The numbers speak for themselves.
The benchmark sale price for a typical fine single-family home in Calgary is $643,000, according to the Calgary Real Estate Board.
The same house in Kelowna costs $1,060,000, according to the Association of Interior Realtors.
This means that a similar house in Calgary is 39% cheaper.
Here we are comparing apples to apples.
We found an 1,852-square-foot, three-bedroom, three-bathroom home listed for $1,058,000 on Kelowna’s Lowe Court near Okanagan College.
In southeast Calgary on Chapman Circle, we found a 1,922-square-foot, four-bedroom, three-bathroom home for sale for $644,900.
Both are shown below.
Amanda Cormier, left, is a real estate agent with Royal LePage Kelowna. Matt Callbeck, right, is a real estate agent with Royal LePage Calgary. Both have seen people move from Kelowna to Calgary for cheaper housing.” class=”img-responsive” src=”https://www.kelownanow.com/files/files/images/Blank%20850%20x% 20446%20(9)(1).png” style=”margin: 5px;”/>
“We’ve seen a sea change in the Calgary real estate market, with people moving here because of affordability and opportunity,” said Matt Callbeck, real estate agent with Royal LePage in Calgary.
“I would say 80% of the people moving here from out of province are from Ontario, especially Toronto and surrounding areas. But we also see people moving from Vancouver and Kelowna.”
Callbeck pointed out that for the price of a condominium in Toronto, Vancouver or Kelowna, a buyer could snag a nice home in Calgary with the Alberta lifestyle to boot.
And for the $1 million price of an average single-family home in Kelowna, someone could land a 3,000 square foot estate in Calgary with five bedrooms and a triple garage.
“The price depends a lot on the neighborhood, as it does in any city,” Callbeck said.
“But, one thing is for sure, anything comparable in Calgary is cheaper than in Kelowna.”
The benchmark selling price for a typical condominium in Kelowna is $522,100 (pictured, left), in Calgary $278,800 (pictured, right).” class=”img-responsive” src= “https://www.kelownanow.com/files/files/images/Blank%20850%20x%20446%20(13)(1).jpg” style=”margin: 5px;”/>
For condos, we found a $519,900, two-bedroom, two-bathroom, 894-square-foot unit in the four-story Verve complex in Kelowna’s North Glenmore, listed for sale.
In southeast Calgary, there are two examples: in a downtown high-rise, a two-bed, two-bath condo for $279,900 and a two-bed, two-bath condo in a six-story development in the Skyview neighborhood for $277,900.
The two condo buildings pictured above.
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