25 Nov The Cost of a House for Sale in Calgary Canada is Rising
Calgary, Canada, continues to attract buyers and investors with its bustling real estate market. In October 2024, the average selling price of a home was $577,700, marking a 0.8% decrease from the previous month but a 5.2% year-over-year increase. This city offers several property options, from spacious single-family homes to affordable condos, marking its flexibility for buyers. With a blend of natural beauty, economic opportunities, and a fast-growing housing market, Calgary is ideal for homebuyers. In this article, we will take a look at the latest market trends and why now might be the perfect time to find your dream house for sale in Calgary, Canada.
Why Invest in a House for Sale in Calgary, Canada?
Calgary’s real estate market is witnessing shifts that could present an opportunity for a wide spectrum of buyers. Single-family homes remain a cornerstone of the market, with an average price of $681,000 in October 2024. Although slightly down from the previous month, these homes saw a 7.6% year-over-year price increase, reflecting their enduring value. Spacious layouts, modern amenities, and prime locations make single-family homes a great choice for families.
For buyers seeking affordability and convenience, townhouses and multiplex properties provide excellent options. The average price for townhouses in Calgary stood at $464,000 in October, a 7.7% increase from last year. These properties balance community living and personal space and are often located near parks, schools, and shopping centers.
Condo buyers also flock to Calgary’s market, where the average price hit $346,500 in October 2024. Condos saw the highest annual price growth at 10.1%, highlighting strong demand from young professionals and first-time buyers. These properties are perfect for those seeking an urban home with easy access to downtown amenities and public transit.
With October sales exceeding long-term averages, Calgary’s housing market is supported by strong demand across all segments. Additionally, the market remains tight, with just 2.3 months of supply, favouring sellers in many price brackets. Calgary’s real estate market has several opportunities, whether you’re a first-time buyer or an experienced investor.
Find Your Dream Home in Calgary
Ready to explore the housing market in Calgary, Canada? Whether you’re searching for a family-friendly neighbourhood, a modern condo, or an affordable townhouse, we’re here to help you navigate the options. Contact us today to view a home, learn about available listings, or receive advice on finding the perfect property. Be sure to check back with us in December for a recap of all that’s happened this year!