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 a downward trend in the total market vacancy rate in Calgary.

The market vacancy rate decreased from 2.7% in 2022 to 1.4% in 2023. It is forecasted to further tighten to 1.1% in 2024. The market vacancy rate continues to set record-low levels.

Data used in this graph is sourced from Canada Mortgage and Housing Corporation (CMHC).

This infographic provides an overview of Calgary’s median home sale prices, categorized by building type in March, 2024. Median sale prices for all four categories, including apartments/multi-family buildings, row/townhouses, semi-detached and single detached houses, have seen upward increases of greater than 10% year-over-year.

Apartments/multi-family increased by 18% since March 2023. The median sale price in March 2024 was $317,500.

Row/townhouses increased by 22% since March 2023. The median sale price in March 2024 was $465,000.

Semi-detached homes increased by 13% since March 2023. The median sale price in March 2024 was $620,000.

Detached homes increased by 13% since March 2023. The median sale price in March 2024 was $718,400.

Data used in this infographic is sourced from Calgary Real Estate Board.

This line graph shows an upward trend in average rental rates in Calgary.

Average market rent increased higher than normal from $2,097 to $2,534 (or by 21 per cent) between 2023 and 2024.

Data used in this graph is sourced from RentFaster.

This line graph shows the total population trend for Calgary, and estimated total population from 2021. We have seen growth at a faster pace than forecasted.

Between 2023 and 2028, The City expects an estimated 110,000 new residents.

Data used in this graph is sourced from Corporate Economics.