The luxury housing market in Calgary is experiencing a powerful resurgence. With renewed interest from local and international buyers, 2025 is shaping up to be one of the strongest years for high-end properties in the city’s recent history.

While affordability continues to drive the majority of Calgary’s real estate demand, the city’s luxury segment—typically defined as homes priced over $1.5 million—is gaining serious traction.

What’s Behind the Momentum?

1. Economic Confidence and a Diversifying Job Market

Calgary’s economic recovery and diversification are playing a major role. With growth in energy tech, professional services, and logistics, the city is attracting high-earning professionals looking to settle in communities that match their lifestyle.

In 2024, Calgary added over 40,000 jobs, particularly in sectors like engineering, IT, and finance. This influx of well-compensated talent has helped sustain higher price brackets—particularly in desirable neighborhoods like Mount Royal, Elbow Park, Britannia, and Springbank Hill.

2. Shift in Buyer Priorities Post-Pandemic

Today’s luxury buyer is more value-conscious and lifestyle-driven. Instead of purchasing for prestige alone, buyers are seeking homes with purposeful design, private outdoor space, and features like home offices, gyms, and wellness rooms.

New custom builds and fully renovated heritage homes are commanding top dollar, especially those offering smart home systems, energy efficiency, and seamless indoor-outdoor living.

3. Inventory Remains Limited

According to CREB’s April 2025 report, luxury inventory in Calgary remains tight, with absorption rates increasing in the $1.5M+ category. Demand is outpacing supply in many inner-city communities, which is keeping prices elevated and creating urgency for qualified buyers.

4. A Competitive Edge Over Vancouver and Toronto

Calgary’s luxury market continues to offer value compared to other major Canadian cities. A $2 million home in Calgary could easily cost $4–5 million in Vancouver or Toronto. This value proposition is drawing buyers from out-of-province—particularly from Ontario and British Columbia—who are looking to upsize or relocate while maintaining a high standard of living.

5. Increased International and Corporate Interest

International investors and corporate relocations are also contributing to the upswing. Many global buyers see Calgary’s high-end real estate as a stable, appreciating asset—especially with the city’s growing tech ecosystem and high quality of life.

Where Are Buyers Looking?

Luxury buyers in Calgary are drawn to:

• Elbow Park & Mount Royal – historic charm with stately homes and established landscaping
• Springbank Hill & Aspen Woods – panoramic mountain views, newer custom builds, and proximity to private schools
• Altadore – modern infills with river valley access and vibrant urban energy
• St. Andrews Heights – elevated lots and exclusive cul-de-sacs near Foothills Medical Centre and the University District

What’s Next for Sellers and Buyers?

For sellers, now is a strategic time to list luxury homes. High demand and limited supply mean serious buyers are willing to compete—especially for move-in-ready or custom-designed properties.

For buyers, preparation is key. Ensure financing is in place and work with an experienced real estate team who understands the nuances of Calgary’s luxury segment. With the right strategy, there are still opportunities to secure long-term value in this growing market.

Final Thoughts

As Calgary matures into a truly global city, its luxury real estate market is no longer under the radar—it’s front and center. Whether you’re a homeowner looking to sell, a buyer planning your dream move, or an investor watching the trends, Calgary’s upscale property landscape in 2025 is dynamic, resilient, and full of opportunity.

To learn more about what Calgary’s bustling real estate market has to offer, contact the Top Calgary Real Estate Team today!

Justin Warthe
Team Lead
403-620-8746
jw@topcalgaryrealestate.com