This page has been updated with data released in August 2025 for the July 2025 period.
- Home sales in Calgary were 2,099 in July 2025 (12% year-over-year decline)
- Average home price $616,686 (1.7% year-over-year increase)
- Benchmark price $582,900 (3.9% year-over-year decrease)
- New Listings of 3,911 (8.6% year-over-year increase)
- Inventory of 6,917 (66.1% year-over-year increase)
- Days on market 37 (56.8% year-over-year increase)
- Months of supply 3.30 (87.9% year-over-year increase)
- Lowest mortgage rate in Calgary
Average Home prices in Calgary
The overall average home price in Calgary is $616,686 which for all home types. These are the other average home prices in Calgary by home type:
| Area | Home Price |
|---|---|
| Total | $616,686 |
| Detached | $799,551 |
| Row & Townhouse | $453,000 |
| Semi-Detached | $692,826 |
| Apartment | $337,715 |
Median Home prices in Calgary
The median home price in Calgary is much lower than the average at $569,500. These are the median home prices in Calgary by home type:
| Area | Home Price |
|---|---|
| Total | $569,500 |
| Detached | $705,000 |
| Row & Townhouse | $434,500 |
| Semi-Detached | $605,000 |
| Apartment | $310,000 |
Benchmark Home prices in Calgary
The benchmark home price looks to provide a home price based on the price of a typical home within Calgary. These are the benchmark home prices in Calgary for each home type:
| Area | Home Price |
|---|---|
| Total | $582,900 |
| Detached | $761,800 |
| Row & Townhouse | $446,200 |
| Semi-Detached | $697,500 |
| Apartment | $329,600 |
How much income would it take to afford a home in Calgary?
This table shows the income needed to afford a home based on the median home price in Calgary:
| Area | Home Price | Income | Y/Y Change |
|---|---|---|---|
| Total | $616,686 | $163,500 | +$2,302 (+1.43%) |
| Detached | $799,551 | $204,529 | -$965 (-0.47%) |
| Row & Townhouse | $453,000 | $126,775 | -$3,827 (-2.93%) |
| Semi-Detached | $692,826 | $180,583 | +$709 (+0.39%) |
| Apartment | $337,715 | $100,909 | -$822 (-0.81%) |
For the calculation of income to afford a home in Calgary we used the following as inputs:
- Down payment of 20% to avoid mortgage default insurance
- Mortgage rate of 3.99%
- Amortization period of 25 years
- Gross debt service (GDS) ratio of 32%
- Property tax of $354 per month ($4250 per year)
- Heating costs of $150 per month ($1800 per year)
Calgary market metrics
Key market indicators for Calgary as of July 2025:
| Metric | Value | Year-over-Year Change |
|---|---|---|
| Total Sales | 2,099 | -12.0% |
| New Listings | 3,911 | +8.6% |
| Active Inventory | 6,917 | +66.1% |
| Average Days on Market | 37 | +56.8% |
| Months of Supply | 3.30 | +87.9% |
| Sales-to-New-Listings Ratio | 53.7% | -11.6 pp |
While Calgary’s market is shifting from the extremely tight conditions of 2023–2024, a months-of-supply reading of 3.3 still suggests a market that leans toward sellers, particularly for detached homes.
Affordability comparison: Calgary vs. Toronto and Vancouver
One of Calgary’s strongest draws is its relative affordability compared to Canada’s two most expensive markets:
| City | Average Home Price | Income Required |
|---|---|---|
| Toronto (GTA) | $1,022,143 | $215,828 |
| Vancouver (GVA) | $1,165,300 | $286,589 |
| Calgary | $616,686 | $163,500 |
A Calgary household needs roughly $50,000–$120,000 less annual income to afford an average home compared to Toronto or Vancouver. When Alberta’s lack of provincial sales tax is factored in, the effective cost-of-living advantage is even greater.
Key trends in the Calgary housing market
Interprovincial migration boom
Calgary has been one of the top destinations for interprovincial migration in Canada. Thousands of residents from Ontario and British Columbia have relocated to Alberta, drawn by lower housing costs, the absence of provincial sales tax, and a strong job market. According to Statistics Canada, Alberta led all provinces in net interprovincial migration through 2024 and 2025.
Energy sector influence
Calgary’s economy and housing market remain closely tied to the oil and gas sector. While the city has diversified into technology, logistics, and financial services, energy prices still influence employment, population growth, and housing demand. The completion of the Trans Mountain pipeline expansion has been a positive factor for the industry.
Relative affordability narrative
Calgary’s position as an affordable alternative to Toronto and Vancouver has become a major narrative in Canadian real estate. This has attracted both homebuyers and investors, contributing to strong price growth, particularly in the detached segment. However, the rapid increase in inventory through 2025 suggests the market may be moderating.
Notable areas in Calgary
Calgary is typically divided into four quadrants, each with its own character and pricing:
- Northwest (NW) — Includes established communities like Tuscany, Arbour Lake, and Royal Oak. Popular with families for proximity to the mountains and Nose Hill Park. Detached home prices generally range from $600,000 to $900,000.
- Southwest (SW) — Home to some of Calgary’s most prestigious neighbourhoods including Aspen Woods, Signal Hill, and Mount Royal. Detached homes in elite areas can exceed $1.5 million, while more accessible communities offer options from $550,000.
- Northeast (NE) — Generally the most affordable quadrant for detached homes, with communities like Skyview Ranch, Cornerstone, and Martindale. Detached homes often range from $450,000 to $650,000.
- Southeast (SE) — A mix of established and newer communities including Auburn Bay, New Brighton, and McKenzie Towne. Moderate pricing with many family-oriented master-planned communities.
- Inner City — Neighbourhoods like Inglewood, Kensington, Bridgeland, and Mission offer walkable urban living with a mix of condos, townhouses, and character homes. Condo prices start around $250,000, while detached homes can range from $600,000 to well over $1 million.
The Alberta advantage for homebuyers
Alberta offers several financial advantages for homebuyers:
- No provincial sales tax — Alberta is the only province with no PST or HST beyond the federal GST (5%). This means lower costs on goods and services, though new homes are subject to GST.
- No land transfer tax — Unlike Ontario, BC, and Quebec, Alberta does not charge a land transfer tax. Instead, buyers pay a nominal title transfer fee (approximately $50 plus $2 per $5,000 of property value), which is typically only a few hundred dollars.
- Competitive property taxes — Calgary’s residential property tax rate is generally competitive with other major Canadian cities.
These factors combined can save buyers tens of thousands of dollars compared to purchasing a similar home in Toronto or Vancouver. Use our land transfer tax calculator to compare transfer costs across provinces.
Related Calgary housing calculators
Planning to buy in Calgary? These tools can help:
- Mortgage Calculator — Estimate monthly payments on a Calgary home
- Mortgage Affordability Calculator — Determine how much home you can afford
- Income to Afford Home Calculator — Salary needed at Calgary price points
- Closing Costs Calculator — Estimate total purchase costs (lower in Alberta)
- Mortgage Insurance Calculator — CMHC premiums for down payments under 20%
- Mortgage Stress Test Calculator — Check your qualification
- Mortgage Rates — Current mortgage rates in Alberta
Real estate data for Calgary is released and updated by the Calgary Real Estate Board (CREB).