Strathmore is a town that sits about 25 minutes east of Calgary. It’s well-known as one of the bedroom communities of Calgary, similar to nearby cities like Okotoks and Cochrane. However, Strathmore is even smaller than those two cities, with a population half of Cochrane and roughly one-third of Okotoks. If you really want to experience authentic Canadian small-town life, living in Strathmore might be right for you.
Being smaller and somewhat further away from Calgary doesn’t mean Strathmore has no modern comforts. The town offers residents numerous recreational centres, modern healthcare providers, and high-quality schools. Plus, its smaller population means you won’t experience as much traffic in Strathmore.
Cost-effectiveness is another reason why you may benefit from living in Strathmore. The average home price in Strathmore is about $70,000 lower than in Calgary, and living costs in Strathmore are 14% lower than the provincial average.
Quote data from MyChoice.ca, January 2025
What Risk Factors Affect Homeowners in Strathmore?
Strathmore is often exposed to extreme weather. Here are some common risk factors homeowners in Strathmore should watch out for:
Severe Event Probability in Strathmore
During the June 19–28, 2013 Alberta floods, the water level in Strathmore rose across the region damaging multiple properties.
Below are the MyChoice severe event probability scores for Strathmore, based on the historical data from the Canadian Disaster Database collected since 1950. The percentages reflect the likelihood of a major event in question occurring at least once in the region in the next decade – relative to other regions and events.
How Much Does Home Insurance in Strathmore Usually Cost?
Home insurance in Strathmore costs around $1,227 annually. Home insurance premiums are affected by factors like your home’s age, roofing type, proximity to fire hydrants, and more.
Using your home as a place of business may also influence your home insurance rates. Using your home for business means more people coming in and out of your property, increasing your liability and risk of losing belongings.
Quote data from MyChoice.ca, January 2025
Housing Data in Strathmore
What’s the housing landscape in Strathmore like? You can find the answers from census data. Here’s a dive into some essential housing statistics from the 2021 Census of Population:
Homeownership Rate by Age in Strathmore
Below are the homeownership rates in Strathmore, categorized by different age groups. The highest homeownership rate in the city is among people aged 75+ at 85.7%.
| Age Group | Homeownership Rate |
|---|---|
| 15 to 24 | 20.0% |
| 25 to 39 | 66.5% |
| 40 to 54 | 78.7% |
| 55 to 74 | 83.9% |
| 75 and over | 85.7% |
Average Home Price in Strathmore by Dwelling Type
The average price for a single detached house in Strathmore is $480,000, well above the Alberta average of $367,000.
| Type of Dwelling | Average Value |
|---|---|
| Detached | $480,000 |
| Semi-Detached | $400,000 |
| Freehold Townhouse | $291,000 |
Strathmore Population Growth
The population growth in Strathmore was at 4.23% between the years of 2016 and 2021.
What Is Not Included in a Typical Home Insurance Policy?
Even if you’ve opted for a highly comprehensive home insurance policy, there are some risks that insurers explicitly don’t include as a covered peril. These are called “exclusions” by home insurers.
Here are the most common home insurance exclusions:
This is by no means an exclusive list of risks typically excluded from a home insurance policy in Strathmore. Talk to your home insurance provider to see what’s covered by your policy in case of loss or damage.
Why Do I Need Home Insurance in Strathmore?
There are many risks to your Strathmore home. From flooding due to heavy rain to fires, unforeseen incidents can damage your home or its attached structures severely, which can take a lot of money to repair. Somebody can even get into an accident on your property, which might result in hefty legal and medical fees.
Unexpected expenses due to these incidents can stretch your finances thin. The good news is that home insurance can help. A home insurance policy can foot your home repair bills if a covered peril damages it. Additionally, it pays for the many costs associated with personal injury lawsuits.
With the many options for home insurance, which one is right for you? There’s no one “best” home insurance policy for everybody, so you need to learn more about home insurance in Strathmore to make the right decisions.
You technically don’t need home insurance in Strathmore, because it’s not a legal requirement for homeowners. However, you should still get a policy to protect your home as well as its contents. Here are three main reasons why having a home insurance policy is a good idea:
How You Can Get Cheap Home Insurance in Strathmore
If you’re trying to save money on home insurance coverage in Strathmore, go to our main province page to view the list of recommendations.