Strong migration and low supply drive Calgary housing prices in 2023

Detached

With an annual decline of nearly 20 per cent, the detached market saw the most significant decline in sales activity. While sales did improve for homes priced above $700,000, limited supply choices in the lower price ranges caused consumers to turn to alternative housing styles. Despite some recent gains in higher-priced new listings, inventories have remained near record lows, and the months of supply have remained relatively low throughout 2023.

The persistently tight market conditions have supported further price growth for detached homes, albeit at a slower pace than last year. On average, the benchmark price rose by nearly eight per cent in 2023, with the most…

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Coming Soon - 14 West Grove Way SW

Welcome to luxury living in West Springs! This exquisite 6-bedroom, 4.5-bathroom residence nestled against a backdrop of private greenspace. This stunning Walkout home combines sophistication with functionality, offering an unparalleled living experience. Step inside to discover an expansive open floor plan that seamlessly integrates the living, dining, and kitchen areas, creating an inviting space for both daily living and entertaining. The heart of this home is its oversized kitchen, adorned with quartz countertops and equipped with top-of-the-line built-in appliances, ceiling height cabinets and extended full pantry. As you enter the living area, you'll be greeted by the warm glow of a gas…

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Coming Soon - #3112, 10 Country Village Park NE

Discover the charm of suburban living with this inviting 2-bedroom, 2-bathroom apartment nestled in the desirable community of Country Hills. Conveniently situated on the first floor, this residence offers a warm and welcoming atmosphere, making it an ideal home for small families and couples of all ages. As you step in, you will notice the laminate flooring throughout, along with granite countertops and newly repainted walls. The apartment comes complete with a dedicated parking stall and additional storage, providing practical solutions for everyday needs. Notably, this residence is also pet-friendly, accommodating your furry companions as part of your home life.
The allure of Country…

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Increased listings, strong sales, and price growth

Detached

Limited supply choice for homes priced below $700,000 has been the primary cause of the decline in detached home sales. While November reported a marginal gain over last year, year-to-date sales have declined by 20 per cent. November saw a rise in new listings compared to the previous year, but higher-priced homes drove most gains. This has left the detached market with exceptionally tight conditions for prices below $700,000 and more balanced conditions for higher-priced homes. Overall, the month of supply remains exceptionally low at under two months.

Persistently tight conditions continue to cause further price gains in the detached market. As of November, the unadjusted benchmark…

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COMING SOON - 7 Everoak Green SW

Indulge in the splendor of this beautiful 3-bedroom, 2.5-bathroom home nestled in the vibrant community of Evergreen. The open floorplan welcomes you with a spacious kitchen and pantry, creating a perfect setting for culinary delights. The home is enhanced by air conditioning, and the gas fireplace in the living room provides a cozy retreat for relaxation and entertaining. The main floor also offers a separate den that can serve as a spacious home office or study area. Ascending the stairs reveals three generously sized bedrooms, with the primary bedroom offering a walk-in closet and a luxurious 4-piece ensuite. The ensuite features a separate shower and a large bathtub, creating a spa-like atmosphere…

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Price gains continue in Calgary's real estate market as inventory remains low

Detached

Both sales and new listings improved over levels reported last October. However, with 1,302 new listings this month and 976 sales, inventory levels slowed over the last month. Inventory levels remain the lowest ever reported for October. Inventory levels have declined for all homes priced below $700,000, leaving conditions exceptionally tight for lower-priced homes. The only area where conditions are not as tight as last year is for homes priced above $1,00,000, where the months-of-supply has risen to 4.3 months.
 
Persistently tight conditions continue to cause further price gains in the detached market. As of October, the unadjusted benchmark price reached…

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Coming Soon - 554 Marine Drive SE

Embrace the pinnacle of lakeside luxury living with this exceptional Calbridge Lottery Home Inspired 1-year-old home nestled along the tranquil shores of Mahogany Lake. Including over 5000 sq.ft of meticulously designed living space and a generous 54 feet of pristine lakefront, complete with your very own private dock, this residence promises an unparalleled lifestyle that dreams are made of. Step inside this architectural masterpiece, where no detail has been spared. The kitchen is a symphony of modernity and elegance, adorned with top-of-the-line Miele appliances, breathtaking 3” quartz countertops, quartz backsplash, and custom floor-to-ceiling wine feature and the built-in Coffee Machine. Entertain…

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22 New Communities in Calgary, Alberta in 2025

Explore 22 new communities in Calgary, Alberta, Canada under construction from 2025+.

Find your perfect new condo, townhome, or single family home for sale in Canada’s fastest-growing province.

Each of these new Calgary neighborhoods is already approved by Calgary City Council (as of July 2025) and is under development or coming soon in 2025+.


Alpine Park aerial rendering. New housing development in Calgary, Alberta 

Alpine Park (SW)

Alpine Park, located in Calgary's southwest quadrant, is a dynamic new 476-acre community by Dream Unlimited. This innovative housing development draws inspiration from the city's natural and architectural history, combining mountain, urban, and prairie influences to create a unique urbanist design.

With a wide range of housing…

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Coming Soon - 313 Silverado Way SW

Step into this residence nestled in the sought-after community of Silverado. This home offers 4 generously-sized bedrooms and 3.5 bathrooms, ensuring ample space for family and guests alike. As you enter, you're immediately greeted by the cozy living room, paired with an inviting sitting area. The gleaming hardwood floors not only add a touch of elegance but also exude warmth and charm throughout the home. Flowing seamlessly from the living space, the kitchen flaunts polished granite countertops, providing both functionality and a modern aesthetic. Adjacent to the kitchen is a welcoming dining area, offering the perfect space for intimate dinners and gatherings, with no barriers in between. Venture…

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Calgary home sales at record highs in September, yet supply remains a challenge

Detached

Inventory levels remained at record lows for the month as the sales-to-new listings ratio remained relatively high at 76 per cent. The decline in inventory levels has been driven by homes priced below $700,000, as supply levels show some improvement for homes priced above this level. While detached sales improved over levels reported last year, much of the gains were driven by the higher-priced properties with some supply options. Overall, homes priced below $700,000 continue to struggle with less than one month of supply.
 
Despite persistently tight market conditions, the unadjusted benchmark price remained relatively stable this month compared to last…

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