Calgary's real estate market is rapidly growing yet remains more affordable than Vancouver or Toronto. The average home price rose from about $565,100 in 2025 to over $620,000 in early 2026. Population growth and interprovincial migration drive strong housing demand, with over 26,000 sales in 2025 and a 12% sales increase year-over-year. Limited supply, especially of detached homes, keeps prices rising. Homeownership rates exceed the national average, and affordability remains better than most major Canadian cities. The market is expected to stay strong with moderate price growth.