Calgary Real Estate Statistics (2026)

In recent years, Calgary has become one of the fastest-growing real estate markets in Canada. Despite the growing market, when compared to Vancouver or Toronto, Calgary remains a relatively affordable city, attracting buyers across Canada who are looking for cheaper homes and strong economic opportunities. 

Calgary’s strong population growth, interprovincial migration, and robust local economy have driven the demand for homes in the city. While Calgary has seen substantial home price growth, it is still one of the more affordable major cities in Canada. 

Key 2026 Calgary Real Estate Statistics

• At the end of 2025, the average home price in Calgary was around $565,100. 
• In early 2026, the average benchmark home price in Calgary exceeded $620,000
• Year-over-year residential sales in Calgary increased by approximately 12% in 2025. 
• Calgary Census Metropolitan Area is home to over 1.7 million people. 
• Between the 2016 and 2021 Censuses, Calgary’s population grew by 5.5%
• Over 26,000 residential sales were recorded in Calgary in 2025. 
• Detached homes represent roughly half of Calgary’s residential sales. 
• The homeownership rate in Calgary is above the national average. 
• The benchmark price for condominiums increased by over 10% in 2025 compared to the year before. 

Calgary Housing Market Overview

Calgary, the largest city in Alberta, is one of the fastest-growing metropolitan areas in Canada. According to Statistics Canada, the population of the Calgary Census Metropolitan Area was around 1.61 million in 2021, with more recent estimates placing the population between 1.7 and 1.8 million, indicating strong growth since the 2021 Census. Calgary is the fourth-largest metropolitan area in the country. 

While some of the population growth has come through immigration, Alberta also recorded exceptionally high interprovincial migration in 2023 and 2024, when it attracted tens of thousands of residents from other provinces. A significant portion of these new arrivals settled in Calgary, contributing to the city’s rapid population growth. 

The population growth has naturally increased demand for housing in the region and contributed to rising home prices. However, unlike Vancouver and Toronto, Calgary has more developable land, which has allowed the city to expand outward more easily and helped moderate housing price growth in the long term. It has also maintained a level of affordability, making the housing market more easily accessible to, for example, younger and first-time buyers. 

Calgary House Prices

Calgary boasts one of the most affordable major housing markets in Canada despite the price growth it has experienced in recent years. At the end of 2025, the average home price was around $565,100, which is considerably lower than in markets such as Vancouver and Toronto. The city’s affordability continues to attract buyers from across Canada and contributes to strong housing demand. 

In early 2026, the benchmark price for all types of residential property exceeded $620,000. Benchmark prices for different property types were around: 

• Detached homes: $760,000
• Semi-detached homes: $685,000
• Row houses: $470,000
• Apartment condominiums: $345,000

Detached homes are the most expensive housing option in Calgary, although prices are still considerably lower than in several other major markets, especially those in Toronto and Vancouver. As a result, many homebuyers can purchase larger homes in Calgary than they could in the most expensive housing markets in Canada. 

Calgary Real Estate Sales

Calgary experienced strong housing market activity in 2023, 2024, and 2025, and over 26,000 residential properties were sold in 2025, which reflects continued demand for housing across the city. Sales have remained strong despite the higher cost of borrowing and economic uncertainty, which highlights the city’s housing market’s resilience. 

Around half of all residential sales were detached homes, while about a quarter of transitions were apartment condominiums, and the remainder consisted of semi-detached and terraced houses. Demand has remained broad-based across most housing types, supported by the city’s population growth. 

In recent years, Calgary’s housing market has outperformed many other major Canadian cities. Residential sales increased by around 12% in 2025 compared to the previous year, while in the Greater Toronto Area, home sales increased by only 2.6% and in Greater Vancouver by 1.2% during the same period. Calgary’s stronger growth highlights its relative affordability and ability to attract new residents from other provinces and overseas. 

Housing Supply in Calgary

Despite Calgary having more available land for housing, the limited supply of homes remained a key feature of the city’s housing market in 2024 and 2025. Months of supply were frequently below three months, compared to the four or six months associated with a balanced market. The limited number of available homes has contributed to the home price growth in Calgary. 

Housing supply in Calgary varies by property type, with detached homes experiencing the greatest shortage and seeing their benchmark price rise above $760,000 in early 2026. There are generally more available condominiums, but strong demand for them has pushed the benchmark price to roughly $345,000. Despite increased building activity, the supply of homes has struggled to keep pace with the demand for homes in many parts of Calgary. 

Homeownership in Calgary

Calgary’s homeownership rate is higher than in many other major Canadian cities. According to the 2021 Census, around 68% of households in Calgary owned their homes, which is above the national average of 66.5%. Calgary’s relatively affordable homes have helped more households enter the market and maintained higher ownership rates. 

Couples in Calgary are considerably more likely to own their homes than single individuals, and ownership rates increase with income. Higher-income households are more likely to own a detached home, while the rate of homeownership is higher among established immigrants than recent arrivals. 

Calgary Housing Affordability

Calgary is one of the most affordable major housing markets in Canada. At the end of 2025, the average home in Calgary cost around $565,100 compared to around $1.14 million in Vancouver, $962,300 in the Greater Toronto Area, $670,000 in Ottawa, and $620,000 in Montreal. However, it was more expensive than Edmonton ($450,000) and Winnipeg ($400,000). A typical detached house in Calgary cost less than half the price of a comparable property in Vancouver and considerably less than in Toronto.

Lower home prices in Calgary make mortgage qualification more attainable for many households. However, affordability has become more challenging as home prices have increased faster than household incomes, particularly in 2023 and 2024. The rental market in Calgary has also tightened with the population growth reducing vacancy rates and pushing rents higher. Despite these challenges, Calgary continues to be a more affordable option than many other large metropolitan areas in Canada. 

Calgary Real Estate Forecast

Many real estate forecasts suggest that the housing market in Calgary will remain relatively strong in 2026 and beyond. Population growth, migration from other provinces, and strong employment opportunities continue to support demand for homes. Although the number of homes available has increased gradually, demand is predicted to remain elevated. 

Most forecasts expect price growth to continue, but at a more moderate pace and significant dips are not anticipated. As additional supply enters the market, the conditions might become more balanced, but with its growing population and relative affordability, Calgary is expected to remain one of the strongest-performing housing markets in Canada.