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.

Compared to 2024 annual median home sale prices, three of the four categories have shown minor increases in Q1 2025, ranging between 1.4% and 2.7%. Though row/townhouses recorded no change.

Year-over-year comparison of sale prices from Q1 2024 to Q1 2025 indicates softening in parts of the market. By category, the percentage changes were:

• Row/Townhouses -2.1%
• Semi-detached homes -0.1%
• Detached homes 1.8%
• Apartments/Multi-Family 3.3%

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.

Overall, all dwelling types in the rental market, except for detached houses, have seen decreases since Q4 2024. The categories of others (including main floor and basement dwelling units) and multi-residential (including apartments, condominiums and lofts) witnessed the largest decreases at 7.3% and 6.9%, respectively. Townhouses/duplexes decreased slightly by 1.8%. On the contrary, detached houses gained a notable increase of 9.6%.

Similarly, year-over-year comparison from Q1 2024 to Q1 2025 suggests a general decrease in demand in the rental market. By category, the percentage changes were:

• Townhouse/Duplex -2.6%
• Multi-Residential -2.9%
• Others -11.0%
• Detached 7.3%

It is expected that growth in the purpose-built rental stock to continue in 2025, leading to anticipated increase in vacancy rate and decrease in rents.

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.