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 2015, 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.

Sale prices had shifted from a high rate of acceleration to a steady rate of deceleration between 2024 and 2025. Year-over-year comparison of sale prices from Q3 2024 to Q3 2025 indicates additional softening in the entire housing market. By category, the percentage changes were:

• Row/Townhouses: -6.9%
• Semi-detached homes: -3.8%
• Detached homes: -2.8%
• Apartments/Multi-Residential: -3.6%

It is important to note that housing prices have risen dramatically since 2020 and remain drastically higher than 10 years ago.

The affordability crisis is most prevalent in homes capable of accommodating larger or multi-generational families, such as detached, duplexes, semi-detached and larger row/townhouses. Although it is encouraging to see softening in the price of starter homes such as multi-residential, the demand for homes priced at mid-range remains high.

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.

Year-over-year comparison from Q3 2024 to Q3 2025 suggests mixed trends in the demand and supply of the general rental market. However, rental rates across all categories remain at elevated levels since 2019. In particular, detached and townhouse/duplexes continue to set historic highs. By category, the percentage changes were:

• Multi-Residential: -7.8%
• Others: -1.8%
• Townhouse/Duplex: -11.0%
• Detached: 3.3%

It is expected that growth in the purpose-built rental stock will continue into the remainder of 2025, leading to an anticipated increase in vacancy rate and decelerated growth in rents in the multi-residential and others categories. The cost to rent homes with multiple bedrooms continues to be a major barrier for larger families.

Data used in this graph is sourced from RentFaster.

This line graph shows the estimated total population trend for Calgary.

In 2025, Calgary’s population is estimated to increase by 52,800 new residents year-over-year.

Data used in this graph is sourced from Corporate Economics.