Average House Price in Calgary

by The Canadian Magazine of Immigration · June 21, 2025

The average house price in Calgary is $583,000

Calgary, AB

Housing Market in Calgary – May 2025

In May 2025, Calgary’s housing market shifted toward balanced conditions, driven by a significant increase in inventory and a decline in sales. The average home price rose 6.0% year-over-year to $649,268, marking a record high for the third consecutive month, while the benchmark price fell 2.5% to $589,900. Home sales dropped 16.9% compared to May 2024, totaling 2,568 units, with apartments seeing the steepest decline at 36%. New listings surged 11.6% to 4,842, pushing inventory up 97.5% to 6,740 units, resulting in 2.62 months of supply—the highest since mid-2020. Despite slower sales, strong population growth and affordability relative to cities like Toronto and Vancouver continue to support demand, particularly for condos and townhouses, though economic uncertainty and rising supply may temper price growth.

Housing Market in Calgary – April 2025

In April 2025, Calgary’s housing market showed signs of stabilization with a slight cooling in prices amid increased inventory and economic uncertainty. The residential benchmark price was approximately $591,100, reflecting a year-over-year decrease of about 1.4% and a month-over-month decline of 0.2%. However, average home prices reached $646,743, up 6.3% from the previous year, while median prices hit $590,000, a 4.2% annual increase. Despite a 22.4% drop in sales compared to April 2024, rising listings helped balance the market, easing pressure on prices, particularly for detached and semi-detached homes, while row and apartment homes remained steady.

Housing Market in Calgary – March 2025

Calgary’s housing market in March 2025 is a seller’s market, with an SNLR of 64% and an average home price of $612,838 in February 2025, up 5.1% year-over-year. Sales rose 15.7% month-over-month, supported by a 22% increase in new listings from December 2024, though inventory is 68% higher than last year. Luxury sales over $1.5 million increased 11% year-to-date, driven by interprovincial migration adding 21,000 residents to the Calgary CMA. Rental prices dropped 7.8% to $1,915, a two-year low, but population growth and record housing starts signal continued demand, tempered by trade tariff concerns.

In Calgary, house prices down by 0.7% year over year in May 2025.

Average House Price in Calgary
	2023	2024	2025
January	$506,100*	$551,500*	$573,100
February	$515,700*	$563,800*	$576,800
March	$523,400*	$573,600*	$583,400
April	$534,200*	$580,900*	$583,000
May	$534,700*	$587,100	$583,000
June	$542,200*	$589,000
July	$545,000*	$588,600
August	$547,300*	$586,100
September	$546,900*	$582,100
October	$548,900*	$577,700
November	$550,800*	$575,600
December	$547,700*	$572,400
Source: CREA
*Updated

Average home prices in Calgary 2020-2022

Average House Price in Calgary
	2020	2021	2022
January	$411,600*	$411,800*	$480,500*
February	$411,300*	$418,300*	$508,800*
March	$411,300*	$429,300*	$523,100*
April	$409,600*	$437,400*	$531,100*
May	$396,600*	$461,900*	$527,100*
June	$397,200*	$465,500*	$525,500*
July	$403,200*	$467,700*	$522,200*
August	$405,800*	$465,700*	$516,300*
September	$406,500*	$463,300*	$511,600*
October	$407,100*	$465,000*	$508,200*
November	$408,200*	$465,900*	$504,600*
December	$411,400*	$468,300*	$501,800*
Source: CREA
*Updated

House prices in Calgary 2017-2019

Average House Price in Calgary
	2017	2018	2019
January	$428,500*	$426,800*	$415,200*
February	$428,000*	$428,700*	$414,600*
March	$429,100*	$430,700*	$415,000*
April	$430,200*	$430,900*	$416,600*
May	$433,700*	$437,100*	$415,300*
June	$435,900*	$437,100*	$417,000*
July	$437,600*	$435,100*	$417,200*
August	$436,600*	$432,200*	$417,600*
September	$435,700*	$429,400*	$416,500*
October	$433,300*	$427,400*	$418,300*
November	$430,700*	$423,600*	$413,100*
December	$427,400	$418,800*	$412,200*
Source: CREA
*Updated

Home prices depend on the size, location, amenities, the age and condition of the apartment, townhouse or house.

Here are some recommendations from the Canada Mortgage and Housing Corporation to buying your first home:According to the 2017 outlook from the Calgary Real Estate Board (CREB), house prices aren’t expected to grow by a significant amount this year.