Joanne Thomas

Joanne: 403.863.0554 |

Secondary suites make homeownership more affordable for cash-strapped buyers

Homes with secondary suites have been a hot topic in Calgary for years, but their appeal for homebuyers looking to generate extra revenue is only growing amid adverse economic conditions.


It is important to find out whether the secondary suite in a home is legal before making any purchase, which can be done by going to the City of Calgary’s website, www.calgary.ca/suites.

If a suite is illegal and a neighbour complains about noise or parking from a tenant, then a bylaw officer can come out and shut you down, meaning you’d have to tell your tenants to leave.


The best place to buy a home with a suite is typically near large employment centres, such as commercial or industrial areas, hospitals, universities, or downtown, as these are the areas where tenants want to live.


When it comes to homeowner demographics, baby boomers or other empty nesters like the rental income a secondary suite can provide, while...

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These are the 10 most expensive Calgary communities in the southwest quadrant, based on year-to-date (YTD) residential average sale price.


1. Bel Aire
Established: 1960
Population: 390
Dwellings: 159
Median pre-tax household income: $401,839
New listings (YTD): 20
Number of residential sales (YTD): 4
Residential average sale price (YTD): $2,000,000
Residential benchmark price (YTD): N/A


2. Britannia
Established: 1956
Population: 690
Dwellings: 313
Median pre-tax household income: $268,603
New listings (YTD): 40
Number of residential sales (YTD): 19
Residential average sale price (YTD): $1,807,237
Residential benchmark price (YTD): $1,342,380


3. Bayview
Established: 1967
Population: 751
Dwellings: 248
Median pre-tax household income: $260,339
New listings (YTD): 22
Number of residential sales (YTD): 9
Residential average sale price (YTD): $1,613,722
Residential benchmark price (YTD): $939,800


4. Elbow Park
Established: 1910
Population: 3,342
Dwellings: 1,195
Median pre-tax household income:...

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