Imagine this: stunning mountain views, lively city culture, and a growing economy—all with affordable luxury real estate. Calgary was once a quiet prairie city. Now, it is one of Canada’s fastest-growing luxury real estate markets.

It offers great value and lifestyle options. In this blog, we will explore what makes Calgary’s luxury market special.

We will look at its record growth and the reasons behind high-end home sales. If you are thinking about an upgrade or just curious about the market, this guide will help you. It will explain why Calgary luxury real estate is worth looking into.


Why Calgary’s Luxury Market is Thriving

Unbeatable Value in Luxury Homes

Calgary’s luxury homes offer exceptional value. In 2023, 91% of luxury property sales in the city were priced at $2 million or less, making upscale living more accessible. For buyers migrating from other provinces, especially from markets like Toronto and Vancouver, Calgary’s price point feels like a breath of fresh air.

Migration and Population Growth

Calgary’s population surged by 5.9% in 2023, the highest growth rate in Canada . With 26,662 peoting to Calgary last year, the city has become a hotspot for those seeking better opportunities, affordability, and a vibrant lifestyle. This influx has directly impacted the real estate market, with many new residents opting for high-end properties as they settle in.

A Resilient, Diverse Economy

Calgary’s economy continues to thrive, supported by its foundation in the energy sector, technology, and innovation. The city’s strong job market and high quality of life have made it a magnet for families and professionals alike, further fueling the demand for luxury properties.


Market Trends: What the Numbers Say

Calgary’s luxury market is setting records:

  • January 2023: 97 properties sold for $1 million or more, marking a 70% increase from the previous year.

  • First Half of 2023: Over 1,130 luxury homes were sold, leading the nation in year-over-year growth for sales over $1 million.

  • Listings Growth: Ann-Marie Lurie, Chief Economist for the Calgary Real Estate Board, noted that most listing growth is happening at the higher end of the market, now accounting for almost 11% of listings.

Source: Storeys – Canada Luxury Market Q3


Why Choose Calgary for Luxury Living?

Prime Locations: Neighborhoods like Mount Royal, Britannia, and Aspen Woods are synonymous with elegance and exclusivity. Whether you’re drawn to classic architecture or modern designs, these communities offer homes that embody luxury.

Lifestyle Perks: Calgary combines the best of urban sophistication and outdoor adventure. Its proximity to the Rockies, thriving arts scene, and vibrant culinary offerings create an unparalleled lifestyle for luxury homeowners.

Investment Potential: As Calgary continues to attract high-income professionals and families, the demand for luxury homes shows no signs of slowing. For investors, this represents an opportunity to capitalize on a rapidly growing market.


Thinking About Luxury Real Estate? Let’s Talk!

Whether you’re searching for your dream home or exploring investment opportunities, Calgary’s luxury market is brimming with possibilities. Get in touch today to learn how we can help you navigate this exciting landscape.