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.

The market vacancy rate for Calgary increased from 4.6% in 2024 to 5.1% in 2025. This increase in the last couple of years is likely driven by higher vacancy rates within more expensive housing options. For example, (the highest rent quartile had vacancy rates of 6.7% in 2025, while the lowest rent quartile had vacancy rates of 4.4% during the same period.)  

CMHC anticipates a small increase and then a stabilization of vacancy rates, with projections of 5.7% in 2026, 6.2% in 2027, and 5.9% in 2028 in the Calgary CMA.

Data and information used in this graph is sourced from Canada Mortgage and Housing Corporation (CMHC) Rental Market Survey and CMHC Housing Market Outlook report.

This infographic illustrates Calgary's median home sale prices since 2014, categorized by building types.

Sale prices shifted from a period of rapid appreciation to flattening or modest declines beginning in 2024. Year-over-year price comparisons indicate broad-based softening across the housing market. By housing type, price changes in Q2 2026 were as follows:

• Row/Townhouses: -2.7% (Q2 2026 YoY)
• Semi-detached homes: -4.9% (Q2 2026 YoY)
• Detached homes: -1.0 (Q2 2026 YoY)
• Apartments/Multi-Residential: -5.4% (Q2 2026 YoY)

Despite broad year-over-year market softening, detached homes appear to be the most resilient, with prices decreasing by only 1.0%. In comparison, apartment/multi-residential and semi-detached properties recorded larger price decreases of 5.4% and 4.9%, respectively, while row and townhouse homes in between these segments with a 2.7% decline.

Despite these recent modest decreases, housing prices still remain substantially higher than in 2019. Comparing 2025 to 2019, annual sale prices have increased by 30.2% for apartments, 54.2% for row/townhouses, 57.8% for semi-detached homes, and 52.3% for detached homes. 

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. For the current year, rental rates are tracked quarterly.

By category, the year over year percentage changes were:

• Multi-Residential: -9.6%
• Others: -8.0%
• Townhouse/Duplex: +1.0%
• Detached: +16.5%

Year-over-year comparisons indicate an increasingly segmented rental market, mirroring trends observed in the ownership market. Rental rates for smaller homes, including multi-residential properties and "other" units (basement suites and main-floor units), have begun to decline, decreasing by 9.6% and 8.0%, respectively. In contrast, larger family-oriented housing types continue to experience upward pressure on rents, with townhouse/duplex units increasing by 1.0% and detached homes rising sharply by 16.5%.

These trends suggest that demand for larger rental units remains strong, while recent increases in supply in smaller units may be contributing to reduced rental costs for smaller homes.

Data used in this graph is sourced from RentFaster.

This line graph shows the estimated total population for Calgary.

In 2026, Calgary’s population is estimated to increase by 34,000 new residents. This estimated increase in population represents a slowdown from the increases from 2024-2025 (+53,000) and in 2023-2024 (+88,000).

Data used in this graph is sourced from Corporate Economics.