A Smart Investment Choice: Secondary Suites
In Calgary’s real estate market, secondary suites have become a smart choice for both homeowners who want extra income and investors looking to grow their portfolios. At Phipps Real Estate Group, we understand the Calgary market and why suited properties make sense long term.
Growing Demand for Rentals
Calgary is growing quickly, with more people moving here every year. That means more demand for rental housing, and competition for affordable places to live is high. Secondary suites help meet this demand, offering affordable options for tenants while creating more opportunities for owners. For investors, each suite can mean extra rental income and added property value.
Financial Benefits
Homes with secondary suites can bring in strong rental income. In many communities across the city, rents have climbed enough that many landlords cover their mortgages and often earn extra on top. These properties also tend to increase in value faster than homes without suites.
Another key benefit is stability. Even as the rental market cools, having two units in one property gives you more options and helps keep income steady.
Flexibility for Homeowners
Secondary suites aren’t just for investors, they also give homeowners more options. You can rent the suite out long-term, list it as a short-term rental near attractions like the Zoo or Stampede Park, or simply keep it as a space for family.
They’re also great for multi-generational living, whether that’s parents wanting to live close but still have their own space, or young adults looking for independence without moving too far. And if your needs change, you can always rent it out later.
Helping with Affordable Housing
Calgary has a shortage of affordable rentals. Secondary suites are part of the solution, giving families and individuals more housing options while allowing investors to benefit from the demand. It’s a win for both the community and property owners.
Support from the City of Calgary
The City is making it easier than ever to build or legalize suites. With Calgary’s ongoing growth, suites help add density and make better use of existing housing.
Amnesty Program: Extended until December 31, 2026, this program waives permit and registration fees for secondary suites, making it more accessible to legalize an existing illegal suite. The amnesty period applies for existing illegal secondary suites that were built prior to March 2018.
Incentive Program: Offers up to $10,000 to homeowners for building a new legal suite or legalizing an existing suite, with extra funds for accessibility or energy-efficient upgrades.
Rezoning Changes: More areas now allow suites without needing extra development permits, reducing red tape and speeding up the process.
Navigating the Market
Calgary’s market can be complex, but with the right guidance, investing in a suited property can be straightforward and rewarding. At Phipps Real Estate Group, we combine our experience as both Realtors and investors to help clients find the right properties and strategies for their goals.
The Bottom Line
Legal secondary suites are practical, profitable, and supported by the City. They offer income potential, flexible living options, and a way to add long-term value to your property. Whether you’re an investor or a homeowner, they’re one of the smartest property choices in Calgary today.
If you’re considering a suited property, connect with Phipps Real Estate Group. We’d love to show you how secondary suites can work for you.
Some of our current listings:
Strong Rental Potential in Creekstone: with two rentable units, durable finishes, and a fenced yard, it’s a smart investment to grow your portfolio!
Offered at $625,000
MLS® Number: A2259361
A Property with Income Potential: this half-duplex with a legal secondary suite, located in the vibrant community of Cornerstone is clean and move-in ready. This property is an excellent opportunity for homeowners and investors alike.
Offered at $637,999
MLS® Number: A2250919