Let me ask you something. When was the last time you checked your bank account after paying rent and did not feel worried?
If you have been in this situation, you know how frustrating it is. Here is the good news: shared accommodation in Calgary is changing the way people live save money and connect. With the average rent for a one-bedroom apartment being around $1,599 per month more people in Calgary are realizing that sharing a home is not about saving money. It is a better way of living.
Sharing a home has benefits beyond just saving money. You get to be part of a community, you have flexibility and you get perks that you would not get if you were living alone. Here is why shared accommodation in Calgary might be the decision you can make in Calgary today.
The Financial Reality: Keeping Money in Your Pocket
Lets talk about money.
The rental market in Calgary has changed a lot over the few years. While the prices are not as high as they used to be the average rent is still around $1,799 per month. Add to that the cost of utilities, internet and other expenses and living alone can be very expensive.
This is why many people in Calgary are choosing to share a home with others. By splitting the costs with your housemates you can save 30% to 50% on your housing costs.
The average cost of a one-bedroom apartment is around $1,599 per month plus utilities.. If you share a room or a suite you can pay between $700 and $1,200 per month and that often includes utilities and Wi-Fi.
That is a difference and it means you can save hundreds of dollars every month.
Beyond the Budget: A Built-In Community
Moving to a city or a new neighborhood can be lonely. It takes time to make friends. But shared accommodation in Calgary is different: You get to be part of a network from the start. You can bond with your housemates over dinner, movies or exploring Calgarys food scene.
Many people who share a home become friends. Having someone to talk to after a day is very comforting.
Why Calgary’s Current Market is Ideal for Shared Living
The housing market in Calgary is perfect for shared accommodation now: There are more empty apartments available, so you have more choices. Older buildings have space and are cheaper which is a big advantage.
If you share a old apartment you get more space for your money than if you were living alone in a small new studio.
Unmatched Flexibility for a Life
If you do not want to find a roommate on your own you can look into -living spaces in Calgary. Co-living spaces are professionally. They offer private bedrooms and shared common areas. The cost is all-inclusive so you pay one price for everything. It is affordable with prices starting at around $725 per month. You do not have to worry about setting up utilities or buying furniture. It is the balance of privacy and community.
Pro Tips for a Seamless Shared Living Experience
To make living work you need to communicate clearly: Be open about money and how you will split the costs. Agree about noise, guests, cleaning and shared spaces. Check in with your housemates every month to make sure everything is okay. Be flexible and respectful. You will have a harmonious home.
Conclusion
Shared accommodation in Calgary is not about saving money. It is, about freedom, flexibility and connection. Whether you choose a roommate setup or a co-living space shared living is a great way to enjoy Calgary without breaking the bank. Your next great home and your next great friend might be a room away.
Frequently Asked Questions (FAQs)
Your project must have at least 5 self-contained rental units to qualify.
If your project scores below 50 points, you do not qualify for MLI Select enhanced terms. You would need to pursue CMHC multi-unit insurance or conventional commercial financing, which offer less favorable terms.
This is the date after which CMHC will stop accepting energy efficiency attestations against the building codes. After this date, all applications must be scored against the 2020 codes.
Yes. MLI Select is available for both construction and existing properties.
You are required to maintain affordability for a minimum of 10 years, from the date of occupancy. If you commit to keeping rents affordable for 20 years or more, you get 30 points on top.
Co-Founder & Director
Hafil Perincheeri is an engineer-turned-realtor, investor, and builder based in Calgary, Canada. As Co-Founder and Director of Greencasa, he specializes in home flips, property development, and investment strategies. Since 2019, he has guided clients in home buying, multifamily investing, and financing options like CMHC and MLI Select, ensuring transparent, informed decisions.