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Calgary's Luxury Home Market is currently on a strong upward trend, fueled by local and out-of-province buyers. With price appreciation, increasing demand in prestigious neighborhoods, and a growing shift toward larger properties with modern amenities, the market appears healthy, though subject to economic fluctuations. The continued strength of the city’s energy sector will play a pivotal role in maintaining momentum in the luxury segment.
Buyers’ Profile:
Local Affluent Buyers: Many luxury buyers are Calgarians or individuals relocating from within Alberta. There is also significant interest from people coming from Ontario, British Columbia, and international markets.
High Net-Worth Individuals: Calgary has seen an increase in wealth, particularly in oil and gas, technology, and entrepreneurship, which has been driving demand in the luxury market.
Mainly in prestigious Neighbourhoods such as Upper Mount Royal have seen significant demand, with properties ranging from $5 million to nearly $9 million, reflecting the area's status as a cornerstone of Calgary's Luxury market.
Calgary's rapid population growth, fuelled by migration from other provinces, has increased demand for luxury properties, particularly High-end neighbourhoods like Elbow Park, Mount Royal & Aspen Woods.
Calgary has outpaced other major Canadian Cities in Luxury Real Estate growth, with a 15% year-over-year increase in sales of homes priced over $1 million between July & August 2024. (Creb)
Dec. 01, 2025 | CREB Conditions remain relatively balanced as we head into the winter months In line with typical seasonal trends, sales, new listings and inventory levels all slowed ...
Airdrie As per typical seasonal behaviour, sales, new listings and inventory levels all eased over levels reported last month. Overall, both sales and new listings have remained at ...
Cochrane The seasonal monthly pullback in new listings was not enough to prevent November levels from reaching a record high. While sales also remained relatively strong for November, ...
Okotoks Unlike other areas, sales in Okotoks improved compared to last month and were similar to levels reported last year. This in part could be related to the higher level of new ...
Row November sales eased to 257, however, last year was a record high for the month and current sales remain above long-term trends. Where there continues to be more notable shifts ...

Find out what your current home is worth in today's market.

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