Metro Calgary Real Estate Trends & Price Forecast Guide

March 14, 2023

Metro Calgary is one of Canada's most dynamic cities, offering cultural diversity, educational opportunities, and proximity to some of today's hottest job markets. In recent years, the region has seen explosive real estate activity, both in the housing and commercial sectors. Much of this growth has been due to the influx of new families and businesses relocating to the area. As such, Metro Calgary real estate trends and price forecasts are of great interest to those looking to invest in the market.

The city is currently home to a variety of properties of different types, sizes, and prices. In general, homes for sale in the Metro Calgary area can be divided into two categories—luxury homes, which are priced in the millions and luxury condos and townhouses, which are typically priced up to $500,000. Luxury homes make up around 20 percent of the housing market, while mid-market homes constitute the majority.

silhouette of high-rise building during daytime

Real estate trends in Metro Calgary include new home construction, which has been steadily declining in the past few years. However, a slowdown in new construction is expected to be offset by strong sales in existing homes, which have been growing steadily in recent years.

According to the Real Estate Investment Network (REIN), Metro Calgary’s prices will remain steady throughout 2020, with a slight uptick in the second half of the year. This trend is expected to continue into 2021, with a 3-5 percent growth in home prices, while commercial real estate prices are expected to increase by up to 6 percent.

The real estate market in Metro Calgary is expected to remain strong in 2021, thanks in part to its steadily growing population, strong economy, and job market. Current demographic trends indicate that the number of households in the city is increasing steadily, as are the number of new immigrant families. This population growth should lead to a sustained uptick in housing demand and prices going forward.

a yellow car driving down a street next to tall buildings

When it comes to government regulations, Metro Calgary has some of the most lenient regulations in the country, particularly when it comes to the flip tax. This measure was implemented in January 2020 and was designed to discourage investors from holding onto properties for too long and instead encouraging them to sell them quickly. This has created an ideal environment for buyers and investors to make quick purchases in the market.

For investors looking to capitalize on the booming Metro Calgary real estate market, understanding current trends and forecasting future ones is key to making successful investments.


Justin Ankus

I'm Justin Ankus. I enjoy designing and curating experiences both virtually and in 3-dimensional reality. I have a Bachelor of Architecture from the Illinois Institute of Technology and currently practice professionally, but I also manage a few other ventures.
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