Why Calgary’s Steady Housing Growth Matters for Retired Investors
Introduction: Turning a Lifetime of Savings into Lasting Value For many seniors, retirement is a chapter of life where stability matters most. After decades of hard work, you want your money to work for you. While stock markets can feel unpredictable and savings accounts earn very little, real estate has long been considered a safe, steady way to grow and protect wealth. Calgary’s housing market, in particular, has shown remarkable strength. Unlike overheated markets in Vancouver or Toronto, Calgary combines steady appreciation with affordability and strong income levels—qualities that older adults find reassuring. The Power of Equity Growth Over the past five years, Calgary home prices have risen by about 41%. What does this mean for seniors? Equity, your home’s value minus what you owe, has grown significantly. This equity isn’t just a number on paper. It can be tapped to: Example:Imagine a retiree who bought a Calgary home 20 years ago for $250,000. Today, that same home could be worth $600,000+. By selling and downsizing into a condo worth $400,000, they free up $200,000 in equity money that can supplement pensions or savings. Still Affordable, Still Accessible Compared to Toronto, where the average home price is over $1.1 million, or Vancouver, where it nears $1.2 million, Calgary remains remarkably affordable. With average home prices around $577,000, seniors have flexibility: Why This Matters for Seniors Conclusion: Stability with Upside For retired Calgarians, real estate is not about chasing risky profits; it’s about stability. Calgary’s market offers exactly that: steady growth, room for further appreciation, and affordability compared to other cities. If you’re a senior looking for a safe, practical way to stretch your retirement savings, Calgary’s housing market is more than an investment; it’s a pathway to financial peace of mind and a legacy for future generations.