For many Canadians, the cost of living is a crucial factor in deciding where to settle. With rising home prices and increasing expenses in major cities, more individuals and families are considering moving to more affordable regions. In this post, we’ll break down the differences in home prices, taxes, and daily expenses between Alberta and Ontario, helping you determine how much more you can afford in Canada’s economic powerhouses.

Housing Prices: Alberta vs. Ontario

Ontario – Sky-High Housing Costs

Ontario, home to Canada’s largest city, Toronto, has some of the country’s most expensive real estate. As of early 2024, the average home price in Toronto hovers around $1.1 million, while in mid-sized cities like Ottawa, prices sit around $650,000. Even smaller cities such as London or Kitchener see home prices averaging $600,000-$750,000.

Alberta – Affordable Real Estate

Alberta offers a stark contrast. In Calgary, the average home price is $570,000, and in Edmonton, it’s even lower at $430,000. This means that, compared to Toronto, you could own a home in Calgary or Edmonton for nearly half the price while enjoying a high quality of life.

🏡 Key Takeaway: If you’re looking to maximize your housing budget, Alberta provides significantly more affordability in both major cities and surrounding areas.

Taxes: Alberta’s Big Advantage

Provincial Income Tax Rates

One of Alberta’s biggest advantages is its lower tax burden. Alberta has a flat provincial income tax rate that starts at 10% for earnings up to $142,292, while Ontario’s provincial tax rates start at 5.05% but rise sharply to 13.16% on incomes over $95,906.

Sales Tax: Saving on Everyday Purchases

• Ontario: HST (Harmonized Sales Tax) = 13%

• Alberta: No Provincial Sales Tax (PST) – Only 5% GST

💰 Key Takeaway: In Alberta, not only do you pay lower income taxes, but you also save 8% on every taxable purchase, from groceries to vehicles.

Daily Expenses: How Far Does Your Dollar Go?

Utilities and Transportation

• Gasoline Prices: Alberta, a province rich in oil, generally has lower gas prices, with a litre costing $1.25-$1.40, compared to Ontario’s $1.50-$1.70.

• Utilities: Alberta’s electricity prices fluctuate, but in many cases, they remain comparable to Ontario’s. However, home heating costs (natural gas) are often lower in Alberta due to local production.

• Transit Costs: Public transportation in Toronto (TTC) is more expensive than Calgary’s CTrain and bus system, which also offers a free downtown transit zone.

Food and Groceries

While grocery costs are generally similar, some imported goods tend to be cheaper in Ontario due to proximity to major ports. However, restaurant and entertainment costs are lower in Alberta because of reduced tax rates and lower commercial lease costs.

🛒 Key Takeaway: Alberta offers lower fuel and tax costs, but grocery prices are comparable.

Job Market & Wages: Where Do You Earn More?

• Alberta: The province has a strong energy sector, booming tech industries, and low corporate taxes, making it a great place for high salaries in engineering, IT, healthcare, and trades.

• Ontario: Home to Canada's largest job market, but higher competition and a higher cost of living eat into wages.

💼 Key Takeaway: Salaries in Alberta remain competitive while benefiting from lower taxes and living costs.

Final Verdict: How Much More Can You Afford in Alberta?

If you moved from Toronto to Calgary, you could: ✅ Buy a home for half the price ✅ Save thousands per year in taxes ✅ Spend less on gas and everyday expenses ✅ Enjoy a high-income job market with less financial strain

For those seeking more affordability, financial freedom, and a strong economy, Alberta stands out as one of the best places to live in Canada. If you’re considering a move, Calgary offers an unbeatable balance of affordability, career growth, and lifestyle benefits.

Looking for More Insights?

Thinking about investing or moving to Calgary? Contact us at Why Buy Calgary to explore real estate opportunities that make financial sense.

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Alberta has long been a land of opportunity, attracting individuals and families looking for a better quality of life, strong job prospects, and financial freedom. Whether you’re a first-time homebuyer, an investor, or someone looking for a fresh start, Alberta’s booming economy and affordable real estate market make it one of the best places in Canada to settle down.

If you’re wondering whether now is the right time to make the move, here are five reasons why relocating to Alberta is a smart decision.

1. Affordability: Get More for Your Money

Compared to cities like Toronto and Vancouver, Alberta offers significantly more affordable housing. The cost of living is lower, and home prices remain within reach for both first-time buyers and investors. In Calgary, for example, you can own a spacious home or a modern downtown condo for a fraction of what you’d pay in other major Canadian cities.

Alberta also has a high standard of living with lower everyday expenses, making it easier for families and professionals to enjoy a comfortable lifestyle without being burdened by excessive costs.

2. No Provincial Sales Tax = More Savings

One of the biggest financial advantages of living in Alberta is the lack of a provincial sales tax (PST). Unlike other provinces that charge additional taxes on goods and services, Albertans only pay the federal GST (5%).

This means more money stays in your pocket, whether you’re shopping for household essentials, dining out, or making a major purchase. It’s a long-term financial advantage that makes everyday life more affordable and helps businesses thrive.

3. A Booming Job Market with High Salaries

Alberta is known for its strong job market, attracting professionals from across Canada. While the energy sector has historically been the province’s backbone, Alberta’s economy has diversified significantly in recent years. Tech, finance, healthcare, and construction industries are all experiencing rapid growth.

Calgary, in particular, is emerging as a major tech hub, with an increasing number of companies relocating to the city due to its skilled workforce, business-friendly environment, and lower operating costs. Additionally, Alberta offers some of the highest average salaries in Canada, making it an attractive destination for career-driven individuals.

4. A High Quality of Life and Outdoor Lifestyle

Alberta’s natural beauty is second to none. With the Rocky Mountains, Banff and Jasper National Parks, and stunning landscapes right at your doorstep, it’s easy to see why Albertans embrace an active, outdoor lifestyle. Hiking, skiing, and biking opportunities are endless, and weekend getaways to some of the world’s most breathtaking scenery are just a short drive away.

In addition to outdoor adventures, Alberta boasts vibrant cities with diverse dining, arts, and entertainment scenes. Calgary and Edmonton offer all the urban conveniences you need, without the congestion and high costs of bigger metropolitan areas.

5. A Future-Proof Investment

Real estate in Alberta continues to be a strong investment. The combination of affordability, a growing economy, and increased migration means property values have significant potential for appreciation. Calgary, in particular, is experiencing a surge in demand as more people recognize its affordability and economic opportunities.

For investors, the province’s landlord-friendly regulations and strong rental market make it an ideal place to purchase income-generating properties. Whether you’re looking to buy your first home or expand your investment portfolio, Alberta offers a market with long-term growth potential.

Final Thoughts

The Alberta Advantage is real. From financial benefits like no provincial sales tax and affordable housing to a thriving job market and unbeatable quality of life, now is the perfect time to consider relocating. Whether you’re moving for work, a better lifestyle, or an investment opportunity, Alberta continues to offer some of the best opportunities in Canada.

Are you ready to make the move? Contact us at Why Buy Calgary to explore your options and find the perfect home or investment in Alberta today!

Ontario has long been Canada’s economic powerhouse, home to major cities like Toronto and Ottawa. However, in recent years, more and more Ontarians are packing up and heading west to Alberta. The numbers tell a compelling story—interprovincial migration from Ontario to Alberta has surged, with thousands making the move each year. But why is Alberta becoming the top choice for those seeking a fresh start?

In this deep dive, we’ll explore the key reasons why Ontarians are relocating to Alberta in record numbers and what this migration trend means for the future of the province.

1. Affordability: Housing Costs Are Significantly Lower

One of the biggest drivers of Ontario-to-Alberta migration is housing affordability. In Toronto, the average home price hovers around $1.1 million, making homeownership out of reach for many first-time buyers. In contrast, Calgary offers a much more affordable housing market, with average home prices around $550,000—half the price of a Toronto home.

For renters, the story is similar. The cost of renting a one-bedroom apartment in Calgary is roughly $1,800 per month, compared to over $2,500 per month in Toronto. Lower housing costs mean that Ontarians can afford larger homes with more space, often with a backyard and in family-friendly communities.

2. Job Opportunities and Economic Growth

Alberta’s economy is thriving, and job seekers are taking notice. While traditionally known for its oil and gas industry, Alberta has diversified significantly in recent years. The province is seeing rapid growth in technology, manufacturing, finance, and renewable energy sectors.

Alberta also boasts one of the lowest unemployment rates in Canada, and with a high demand for skilled workers, many Ontarians are relocating to take advantage of better job prospects. The province's commitment to economic diversification is making it a strong contender for young professionals, entrepreneurs, and skilled tradespeople.

3. No Provincial Sales Tax: Keeping More Money in Your Pocket

Unlike Ontario, which has a 13% Harmonized Sales Tax (HST), Alberta has no provincial sales tax (PST). This means residents only pay the 5% federal Goods and Services Tax (GST) on most purchases, leading to significant savings on everyday expenses, big-ticket items, and even business costs.

For those earning a high income or looking to start a business, Alberta's lower personal and corporate tax rates make it an attractive destination. Simply put, moving to Alberta allows Ontarians to stretch their dollars further.

4. Quality of Life: More Space, Less Traffic, and a Strong Community Feel

Beyond financial benefits, Alberta offers an exceptional quality of life. Cities like Calgary and Edmonton provide modern urban amenities while being surrounded by nature. With the Rocky Mountains, Banff, and Jasper just a short drive away, outdoor enthusiasts can enjoy world-class hiking, skiing, and other recreational activities year-round.

Traffic congestion is also far less of an issue in Alberta compared to the gridlock of the Greater Toronto Area (GTA). Commuting times are shorter, and many residents enjoy a better work-life balance. Additionally, communities in Alberta often feel more connected, with strong local networks and support systems.

5. A Pro-Business Environment for Entrepreneurs

For entrepreneurs, Alberta offers an appealing environment with fewer regulatory barriers, lower business taxes, and a growing support network for startups. Calgary, in particular, has been dubbed "Canada’s most business-friendly city," attracting new ventures in fintech, renewable energy, and logistics.

For Ontarians who have struggled with the high cost of business operations in Toronto, relocating to Alberta can mean lower commercial rents, reduced taxation, and a greater chance of success in a competitive market.

6. Migration Trends: Ontario’s Loss is Alberta’s Gain

Recent Statistics Canada data confirms the migration shift. In 2023 alone, over 50,000 people moved to Alberta from other provinces, with a significant portion coming from Ontario. This movement is reshaping Alberta’s demographics, bringing in a younger workforce and increasing demand for housing, services, and infrastructure.

As a result, Alberta’s cities are seeing growth in new housing developments, increased school enrollments, and more community investment. This influx of talent and capital is positioning Alberta as a future economic leader in Canada.

Is Moving to Alberta Right for You?

If you’re considering relocating, Alberta presents an attractive opportunity for affordability, economic stability, and overall quality of life. Whether you’re a young professional seeking career growth, a family looking for more space, or an entrepreneur wanting to scale a business, Alberta provides a compelling alternative to Ontario’s high costs and dense urban environment.

For more insights on moving to Alberta, real estate opportunities, and investment tips, follow Why Buy Calgary and explore how you can make the move successfully!

As we progress into 2025, Calgary's housing market is exhibiting signs of transitioning toward a more balanced state, presenting both opportunities and considerations for buyers and investors. This shift is primarily driven by evolving supply and demand dynamics, influenced by factors such as easing lending rates, increased housing supply, and moderated population growth.

Sustained Demand Amid Easing Lending Rates

The Calgary Real Estate Board (CREB) forecasts that housing demand will remain robust in 2025, with sales projected to exceed 26,000 units—over 20% higher than long-term trends. This sustained demand is supported by past population and employment gains, as well as easing lending rates, which enhance affordability for buyers. However, it's important to note that while migration levels are expected to remain positive, they are anticipated to slow from the record highs experienced in previous years.

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Increased Housing Supply and Market Balance

On the supply side, Calgary has witnessed record-breaking construction activity. By the end of 2024, over 22,500 new homes had been built, nearly half of which were apartments. This influx of new housing is contributing to a more balanced market by alleviating some of the supply constraints that have previously driven up prices. As these new units become available, buyers will have more options, which is expected to moderate the pace of price growth.

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Moderation of Price Growth

The combination of sustained demand and increased supply is expected to lead to a moderation in price growth. Citywide price growth is forecasted to slow to an annual gain of 3% in 2025, down from a 7% increase in 2024. It's important to recognize that price trends may vary across different market segments. For instance, lower-priced homes may experience stronger price growth due to limited supply and steady demand, while higher-priced homes could see more modest gains amid increased competition from new builds.

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Economic Factors and Potential Risks

Alberta's economy is poised for growth in 2025, driven by investments in alternative energy, carbon capture, food manufacturing, and artificial intelligence. However, potential economic risks, such as the imposition of U.S. tariffs, could impact this positive trajectory. Such uncertainties may affect consumer confidence and, consequently, housing market activity. Investors should remain vigilant and consider these potential risks when making decisions.

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Implications for Buyers and Investors

For buyers, the anticipated increase in housing supply coupled with easing lending rates presents a favorable environment to enter the market. The moderation in price growth provides an opportunity to purchase properties without the rapid price escalations seen in previous years.

Investors should consider the varied dynamics across different market segments. While the overall market is moving toward balance, specific segments, such as lower-priced homes, may continue to experience strong demand and price appreciation. Conversely, higher-priced properties might face more competition and slower price growth. Strategic investments in areas with sustained demand and limited supply could yield favorable returns.

Conclusion

Calgary's housing market in 2025 is navigating toward a more balanced state, characterized by sustained demand, increased supply, and moderated price growth. While the overall outlook is positive, it's essential for buyers and investors to stay informed about economic developments and market segment variations to make well-informed decisions.