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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)
Sales and new listings slow in August Calgary, Alberta, September 1, 2026 – Consistent with trends throughout most of 2026, both sales activity and the number of new listings coming ...
Calgary Real Estate Board Report Row Sales continued to ease in August compared with last year, contributing to the year-to-date pullback of 15 per cent. Additional new-home supply, ...
Airdrie Report from Calgary Real Estate board Sales continued to trend down in August, contributing to the year-to-date decline of 13 per cent. Easing sales have also been met with ...
Okotoks Report : Calgary Real Estate Board: Further declines in new listings likely limited sales activity in August, as the sales-to-new-listings ratio remained elevated at 81 per ...
Cochrane Sales improved in August, contributing to the year-to-date gain of over five per cent. Much of the gain in sales has been driven by semi-detached activity. New listings also ...
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Find out what your current home is worth in today's market.

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