Home Insurance in Calgary

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  • Calgary

Calgary is a cosmopolitan city in southern Alberta located in the foothills and the confluence of rivers Elbow and Bow, to the east of the Canadian Rockies. As per the 2016 census, the population of Calgary was estimated at 1239220 and undoubtedly largest in Alberta. This city has come a long way since the time it was called the ‘Cowtown’ due to the famed Calgary Stampede. The skyline of Calgary is dotted with numerous skyscrapers. Every year many visitors come to Calgary to enjoy the annual festivals held with much gusto.

These include Funnyfest Comedy Festival, Calgary Stampede, Afrikadey, Inglewood Sunfest, Calgary Fringe Festival, Marda Gras Street Festival, International Film Festival etc.  Calgary was also the first Canadian city to host Winter Olympic Games. There are about 5 freeways that connect Calgary. These include the Trans-Canada Highway, Memorial Drive, Deerfoot Trail, Crowchild Trail and Macleod Trail. Calgary is at the intersection of Queen Elizabeth 2 highway and Trans-Canada highway.

Who Has The Cheapest Home Insurance Quotes In Calgary

RankHome Insurance CompanyAverage Annual Premium
1Squareone Insurance$790
2TD Insurance$1648
3Economical Insurance$2213

Cost Of Home Insurance In Calgary

We compared the cost of home insurance prices as per a sample profile by some insurance providers in Calgary. The highest price for home insurance was quoted by Economical Insurance at an annual quote of $2213. This was followed by TD Insurance at a quote lower by $565. Squareone Insurance had the lowest quote at an annual price less than half the amount quoted by Economical. They quoted $790 that was the lowest price for home insurance that was way less than Economical Insurance.

Moving To Calgary? Things You Need To Know

Calgary is just a 3-hour drive from U.S. border and has a diverse population. It is a beautiful city with lots of parks, mountains, rivers, open spaces and pathways with most sunshine throughout the year than any city. There are many shopping places such as Eau Claire & Stephen Avenue market, The Core Shopping Center as well as venues for cultural activities, dining and public squares. Tourists also throng the Calgary Tower, Glenbow Museum, Telus Spark, Zoo, Military Museum etc. The Calgary International Airport is a hub for western and central parts of Canada for cargo as well as passenger services.

Calgary Transit offers public transit with light rail and bus services. Many major specialty healthcare centers are based in Calgary as well as educational institutions such as schools, colleges, and university. If you are looking to rent then you may pay around $1500 for an apartment in the downtown core with 2 bedrooms. The rent may increase to around $2800 for a 3 bedroom apartment and are mostly unfurnished. If you rent a condo they may allow a pet for a deposit for around $250 for each pet and parking stalls may cost an average of $40 per month. The strata fees for condos may range around $360 to $690 per month if you own a condo. As per the strata fee, owner of the condo will also increase the monthly rent.

Crime Statistics for Calgary

Cost Of Living

The Calgary Police Service takes care of the law and order in Calgary along with the support of many agencies and community workers.

Comparison Of Crime Statistics 2015 – 2016 & 5 Year Average

Category20152016Average (2011-2016)% change (5 year)
Residential Break & Enter263922612024.811.70%
Commercial Break & Enter266627421742.457.40%
Theft201852178515984.236.30%
Other Property Crimes580954665714.6-4.40%

The above table is derived from crime statistics reported by Calgary Police Service and compares data over 5-year average. There is a decrease of 378 in break & enter crimes in residences in 2016 compared to 2015. But over a five-year average, this has increased by 11.8%. When we compare break & enter crimes in commercial units there is an increase by 76 in 2016 over 2015. There is a huge increase in this number when compared to five-year average by 57.40%. Other property crimes increased by 1976 in 2016 than in 2015 but were a decrease of 4.40% over 5-year average.

Neighborhoods of Calgary

The choice of your neighborhood depends on many variables. Some of these factors include low crime rates, lots of dining and socialization options, shopping, ease of transport, walkability, schools and other amenities to name a few. Some of the best neighborhoods as per a survey by Leger were around 12 in Calgary. These included Beltline, Brentwood, Dalhousie, Acadia, Hillhurst, Signal Hill, Arbour Lake, Riverbend, Bridgeland, Scenic Acres, Windsor Park and Huntington Hills. Most of these have recreational, educational, grocery stores, parks, drug stores, restaurants etc.

Average Cost Of Living In Calgary

The average cost of living in Calgary for a small sized family of 4 may be around $3800 without considering rent. Those who belong to a low-income category may benefit from using the services of Calgary Housing Company. They collaborate with non-profit agency, provincial and federal governments and some private sector realty developers. Their goal is to facilitate affordable, safe and reliable housing options to those who qualify for low-income criteria.

Employment Options in Calgary

Finding an employment is not a big issue in Calgary as the city economy has rapidly grown over the years. Being part of the Edmonton-Calgary corridor, there many financial services, major oil and gas companies in Calgary. Some of the prominent oil & gas companies include BP Canada, Cenovus Energy, Canadian Natural Resources Ltd, Shell, Suncor Energy, Husky, Nexen, Imperial Oil and TransCanada etc. Other employers include Safeway, Westfair Foods Ltd, Shaw Communication, Agrium, Flint Energy Services Ltd etc.

This city has rapidly diversified from its leadership and expansion in the oil industry to other industries too. These include financial, entertainment, transportation, technological, health, aerospace, tourism and retail sectors. Calgary is home to the second highest number of Canada’s largest corporate establishments.

Average Calgary House Price

The cost of a single family house in Calgary is around $540,670.

Detached

You may pay $502,200 for a detached house in Calgary.

Semi Detached

A semi-detached house may cost around $440,600 in Calgary.

Townhouse

You may pay around $380,670 for a townhouse in Calgary.

Condo

The cost of a condo in Calgary may be around $287,210.

Average Calgary Property Tax

The property taxes in Calgary are calculated by multiplying tax rates by the property assessment value. There are 2 types of tax rates; the municipal tax rate and provincial tax rate. The average property tax bill is around $1700 to $1931 in Calgary as per property assessment.  You may pay your property tax using various options that include paying through your bank or directly to the City. If you wish to pay to the City directly then you may not use a credit card to do so. In person, you may pay by cash, cheque, debit card or money order. Or, you could drop off the property tax payment in a designated drop box in the form of money order or cheque.

You may also mail or courier your payment in the form of money order or cheque. Whatever the mode of payment you choose, you may pay your property taxes by the due date to avoid any penalties. The penalty for not paying your property taxes on time in Calgary is 7% in July and an additional penalty of 7% in October on unpaid taxes.

Average Calgary Salary

JobAverage Annual Salary
Administrative Assistant$43000
Legal Assistant$49000
Accountant$55000
Operations Manager$79000
Executive Assistant$68000

Average Calgary Hydro Bill

In Calgary, the Bow River supplies drinking water to the northern part of the city after water treatment at the Bearspaw plant. The drinking water supplied to the southern part of the city comes from the Elbow River that flows for treatment to the Reservoir at Glenmore plant. Both reservoirs are interconnected so that there is adequate water supply throughout the city. The average hydro bill in Calgary for a small family is around $140 per month as per consumption.

Average Calgary Winter & Summer Temperature

Calgary has a continental humid climate and is in a transition zone due to proximity to Rockies and Prairies. In winter, temperatures may drop to −20 °C or lower while in summer the temperatures may rise to 30 °C or more. Calgary residents see sunny days almost all through the year when compared to others in the country. The climate in Calgary is also dry, cool and windy as it is a prairie city.

Average Calgary Daycare Costs

You may use the calculator on the provincial website to estimate your childcare subsidy. In Calgary, you may pay an average of $1050 to $2150 for daycare costs for full-time childcare. Yes, it is indeed expensive and young families may even have to choose between paying for daycare and quitting their job.

Calgary Average Grocery Bill

The average bill for grocery in Calgary is around $650 to $900 per person as per consumption, family size, demographics, and diet.


Resources:

http://www.calgary.ca/cps/Pages/Statistics/Calgary-Police-statistical-reports.aspx

http://www.calgary.ca/CA/fs/Pages/Property-Tax/Property-Tax.aspx


 

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