Steady Growth, But No Toronto-Style Surge

Calgary continues to attract buyers priced out of Toronto and Vancouver, offering affordability and quality of life. However, experts predict only a modest 3% price increase in 2025, with balanced market conditions preventing extreme price jumps.

Property Prices & Buyer Opportunities

Detached homes in Calgary saw a 10.79% price rise in 2024, reaching an average of $748,683, still far below Toronto and Vancouver levels. Row homes and semi-detached properties also saw strong growth, making Calgary an attractive market for first-time buyers.

Out-of-Province Interest & Remote Work Shift

Many buyers are moving from Ontario and BC, seeking more value for money in Alberta. Cities like Edmonton, Red Deer, and Lethbridge are also seeing increased demand from those looking for more affordable options.

Housing Supply & Market Outlook

While housing starts are slowing across Canada, Alberta is expected to be less affected due to a higher percentage of local buyers rather than investors. This could help maintain stability in the market.