Introduction

In 2025, the cost of living and real estate prices are top-of-mind for Canadians thinking about relocating. Ottawa and Calgary often appear on the shortlist — both are major cities with strong job markets, vibrant communities, and a high quality of life. But which one offers better value for your money? Let’s break it down by housing, lifestyle, jobs, and long-term potential.

Housing Affordability

• Ottawa: As of early 2025, the average home price in Ottawa sits around the mid-to-high $600,000 range. The market has cooled slightly from the pandemic peaks but remains competitive, especially in sought-after neighborhoods like The Glebe, Westboro, and Kanata.

• Calgary: Calgary’s average home price is still more affordable, generally in the low-to-mid $500,000s. Buyers can often get more square footage, larger lots, and newer builds for the same budget.

Verdict: Calgary wins for affordability, but Ottawa offers more price stability and less market volatility.

Job Market

• Ottawa: Driven by the federal government, tech sector, and education, Ottawa’s job market is relatively stable even during economic downturns.

• Calgary: Known for energy and resource-based industries, Calgary’s economy is diversifying into tech, finance, and logistics, but it’s still more susceptible to boom-and-bust cycles.

Verdict: Ottawa takes the lead for stability, while Calgary may offer higher salaries in certain industries.

Cost of Living

• Calgary generally has lower property taxes and insurance costs, as well as no provincial sales tax.

• Ottawa has higher utility costs (especially in winter), but healthcare, public services, and infrastructure are highly rated.

Lifestyle & Amenities

• Ottawa: Offers cultural depth, historic neighborhoods, and easy access to Gatineau Park, museums, and year-round festivals.

• Calgary: Known for its proximity to the Rockies, outdoor recreation, and a sunny, dry climate with less snow than Ottawa.

Long-Term Investment Potential

• Ottawa’s housing market tends to grow steadily over time.

• Calgary offers more entry-level affordability but can experience sharper market swings.

Conclusion

If stability, strong public services, and long-term value matter most, Ottawa might be your best bet. If you’re looking for lower home prices, a booming job opportunity, and outdoor adventure, Calgary is worth serious consideration.