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 a downward trend in the total market vacancy rate in Calgary.

The market vacancy rate decreased from 2.7% in 2022 to 1.4% in 2023. It is forecasted to further tighten to 1.1% in 2024. The market vacancy rate continues to set record-low levels.

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

This infographic provides an overview of Calgary's median home sale prices since 2014, categorized by building types.

Median home prices for all categories experienced a slight decrease from Q2 to Q3 2024, ranging between 0.8% and 3.2%. This is the first time we are experiencing a downward trend for all categories since 2020.

Apartments/multi-family decreased by 1.5% between Q2 and Q3 2024.

Row/townhouses decreased by 3.2% between Q2 and Q3 2024.

Semi-detached homes decreased by 0.8% between Q2 and Q3 2024. 

Detached homes decreased by 2.5% between Q2 and Q3 2024.

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.

Average market rental rates for three of the four categories, including multi-residential, townhouses/duplexes, and houses, have seen increases ranging between 5.7% and 17.0% since the approval of the Housing Strategy in September 2023.

Multi-residential (including apartments, condominiums and lofts) increased by 5.7% since September 2023. The average market rental rate in September 2024 was $2,225.

Townhouses/duplexes increased by 17% since September 2023. The average market rental rate in September 2024 was $2,969.

Detached houses increased by 7% since September 2023. The average market rental rate in September 2024 was $3,364.

The category of Others (including main floor and basement dwelling units) decreased by 8.6% since September 2023. Average market rental rate for this category of homes is starting to show a downward trend from its peak of $1,824 in June 2024.

Data used in this graph is sourced from RentFaster.

This line graph shows the total population trend for Calgary, and estimated total population from 2021. We have seen growth at a faster pace than forecasted.

Between 2023 and 2028, The City expects an estimated 110,000 new residents.

Data used in this graph is sourced from Corporate Economics.