Mindblown: a blog about philosophy.

In May 2025, Calgary luxury listings began at $1M, versus $4M in Toronto or Vancouver. Calgary’s luxury housing market ↑ 2% yearly, defying declines in Toronto and Vancouver.

Calgary home sales ↓ 17% in May 2025, driven largely by condo and row house slowdowns. Despite the drop, May’s 2,568 sales were still ↑ 11% above Calgary’s long-term avg for the month

Calgary’s Home is Here Strategy is 88% on track to launch all actions by end of 2025. 17 city-owned sites were sold below market, enabling 835 affordable homes; $30.7M created 480 more.

Calgary’s blanket rezoning has driven a sharp rise in new housing and diverse home types. Some residents, however, are concerned about affordability, privacy, and reduced parking in established neighborhoods.

Calgary leads major Canadian cities in price growth, up 7.3% annually, driven by affordability and employment gains. Detached home inventory remains low, keeping upward pressure on prices.

House sales outside Calgary are dropping, with Strathmore down 19.3%—the steepest regional decline so far. High River, Airdrie, Canmore, and Okotoks also saw year-to-date sales fall between 5% and 14.5%.

Alberta home sales ↓ 15.2% yearly in April 2025 after two years of price growth. The slowdown follows an extended upswing, making this decline part of a natural market correction.

Resales jumped over 8% in May after declines. Population growth fuels strong baseline housing demand