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Cost of living in Calgary

      
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2008 Housing Prices
 

Type

Price

Qualifying Household Income*

Standard Two-Storey

$461,811

$106,252

Detached Bungalow

$429,889

$98,695

Townhouse

$364,778

$82,924

Condo

$284,144

$64,896

* Based on a 25% down payment and a 25-year mortgage loan at a five-year fixed rate -excluding maintenance fees.
Source: RBC. March, 2008.

 

Date

Average House Price*

January-July 2006

$334,870

January-July 2007

$414,046
* Based on properties sold through the Multiple Listing Service.
Source: Canadian Real Estate Association. 2007.

 

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Average Rent for Two-Bedroom Apartments in 2007
$1,089.00 per month
 Source: Canada Mortgage and Housing Corporation. 2007.
 

 

2006 Average expenditure per household
 

Concept

Annual Amount

Food

$8,092

Shelter

$16,794

Household Operation

$4,198

Transportation

 $13,598

Personal Taxes

$23,851

Source: Statistics Canada. 2008.

 

Public Transportation

Type

Ticket

Monthly Pass

Regular

$2.50

$75

Low Income

--

$37.50

Special fares for Seniors, kids, and students; & Special hours.

Source: Calgary Transit. 2008.

 

2005 Average Car Insurance
$1,714.78 per year
 Source: Car Test .ca
 

2007 Minimum Wage
$8.00 per hour
 

Consumption Taxes
 Alberta is the only province in Canada with no Provincial Sales Tax (PST). However, there is a 4% Tourism Levy on all hotel rooms. The Canadian Government also charges 7% Goods & Services Tax (GST) on most purchases.
 

2007 Federal Income Tax

Net Income

Tax

Basic Personal Amount

0%

Up to $37,885

15%

Up to $72,769

22%

Up to $123,184

26%

Over $123,184

29%

Source: Canada Revenue Agency. 2008.

 

 

 

2006 Provincial Income Tax

Net Income

Tax

Basic Personal Amount

0%

Any amount

10%

Source: Alberta Government. 2006

 

    
   

2006 TOTAL VIOLENT Crime Rate
802 per 100,000 population.
 

    
   

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