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

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