Reports of a hot real estate market in Calgary are not at all exaggerated. In June, the Calgary Real Estate Board reported the average price of a home sold in Calgary in the 2024 year to date was $602,148, a figure that encompassed sales of detached, semi-detached, row and townhouse, and apartment-style homes. The average price showed an increase of 11.43 per cent over the same period in the previous year, with the number of days homes spent on the market decreasing 18.52 per cent, from 27 days in 2023 to 22 days in 2024.
The hot market is being driven, in part, by population growth. According to the City of Calgary, our population increased from 1,347,800 to 1,422,800 between April 1, 2022, and April 2023, and a total of $4.485 million in residential building permits were issued in 2023. Multifamily towers are shooting upward in the inner city, while one hot lap around the ring road provides evidence that Calgary’s suburbs are expanding ever outward. As more and more new and resale homes hit the market for more and more buyers, we wanted to know: just what does the average price of a home in Calgary get you these days?
A 936-sq.-ft., high-rise two-bedroom, two-bathroom home in Victoria Park
Listing Price: $608,000
Year Built: 2016
This southwest-facing corner unit condominium has clear sightlines all the way out to the Rockies from floor-to-ceiling windows. Adjacent to Stampede Park, the building includes amenities such as a gym, workshop, social room and garden terrace, as well as 24-hour security and concierge services. Perhaps the most unique feature, however, is the three dedicated parking spaces — a rarity for an inner-city condominium. Those who relish being in the heart of the action will love having the Greatest Outdoor Show on Earth and its nightly fireworks displays as a neighbour. And, with the planned development of a new arena and transformation of the area into Calgary’s Culture + Entertainment District, the action is only amping up in this up-and-coming community.
An 1,896-sq.-ft., five-bedroom, four-bathroom detached house in Whitehorn
Listing Price: $609,900
Year Built: 1974
Good for a big (or getting bigger) family, this detached home in the established northeast community of Whitehorn is a short drive from Sunridge Mall and its many surrounding restaurants and amenities, including Costco. There’s a front-facing living room on the main floor and a larger family room at the back with a gas fireplace and a sliding door to access the backyard. A large detached garage fits two cars, with space for others to park on the paved driveway. This home’s relative proximity to the airport is highly convenient for people who travel frequently, while a CTrain station along the western edge of the neighbourhood provides an alternative for commuting within the city.
A 1,740-sq.-ft., three-bedroom, three-bathroom townhome in Alpine Park
Listing Price: $610,000
New Build
This modern three-storey townhouse is in the new Alpine Park neighbourhood, located directly across the southwestern leg of the ring road from Fish Creek Provincial Park. The main floor has an office space and garage, while the second floor has the kitchen, dining room and living room in an open-concept floor plan. Ascend to the third floor to find all three bedrooms. The townhouse has an attached two-car garage, but no private backyard, just some outside yard space — in line with the community’s new urbanist-inspired plan, which minimizes fenced backyards and focuses on front-porch social spaces and communal parks.
A 1,070-sq.-ft., four-bedroom, two-bathroom mid-century bungalow in Charleswood
Listing Price: $619,900
Year Built: 1959
Charleswood is a mature “middle-ring” neighbourhood wedged between the University of Calgary and Nose Hill Park — the sprawling prairie preserve that offers some of the best views of the city. Nearby Brentwood Village Shopping Centre has a London Drugs, Safeway, dental office, Pet Planet, Starbucks and more. Instead of a front driveway, the home has a front porch, with two parking spaces in the back, directly behind the shed and adjacent to the fenced backyard, which includes a firepit.
A 1,779-sq.-ft., four-bedroom, four-bathroom duplex in Harvest Hills
Listing Price: $629,000
Year Built: 2019
Harvest Hills and the surrounding neighbourhoods of Coventry, Panorama and Country Hills are known collectively as Northern Hills. This area of Calgary has a ton of amenities within a short drive or walk: the Country Hills Village shopping centre includes Landmark Cinemas, Superstore, Canadian Tire and numerous restaurants. Notre Dame High School is another amenity in the area, as is the Vivo for Healthier Generations recreation facility, while Nose Hill Park, the Country Hills Golf Club and the airport are just a five-plus-minute drive away. Less than five years old, this spacious duplex has a wraparound front-porch balcony and attached garage with a single parking space, with an additional parking space on the paved driveway. Sliding doors from the kitchen and living room open to the backyard patio and open yard space, perfect for enjoying Calgary’s sunny days.
A 1,366-sq.ft., two-bedroom, three-bathroom condo in South Calgary
Listing Price: $619,000
Year Built: 2016
This inner-city condominium has a rooftop patio with western-facing views and is scootering distance from downtown and 17th Avenue S.W. and walking distance from Marda Loop, with shops and restaurants like Chachi’s Sandwich Bar and Village Ice Cream. There’s a nearby park with tennis courts, a skating rink, a public swimming pool and the Giuffre Family Library branch of the Calgary Public Library. The narrow, two-storey condominium has numerous windows that let light in from both the front and back. The two bedrooms on the second floor have a private ensuite bathroom. Importantly, the building’s frame is concrete, which helps prevent sound from travelling between units.
A 1,112-sq.-ft., two-bedroom, three-bathroom row house in Aspen Woods
Listing Price: $579,000
Year Built: 2013
The backyard patio deck is a primary attraction of this three-storey row house in Aspen Woods. The main floor features indoor access to the double tandem garage. On the second floor there is a combined living room, dining area and kitchen. The top floor houses both bedrooms, each with an ensuite bathroom. The property is close to three schools and Aspen Landing, which offers a ton of amenities including a Blush Lane market, a daycare and a range of independent and chain restaurants, jewellers and fashion boutiques. The area’s quick access to Highway 8 is ideal for those who like to explore and recreate in the mountains: from central Aspen Woods, you can drive to Bragg Creek in less than 30 minutes and to Canmore in an hour.
