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Calgary Real Estate Market

Tools and forecasts to keep you on top of the latest trends in the Calgary real estate market.

Found 32 blog entries about Calgary Real Estate Market.

Calgary Post Flood Real Estate Review

Elbow Park mansion in SW Calgary after June 22 2013 flood

Flooded Elbow Park Home - SW Calgary

As Southern Alberta continues to recover from the devasting flood experienced June 22 2013, the effects have already started impacting the metro Calgary real estate market. Everyone has an opinion - this is ours.

While flooding in the city made international headlines, the number of neighbourhoods affected by the disaster account for less than 12% of all Calgary communities. Areas that saw flooding were those along the banks of either the Bow and Elbow Rivers along with adjacent low-lying communities. Most of Calgary remained high & dry. The Calgary Real Estate board estimates roughly 14% of metro housing stock has been impacted, as many high density condos in the

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Shawnee Slopes / Shawnee Park Calgary

When Geo-Energy Enterprises announced their intent to transform the 130-acre Shawnee Slopes Golf Course into a subdivision, the proposal was met with mixed reviews.

The local residents didn't want to lose their recreation space and were concerned about the population growth and increased traffic in their quiet neighbourhood. I see where they're coming from. You'd think you're pretty safe from future development by purchasing a house that backs onto a golf course; then a few years later that sweeping fairway turns into a cul-de-sac. I understand their frustration.

In any event, the deal is going through; and now after purchasing the property from Geo-Energy, Cardel Homes will be the major developers. The project will be considerable - here are some

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Calgary Real Estate Selling Faster, For More

Calgary real estate selling 19% faster

 May 27, 2013:  Calgary homes are selling faster and for higher prices in May than they were a year ago. Jim Sparrow, a REALTOR® with Royal LePage in SW Calgary commented on the numbers Monday:

"Total Calgary metro sales (houses & condos combined) were up 4.9% vs the same period last year (2,122 vs. 2,022). Single family Calgary homes have sold slightly more (+1.3%) month-to-date as they did in May 2012: 1,465 sales this year vs. 1,446 in May '12). Both the average & median sale price have increased" 

Calgary House Sales (May 2013 month-to date)

Average 2013 May price MTD = $522,391 (3.7% higher than 2012's $503,513)
Median 2013 May price MTD = $458,000 (5.3% higher than 2012's $435,000)


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Calgary home buyers continue to keep their foot on the pedal, with January sales up a sizeable 15% from the same month last year. Both single family home and condo sales rose by approximately the same percentage over last years number. This marks the twelfth consecutive month that Year over Year sales have increased. Calgary is one of the only major cities in the country to see an increase in sales this year.

Calgary Single Family Home Prices

Calgary real estate market review January 2013

Total sales of Calgary homes and condos in the metro area were 1,230 vs 1,069 last January, a 15.1% increase

  • SF home sales @ 879 vs 763 last January
  • Median SF sale price @ $435,500, up 10.3% over last January's $395,000 
  • Median SF sale price sets a new record for the month of January, 6% higher
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With 2 days remaining in the month, Calgary's real estate market continues to outperfom. Sales of Calgary MLS® listed homes & condos yesterday eclipsed last January's numbers, and marks the 12th consecutive month the number of sales has increased year over year. This is in stark contrast to the majority of other major Canadian cities, many of which have seen their Y/Y sales tumble since midway through 2012.

January 2013 Calgary real estate market update

At time of writing, metro Calgary sales stand at 1,119 (vs a total of 1,069 last January.

  • SF home sales @ 804 (vs 763 last January)
  • Median SF sale price @ $435,500, a 10% increase over last January's $395,000 *Median SF sale price sets a new January record, 6% higher than the next highest January (2008)*
  • Average SF sale price @
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Calgary's real estate market continued to defy the slumping national trend by ending the year with another month of year-over-year increases in both the price and sales number categories. This comes as no surprise to most analysts as 2012 saw the metro Calgary residential market record the highest number of sales since 2007. Both the average and the median house price established new record highs for December.

Number of Calgary Residential Sales: December

Total residential houses & condos sold in Calgary - Dec 2012

  • Combined residential sales in Calgary totalled 1,083 (4.9% increase vs 1,025 sold in Dec 2011)
  • Total Calgary homes (houses) sold: 745 (3.2% increase over 722 sold in Dec 2011)
  • Total Calgary condos sold: 338 (9.0% increase over 310 sold in Dec 2011)
  • Previous 5 year average was:
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Inside Calgary's Most Spectacularly Luxurious Homes

 Calgary is rated as one of the best places to live in the world, so it only makes sense that it has magnificent homes to match. If you’ve ever pondered what wonders lie inside of these estate condos, these mansions, these castles, then look no further: we have the inside scoop on the four most fabulously luxurious homes of Calgary.

Luxury Calgary Mount Royal Chalet

$8,500,000 Mount Royal "Chalet"

This gorgeous home is located on Sydenham Rd SW, Calgary. Infinitely spacious with 12,000 sq ft, this truly remarkable home manages to combine the expanse and luxury of an estate home with the warmth and comfort of a mountain chalet. Distressed fir posts and beams, wrought iron details and expansive stone work showcasing an

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Calgary MLS® System Sales: October 2012

The Calgary real estate market continues bucking the national trend. While other major Canadian markets continue to see both their prices & number of sales drop, the October MLS® System sales & prices in Calgary rose significantly from the same month last year.

Combined metro Calgary sales for October were 1,666, up 23.1% from 2011 and 18.3% higher than the five year average*.

*Metro Calgary sales refers to residential real estate within the city limits of Calgary, and does not include rural properties or real estate from smaller towns surrounding the greater Calgary area. Combined sales include both homes (houses), townhouses & apartment-style condos. Vacant lots, parking stalls and timeshares are not

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Calgary Home Sale Price Sets New Record

Calgary Real Estate Market Report - May 2012 June 8th: May 2012 was another strong month for the Calgary real estate market, with a couple of new records set for May MLS sales.

Both the average and median sale price for a Calgary home eclipsed previous record levels for the month, and were close to topping the all-time records in both these categories.  

Calgary Home Sales

Calgary home sales (single family) totalled 1,713 in May, 31% more than last years number and the highest number of sales since May 2007. The average sale price of $501,957 was a new record for the month, as was the median sale price of $436,000. Median sale price is the level at which half the number of sales are higher and the other half are lower

Single family homes sold in Calgary - May 2012

  • May 2012 SF home
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Calgary Real Estate Market Sends Mixed Signals for April 2012 

Calgary Dream Homes Jim Sparrow MLS® sales for April 2012 gave mixed results for the metro Calgary real estate market. While the number of sales for both single family homes and condos was up dramatically vs. April last year, sale prices for Calgary houses stayed flat, with condo prices showing some improvement.

Inevitably there will be a lot of discussion about the increased number of sales this year compared with April 2011, so allow me to provide a bit of context (seeing the forest through the trees if you will):

Last April (2011) was the poorest April in the past 10 years for Calgary home & condo sales.

*see combined sales below; All sales numbers & prices are for homes located within metro Calgary*


Total Metro Calgary Sales: April 2012
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