is Favorable for Homebuyers

The Calgary and Chestermere housing markets continue to show strong appreciation, making homeownership a great long-term investment. With rents rising and inventory tightening, locking in a fixed mortgage can help you build wealth, gain stability, and avoid rising rental costs.

If you’re considering buying a home in Calgary or Chestermere, our team can help you navigate the market, find the right property, and secure the best deal.

📞 Contact us today for a free consultation and explore your homeownership options!

Disclaimer

This blog is for informational purposes only and should not be considered financial, tax, or real estate advice. Always consult with a mortgage professional, financial advisor, or real estate expert before making any major financial decisions.

Attending open houses is one of the most exciting steps in the home-buying process. It’s your chance to walk through a home, imagine yourself living there, and assess if it’s the right fit. But beyond the beautiful staging and fresh paint, how can you tell if a house is truly a good investment?

Many buyers focus on aesthetic appeal while overlooking structural issues, neighborhood factors, and hidden red flags. In this expert guide, we’ll break down what to look for at an open house so you can make an informed decision before making an offer.

Before You Go: Preparing for an Open House

Before stepping into an open house, a little prep work can go a long way. Here’s how to maximize your visit:

✅ Research the Neighborhood – Check recent home sales, crime rates, nearby schools, and amenities.
✅ Make a Checklist – Identify your must-haves (e.g., number of bedrooms, backyard size) and nice-to-haves (e.g., finished basement, open floor plan).
✅ Know Your Budget – Understand your financing and get pre-approved for a mortgage so you know what price range works for you.

What to Look for Inside the Home

🏡 Layout & Flow

• Is the floor plan functional for your lifestyle?

• Are the bedrooms in a good location (e.g., not too close to noisy areas like the kitchen or living room)?

• Do the spaces feel bright and open, or dark and cramped?

🪟 Natural Light & Ventilation

• Are there enough windows? Natural light can impact mood and energy efficiency.

• Open a few windows – do they operate smoothly? Poorly sealed windows can increase heating costs.

🛠️ Walls, Ceilings & Floors

• Look for cracks, water stains, or sagging ceilings, which could indicate foundation issues or leaks.

• Check for uneven floors—they may suggest structural problems.

• If there’s carpet, lift a corner (if possible) to check for hardwood flooring underneath.

🚰 Kitchen & Bathrooms

• Turn on faucets to check water pressure and listen for unusual noises in the pipes.

• Open cabinets under sinks – any signs of leaks or mold?

• Check the age and condition of appliances (stove, dishwasher, fridge).

🛏️ Storage Space

• Are there enough closets and storage areas?

• Does the primary bedroom have ample closet space?

• Check if the garage, basement, or attic offers extra storage options.

🏠 Basement & Attic

• Basements should be dry and free of musty odors. Dampness can signal water damage.

• Look for signs of foundation cracks or past flooding.

• In the attic, check for proper insulation—poor insulation can lead to higher energy costs.

What to Check Outside the Home

🏡 Roof & Gutters

• Ask about the age of the roof (replacing one can be costly).

• Look for missing shingles, sagging areas, or clogged gutters.

🌿 Yard & Landscaping

• Is the backyard big enough for your needs?

• Is the yard high-maintenance (lots of trees, large lawn) or low-maintenance?

🚗 Parking & Garage

• Is there sufficient parking space for your vehicles?

• If there’s a garage, check its size and condition.

Neighborhood & Surroundings

📍 Noise Levels & Traffic

• Visit at different times of the day—is it quiet in the evening or too noisy?

• Are there busy streets nearby that could affect resale value?

🏫 Schools & Amenities

• Even if you don’t have kids, good school districts boost property value.

• Are there grocery stores, restaurants, and parks within walking distance?

🏘️ Community Feel

• Do neighbors take care of their properties?

• Are there sidewalks and safe places for kids to play?

Smart Questions to Ask at an Open House

Speaking with the listing agent or seller can give you insider details that aren’t listed online. Here are some key questions to ask:

✅ How old is the roof, furnace, and water heater?
✅ Has the home had any major renovations or repairs?
✅ Are there any issues with plumbing, electrical, or the foundation?
✅ What’s included in the sale (appliances, window coverings, etc.)?
✅ Why is the seller moving? (Could reveal insights about the neighborhood or home condition.)

Red Flags to Watch Out For 🚩

Even a beautiful home can have hidden issues. Be mindful of:

🚩 Strong Odors – Musty smells can indicate mold; strong air fresheners might be covering up something.
🚩 Fresh Paint in Just One Spot – It could be hiding water damage or cracks.
🚩 Unpermitted Renovations – If the basement was recently finished, ask for permits to avoid future legal issues.
🚩 Too Many Homes for Sale in the Area – It could signal a declining neighborhood or rising crime rates.

Final Thoughts: Be an Informed Buyer!

Open houses are a great opportunity to explore a home, but knowing what to look for helps you make a confident decision. Take notes, ask questions, and trust your instincts—if something feels off, investigate further!

📢 Need Expert Help? Let’s Find Your Dream Home!

🏡 Looking for personalized home-buying guidance? I can help you find the right home, avoid costly mistakes, and negotiate the best deal.

Let’s make your home search easy and stress-free—reach out today! 🚀