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.

(Vacancy rates will be updated in the final quarter of the year)

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 2015, categorized by building types.

Sale prices shifted from a period of rapid acceleration to a slight deceleration, beginning in 2024. Year-over-year price comparisons suggest broad-based softening across the housing market. By housing type, the percentage changes were as follows:

• Row/Townhouses: -5.0%
• Semi-detached homes: -5.5%
• Detached homes: -5.8%
• Apartments/Multi-Residential: -7.6%

Full-year comparisons between 2024 and 2025 had a similar pattern with small year-over-year decreases across all home types. The largest decreases in year-over-year home prices between 2024 and 2025 were observed among apartments/multi-residential homes (-2.6%), followed by row/townhouses (-2.4%), semi-detached homes (-0.9%) and detached homes (-0.8%).

While prices are currently declining, housing prices have risen dramatically since 2019 with overall median home prices seeing a 42% increase, continuing to hinder affordability. 

The affordability crisis is most acute for housing types that can accommodate larger or multigenerational households, including detached, duplex, semi‑detached, and larger row or townhouse units. While it is encouraging to see some price softening year-over-year amongst entry‑level housing such as multi‑residential units, demand for mid‑range priced homes remains strong.

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: +3.8%
• Others: -1.0%
• Townhouse/Duplex: +9.5%
• Detached: +7.1% 

Year-over-year comparisons from March 2025 to March 2026 suggest rentals have begun to climb across all categories except main floor and basement suites (“others”). Rental rates across all categories have remained elevated since 2019 (approximately 47% higher). Detached home rents continue to set historic highs.

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.