How New Builds are Affecting Calgary’s Housing Market
Calgary’s population has grown rapidly since 2020. The city became an attractive destination during the pandemic, fueled by the ability to work remotely, an appealing quality of life, and housing prices that were significantly more affordable than those in many of Canada’s largest cities. Fast forward to today and the landscape looks a little different. As our geopolitical and economic environment has shifted over the past two years, Calgary’s housing market has also changed. Prices have largely stabilized and, in some areas, declined from the market peak we saw in 2023. At the same time, national and local immigration