{"id":38268,"date":"2025-07-23T06:00:00","date_gmt":"2025-07-23T10:00:00","guid":{"rendered":"https:\/\/www.zoocasa.com\/blog\/?p=38268"},"modified":"2025-08-05T09:35:23","modified_gmt":"2025-08-05T13:35:23","slug":"calgary-real-estate-2015-to-2025","status":"publish","type":"post","link":"https:\/\/www.zoocasa.com\/blog\/calgary-real-estate-2015-to-2025\/","title":{"rendered":"5 Ways Calgary Real Estate Transformed Over the Past 10 Years"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"750\" height=\"71\" src=\"https:\/\/www.zoocasa.com\/blog\/wp-content\/uploads\/2025\/07\/banner-updated-2-1-750x71.png\" alt=\"\" class=\"wp-image-38269\" srcset=\"https:\/\/www.zoocasa.com\/blog\/wp-content\/uploads\/2025\/07\/banner-updated-2-1-750x71.png 750w, https:\/\/www.zoocasa.com\/blog\/wp-content\/uploads\/2025\/07\/banner-updated-2-1-300x28.png 300w, https:\/\/www.zoocasa.com\/blog\/wp-content\/uploads\/2025\/07\/banner-updated-2-1-768x73.png 768w, https:\/\/www.zoocasa.com\/blog\/wp-content\/uploads\/2025\/07\/banner-updated-2-1-1536x145.png 1536w, https:\/\/www.zoocasa.com\/blog\/wp-content\/uploads\/2025\/07\/banner-updated-2-1-2048x193.png 2048w\" sizes=\"auto, (max-width: 750px) 100vw, 750px\" \/><\/figure>\n\n\n\n<p>Calgary ranked as the second-best city to buy real estate in MoneySense\u2019s <a href=\"https:\/\/www.moneysense.ca\/spend\/real-estate\/best-deals-in-real-estate-2015-canadas-best-cities-to-buy-in\/\" target=\"_blank\" rel=\"noreferrer noopener\">2015 edition<\/a> of <em>Where to Buy Real Estate<\/em>. While a lot has changed in ten years, one thing hasn\u2019t:&nbsp; Calgary homes remain one of the best values in Canada. In the <a href=\"https:\/\/www.moneysense.ca\/spend\/real-estate\/where-to-buy-real-estate-in-canada-calgary\/\" target=\"_blank\" rel=\"noreferrer noopener\">2025 edition<\/a>, Calgary once again claimed the number two spot, reaffirming its strength as a top real estate market.&nbsp;<\/p>\n\n\n\n<p>Still, the city\u2019s real estate landscape hasn\u2019t stood still. Here are five key ways <a href=\"https:\/\/www.zoocasa.com\/calgary-ab-real-estate\" target=\"_blank\" rel=\"noreferrer noopener\">Calgary<\/a> real estate has transformed from 2015 to 2025.<\/p>\n\n\n<p><iframe title=\"Calgary Benchmark Prices From 2015 to 2025\" aria-label=\"Interactive line chart\" id=\"datawrapper-chart-d3thu\" src=\"https:\/\/datawrapper.dwcdn.net\/d3thu\/1\/\" scrolling=\"no\" frameborder=\"0\" style=\"width: 0; min-width: 100% !important; border: none;\" height=\"460\" data-external=\"1\"><\/iframe><script type=\"text\/javascript\">!function(){\"use strict\";window.addEventListener(\"message\",function(a){if(void 0!==a.data[\"datawrapper-height\"]){var e=document.querySelectorAll(\"iframe\");for(var t in a.data[\"datawrapper-height\"])for(var r,i=0;r=e[i];i++)if(r.contentWindow===a.source){var d=a.data[\"datawrapper-height\"][t]+\"px\";r.style.height=d}}})}();<\/script><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>1. Detached Homes in Calgary Are Nearly 50% More Expensive Than in 2015<\/strong><\/h2>\n\n\n\n<p>In June 2015, the benchmark price of a single-family home was $477,300, while condo apartments were nearly half that at $270,300. Over the past ten years, the price of a single-family home has risen by 45.4%, reaching $694,000.<\/p>\n\n\n\n<p>The challenge for home buyers is that incomes have not kept pace with rising home prices. In 2015, the <a href=\"https:\/\/regionaldashboard.alberta.ca\/region\/calgary\/median-family-income\/#\/?from=2013&amp;to=2022\" target=\"_blank\" rel=\"noreferrer noopener\">median household income<\/a> in Calgary was $102,700. By 2022, the most recent year of available data, it had increased by just 7.6% to $110,550. According to the <a href=\"https:\/\/www.nbc.ca\/content\/dam\/bnc\/taux-analyses\/analyse-eco\/logement\/housing-affordability.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">National Bank of Canada<\/a>, a household now needs a qualifying annual income of at least $152,735 to purchase the median-priced detached home in Calgary.<\/p>\n\n\n\n<p>Condo prices, on the other hand, have remained relatively accessible. Over the past decade, condo prices have risen by just 26%, bringing the benchmark to $340,500. Based on the same affordability index, a household earning $90,169 annually would qualify to purchase a condo apartment.&nbsp;<\/p>\n\n\n<p><iframe title=\"Calgary Composite Benchmark Price From 2015 to 2025\" aria-label=\"Table\" id=\"datawrapper-chart-U7EK7\" src=\"https:\/\/datawrapper.dwcdn.net\/U7EK7\/1\/\" scrolling=\"no\" frameborder=\"0\" style=\"width: 0; min-width: 100% !important; border: none;\" height=\"410\" data-external=\"1\"><\/iframe><script type=\"text\/javascript\">!function(){\"use strict\";window.addEventListener(\"message\",function(a){if(void 0!==a.data[\"datawrapper-height\"]){var e=document.querySelectorAll(\"iframe\");for(var t in a.data[\"datawrapper-height\"])for(var r,i=0;r=e[i];i++)if(r.contentWindow===a.source){var d=a.data[\"datawrapper-height\"][t]+\"px\";r.style.height=d}}})}();\n<\/script><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>2. Calgary Emerged as the Hottest Market Post-Pandemic<\/strong><\/h2>\n\n\n\n<p>Before the pandemic, Calgary\u2019s real estate market was slowly recovering from the impact of plummeting oil prices and a prolonged economic downturn. Home prices plateaued or softened from 2015 to 2020, with the benchmark price dropping by 6%.&nbsp;&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Read: <\/strong><a href=\"https:\/\/www.zoocasa.com\/blog\/toronto-real-estate-2015-to-2025\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>6 Ways Toronto Real Estate Transformed Over the Past 10 Years<\/strong><\/a><\/li>\n<\/ul>\n\n\n\n<p>But then everything changed after 2020. Calgary\u2019s economy improved, and homebuyers from across the country started to see the value in moving to Canada\u2019s third-largest city, particularly as Toronto and Vancouver home prices skyrocketed to over $1 million. Another major benefit of moving to Calgary is its<a href=\"https:\/\/www.calgary.ca\/property-owners\/national-property-tax-utilities.html\" target=\"_blank\" rel=\"noreferrer noopener\"> lower property taxes<\/a>, which could save homeowners thousands of dollars a year compared to other Canadian cities.<\/p>\n\n\n<p><iframe title=\"Interprovincial Migration: 2015 to 2025\" aria-label=\"Split Bars\" id=\"datawrapper-chart-NrsQy\" src=\"https:\/\/datawrapper.dwcdn.net\/NrsQy\/1\/\" scrolling=\"no\" frameborder=\"0\" style=\"width: 0; min-width: 100% !important; border: none;\" height=\"167\" data-external=\"1\"><\/iframe><script type=\"text\/javascript\">!function(){\"use strict\";window.addEventListener(\"message\",function(a){if(void 0!==a.data[\"datawrapper-height\"]){var e=document.querySelectorAll(\"iframe\");for(var t in a.data[\"datawrapper-height\"])for(var r,i=0;r=e[i];i++)if(r.contentWindow===a.source){var d=a.data[\"datawrapper-height\"][t]+\"px\";r.style.height=d}}})}();\n<\/script><\/p>\n\n\n\n<p>\u200b\u200bFrom 2015 to 2021, interprovincial migration had little impact on Calgary\u2019s real estate market. In 2015\/2016, just 16,163 Ontarians moved to Alberta. Ten years later, that number has nearly doubled, with 30,612 <a href=\"https:\/\/www.zoocasa.com\/blog\/moving-from-toronto-to-calgary\/\" target=\"_blank\" rel=\"noreferrer noopener\">Ontarians relocating to Alberta<\/a> in 2023\/2024.&nbsp;<\/p>\n\n\n\n<p>Interprovincial migration from British Columbia to Alberta also nearly doubled from 2015 to 2024, rising from 15,933 to 30,675 migrants. At the same time, more Albertans have stayed put.&nbsp;<\/p>\n\n\n\n<p>In 2015\/2016, 19,421 Albertans moved to Ontario, and 29,304 moved to British Columbia. In 2023\/2024, the number of Albertan migrants to Ontario and British Columbia dropped to 11,942 and 18,290, respectively.&nbsp;<\/p>\n\n\n\n<p>As a result, the benchmark price in Calgary surged by 13.6% from 2020 to 2021, and then again by 13.7% from 2021 to 2022. With Calgary\u2019s population projected to surpass <a href=\"https:\/\/www.calgary.ca\/research\/economic-outlook.html\" target=\"_blank\" rel=\"noreferrer noopener\">1.6 million<\/a> by 2027, the city\u2019s real estate market will continue to see housing demand grow.&nbsp;<\/p>\n\n\n<p><iframe title=\"June Sales in Calgary From 2015 to 2025\" aria-label=\"Interactive line chart\" id=\"datawrapper-chart-tN7Aq\" src=\"https:\/\/datawrapper.dwcdn.net\/tN7Aq\/2\/\" scrolling=\"no\" frameborder=\"0\" style=\"width: 0; min-width: 100% !important; border: none;\" height=\"413\" data-external=\"1\"><\/iframe><script type=\"text\/javascript\">!function(){\"use strict\";window.addEventListener(\"message\",function(a){if(void 0!==a.data[\"datawrapper-height\"]){var e=document.querySelectorAll(\"iframe\");for(var t in a.data[\"datawrapper-height\"])for(var r,i=0;r=e[i];i++)if(r.contentWindow===a.source){var d=a.data[\"datawrapper-height\"][t]+\"px\";r.style.height=d}}})}();\n<\/script><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>3. The Market Finds Its Balance After a Decade of Change<\/strong><\/h2>\n\n\n\n<p>There were 1,991 home sales in June 2015, compared to 2,286 in June 2025. While this marks a slowdown from the peak activity seen between 2021 and 2024, sales remain 14.8% higher than in 2015.&nbsp;<\/p>\n\n\n\n<p>This slower pace, combined with improved inventory, has helped shift the market toward more balanced conditions. In June 2025, the sales-to-new-listings ratio (SNLR) was 54%, signaling a balanced market. In contrast, June 2015 saw a much tighter market with an SNLR of 70%, firmly in seller\u2019s territory.<\/p>\n\n\n<p><iframe title=\"Sales by Property Type: 2015 vs. 2025\" aria-label=\"Grouped Columns\" id=\"datawrapper-chart-EZgMS\" src=\"https:\/\/datawrapper.dwcdn.net\/EZgMS\/1\/\" scrolling=\"no\" frameborder=\"0\" style=\"width: 0; min-width: 100% !important; border: none;\" height=\"428\" data-external=\"1\"><\/iframe><script type=\"text\/javascript\">!function(){\"use strict\";window.addEventListener(\"message\",function(a){if(void 0!==a.data[\"datawrapper-height\"]){var e=document.querySelectorAll(\"iframe\");for(var t in a.data[\"datawrapper-height\"])for(var r,i=0;r=e[i];i++)if(r.contentWindow===a.source){var d=a.data[\"datawrapper-height\"][t]+\"px\";r.style.height=d}}})}();\n<\/script><\/p>\n\n\n\n<p>Notably, condo apartment sales have increased the most from 2015 to 2025. Apartment condo sales rose from 399 to 532, representing a 33.3% increase, while detached and attached sales both decreased. As condo prices have increased only modestly, the uptick in sales suggests 2025 buyers are prioritizing affordability.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>4. Inventory Has Improved Dramatically Thanks to Increased Construction<\/strong><\/h2>\n\n\n\n<p>Canada needs more homes, and few cities are building as fast as Calgary. For the first time in a Q1 period, <a href=\"https:\/\/www.calgary.ca\/research\/housing.html\" target=\"_blank\" rel=\"noreferrer noopener\">Calgary\u2019s housing completions<\/a> surpassed Toronto\u2019s, reaching 4,415 units in Q1 2025.<\/p>\n\n\n\n<p>In the latest CREB release, months of supply was at 3.04 months, a whopping 119.3% increase from 2024. In June 2015, months of supply was at just 2.3 months. New listings have also surged, increasing from 3,920 in June 2015 to 5,459 in June 2025.&nbsp;<\/p>\n\n\n<p><iframe title=\"New Listings in Calgary From 2015 to 2025\" aria-label=\"Column Chart\" id=\"datawrapper-chart-JwGPW\" src=\"https:\/\/datawrapper.dwcdn.net\/JwGPW\/1\/\" scrolling=\"no\" frameborder=\"0\" style=\"width: 0; min-width: 100% !important; border: none;\" height=\"417\" data-external=\"1\"><\/iframe><script type=\"text\/javascript\">!function(){\"use strict\";window.addEventListener(\"message\",function(a){if(void 0!==a.data[\"datawrapper-height\"]){var e=document.querySelectorAll(\"iframe\");for(var t in a.data[\"datawrapper-height\"])for(var r,i=0;r=e[i];i++)if(r.contentWindow===a.source){var d=a.data[\"datawrapper-height\"][t]+\"px\";r.style.height=d}}})}();\n<\/script><\/p>\n\n\n\n<p>While all property types have seen an improvement in supply over the last decade, condo apartments in particular have benefited from increased construction. In June 2015, apartment new listings totalled just 612, and by June 2025, new listings nearly doubled to 1,024. At the same time, total apartment inventory has increased by 76.6% from 1,196 to 2,112.&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Read: <\/strong><a href=\"https:\/\/www.zoocasa.com\/blog\/average-mortgage-payment-2015-to-2025\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>10 Years of Rising Mortgage Payments: The Canadian Cities Hit Hardest<\/strong><\/a><\/li>\n<\/ul>\n\n\n\n<p>So what\u2019s <a href=\"https:\/\/www.zoocasa.com\/blog\/alberta-new-home-construction\/\" target=\"_blank\" rel=\"noreferrer noopener\">Calgary\u2019s secret<\/a>? The city has introduced a number of initiatives to speed up building timelines and increase housing supply, including an office-to-residential conversion project, citywide rezoning, and streamlining permit approvals.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>5. Luxury Real Estate Takes Off in Calgary<\/strong><\/h2>\n\n\n\n<p>While Toronto and Vancouver have long held the spotlight for luxury homes in Canada, Calgary\u2019s luxury market is beginning to emerge as one to watch.&nbsp;<\/p>\n\n\n<p><iframe title=\"Sales of Homes Priced Above $1 million\" aria-label=\"Grouped Bars\" id=\"datawrapper-chart-Toesm\" src=\"https:\/\/datawrapper.dwcdn.net\/Toesm\/2\/\" scrolling=\"no\" frameborder=\"0\" style=\"width: 0; min-width: 100% !important; border: none;\" height=\"166\" data-external=\"1\"><\/iframe><script type=\"text\/javascript\">!function(){\"use strict\";window.addEventListener(\"message\",function(a){if(void 0!==a.data[\"datawrapper-height\"]){var e=document.querySelectorAll(\"iframe\");for(var t in a.data[\"datawrapper-height\"])for(var r,i=0;r=e[i];i++)if(r.contentWindow===a.source){var d=a.data[\"datawrapper-height\"][t]+\"px\";r.style.height=d}}})}();\n<\/script><\/p>\n\n\n\n<p>In June 2015, there were only 75 home sales above $1 million in Calgary. In comparison, there were 224 sales above $1 million in June 2025, a 198.7% increase. Year-to-date June sales of homes above $1 million have reached a peak in 2025 with 1,157 sales. In 2015, year-to-date June sales above $1 million were a meager 292.&nbsp;<\/p>\n\n\n\n<p>Homes selling for above $2 million in Calgary were even rarer in 2015, with just 5 sales in June 2015. Fast forward to 2025, and 22 homes sold for above $2 million, marking a rise in the ultra-luxury market.&nbsp;<\/p>\n\n\n\n<p>Whether you\u2019re buying or renting, the right real estate agent will help you navigate your next move with confidence. <a href=\"https:\/\/www.zoocasa.com\/search\" target=\"_blank\" rel=\"noreferrer noopener\">Start your search today<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Calgary ranked as the second-best city to buy real estate in MoneySense\u2019s 2015 edition of Where to Buy Real Estate. While a lot has changed in ten years, one thing hasn\u2019t:&nbsp; Calgary homes remain one of the best values in Canada. In the 2025 edition, Calgary once again claimed the number two spot, reaffirming its [&hellip;]<\/p>\n","protected":false},"author":132,"featured_media":38270,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":{"format":"standard"},"jnews_primary_category":[],"footnotes":""},"categories":[1192,1111],"tags":[],"class_list":["post-38268","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-calgary","category-canada"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>5 Ways Calgary Real Estate Transformed Over the Past 10 Years<\/title>\n<meta name=\"description\" content=\"Calgary real estate has undergone significant changes in the past decade. See how prices, inventory, migration, and luxury home sales have shifted from 2015 to 2025.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zoocasa.com\/blog\/calgary-real-estate-2015-to-2025\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"5 Ways Calgary Real Estate Transformed Over the Past 10 Years\" \/>\n<meta property=\"og:description\" content=\"Calgary real estate has undergone significant changes in the past decade. See how prices, inventory, migration, and luxury home sales have shifted from 2015 to 2025.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zoocasa.com\/blog\/calgary-real-estate-2015-to-2025\/\" \/>\n<meta property=\"og:site_name\" content=\"Zoocasa Blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Zoocasa\" \/>\n<meta property=\"article:published_time\" content=\"2025-07-23T10:00:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-08-05T13:35:23+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.zoocasa.com\/blog\/wp-content\/uploads\/2025\/07\/Blog-1200-x-630-px-24.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Mackenzie Scibetta\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.zoocasa.com\/blog\/wp-content\/uploads\/2025\/07\/Blog-1200-x-630-px-24.png\" \/>\n<meta name=\"twitter:creator\" content=\"@Zoocasa\" \/>\n<meta name=\"twitter:site\" content=\"@Zoocasa\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Mackenzie Scibetta\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.zoocasa.com\/blog\/calgary-real-estate-2015-to-2025\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.zoocasa.com\/blog\/calgary-real-estate-2015-to-2025\/\"},\"author\":{\"name\":\"Mackenzie Scibetta\",\"@id\":\"https:\/\/www.zoocasa.com\/blog\/#\/schema\/person\/f94c43a0733031723a673cfb21916c34\"},\"headline\":\"5 Ways Calgary Real Estate Transformed Over the Past 10 Years\",\"datePublished\":\"2025-07-23T10:00:00+00:00\",\"dateModified\":\"2025-08-05T13:35:23+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.zoocasa.com\/blog\/calgary-real-estate-2015-to-2025\/\"},\"wordCount\":926,\"publisher\":{\"@id\":\"https:\/\/www.zoocasa.com\/blog\/#organization\"},\"articleSection\":[\"Calgary\",\"Canada\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.zoocasa.com\/blog\/calgary-real-estate-2015-to-2025\/\",\"url\":\"https:\/\/www.zoocasa.com\/blog\/calgary-real-estate-2015-to-2025\/\",\"name\":\"5 Ways Calgary Real Estate Transformed Over the Past 10 Years\",\"isPartOf\":{\"@id\":\"https:\/\/www.zoocasa.com\/blog\/#website\"},\"datePublished\":\"2025-07-23T10:00:00+00:00\",\"dateModified\":\"2025-08-05T13:35:23+00:00\",\"description\":\"Calgary real estate has undergone significant changes in the past decade. 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