Calgary’s Luxury Housing Market Defies National Trends, Attracting Buyers from Across Canada

Calgary’s luxury real estate market remains strong, attracting out-of-province buyers due to its relative affordability compared to Toronto and Vancouver. While luxury home sales dropped in Vancouver and Toronto, Calgary saw a 2% increase in $1 million-plus home sales. Limited housing supply and steady in-migration support demand. Luxury condo sales also rose 13%, reflecting the city’s appeal as a stable, smart investment amid national market caution.