Review market housing data and trends such as median home prices, new housing starts and demographics. These trends provide insight into the factors shaping Calgary’s housing market.

This line graph shows an upward trend in total rental market vacancy rate in Calgary.

Total rental market vacancy rate increased from 1.4% in 2023 to 4.6% in 2024. The increase was driven by a large influx of purpose-built rental completions.

Vacancy rate is forecasted to rise further to near 6% in 2025 as more purpose-built supply becomes available.

Data and information used in this graph is sourced from Canada Mortgage and Housing Corporation (CMHC).

This infographic illustrates Calgary's median home sale prices since 2014, categorized by building types. Since home sale prices can vary seasonally due to a variety of factors, additional quarterly information is provided for the latest year in the graph.

While home sale prices for all categories have risen year-over-year between December 2023-2024, the market has shown softening in sale prices from Q2 to Q4 2024.

Median home sale prices for all categories have shown decreases from Q3 to Q4 2024, ranging between 2.2% and 4.5%. The downward trend occurred for two consecutive quarters in the latter half of 2024. By category, the decreases were:

• Detached homes - 3.5%
• Semi-detached homes - 2.5%
• Row/Townhouses - 2.2%
• Apartments/Multi-Family - 4.5%

Data used in this infographic is sourced from Calgary Real Estate Board.

This infographic provides an overview of Calgary's average market rental rates since 2019, categorized by dwelling types.

Multi-residential (including apartments, condominiums and lofts) increased by 5.7% year-over-year since December 2023, and detached houses increased by 1.8%.

Townhouses/duplexes decreased by 2.3% year-over-year since December 2023, and other types (including main floor and basement dwelling units) decreased by 3.3%.

While there were fluctuations throughout 2024, average market rents across all categories remain at their highest point since 2019.

It is expected that growth in the purpose-built rental stock to continue into 2025, leading to anticipated increase in vacancy rate and slower growth in rents.

Data used in this graph is sourced from RentFaster.

This line graph shows the total population trend for Calgary.

In 2024, Calgary’s population increased by an estimated 90,700 new residents year-over-year.

Data used in this graph is sourced from Corporate Economics and Statistics Canada.