Data: February 21, 2025, Calgary's luxury real estate market has demonstrated remarkable resilience and growth over the past year. In 2024, the city led Canada in luxury home sales, with transactions over $1 million increasing by 46% year-over-year. Notably, sales of properties exceeding $4 million doubled during the same period. (Creb)
Key Factors:
Buyer Migration: Calgary experienced significant population growth, with many new residents relocating from larger Canadian Cities. This influx has bolstered demand in the Luxury housing sector especially.
Affordability & Value: Compared to markets like Toronto & Vancouver, Calgary offers more accessible Luxury Home prices, attracting buyers seeking better value.
Market Highlights:
Single-Family Homes: In 2024, single-family homes accounted for 82% of luxury transactions over $1 million, with sales increasing by 34% year-over-year.
Attached Homes: This segment saw a significant surge, with sales over $1 million rising by 130% compared to the previous year.
Condos: Luxury condo sales over $1 million experienced a 31% year-over-year increase, indicating growing confidence in this market segment.
Industry Experts anticipate that Calgary's Luxury real estate market will continue to grow in 2025, albeit at a more moderate pace. The entry-level price for Luxury Homes is expected to shift to the $1.5 million to $2 million range. Factors such as a favourable financing environment, economic growth outpacing the national average & a larger population base are projected to support this trend.
Summary: Calgary's Luxury Real Estate market has experienced substantial growth, driven by inter-provincial migration & relative affordability. While the market is expected to stabilise with slower growth in 2025, it remains an attractive option for Luxury Home Buyers.
For Expert Guidance in navigating the Just Listed Luxury Calgary Real Estate Market, consider reaching out to Stewart J. Lowe, an award-winning realtor with over 23 years of experience. In 2010, he became a Certified Guild Member of The Institute for Luxury Home Marketing, recognised for his proven sales and exceptional client service. Stewart is known for his friendly, warm, and professional approach, ensuring a seamless real estate experience. Why not request a no-obligation Marketing Consultation
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***As a Guild Member of The Institute for Luxury Home Marketing™ Team Leader Stewart J Lowe is part of an International Network of Real Estate Professionals who specialise in the Luxury Market. With the back-up of the Institute it makes sense for us to represent you, why not request a no obligation Marketing Consultation!
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THE BUYERS AGENT
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