Calgary is no longer just Canada’s energy capital—it’s rapidly becoming a leading tech hub. With more than 4,000 tech companies and over 60,000 people employed in the tech industry (according to Calgary Economic Development, 2024), the city is diversifying its economy and attracting national and international attention. This boom in the technology sector is driving new life into Calgary’s real estate market—both residential and commercial.

Tech Talent Is Powering Real Estate Demand

As tech companies expand, Calgary is drawing in young professionals, remote workers, and startups, increasing the demand for modern housing. Popular areas like Beltline, East Village, Kensington, and Mission are becoming hotspots for buyers and renters due to walkability, transit access, and vibrant urban lifestyles.

• Tech job growth: Calgary has seen a 22% increase in tech employment since 2021
• Average tech salary: Now over $90,000 CAD/year, enabling home buying for many first-time purchasers

Revitalizing Downtown with Innovation Spaces

Vacant office spaces in the downtown core—once a byproduct of the oil sector downturn—are now being repurposed into tech campuses, co-working spaces, and incubators. Projects like the Platform Innovation Centre and Calgary Innovation District are examples of the city’s commitment to becoming Canada’s next tech powerhouse.

These changes are improving commercial property values and reintroducing vibrancy into formerly underused districts.

Smart Homes Are in High Demand

With tech-savvy buyers entering the market, there’s growing demand for smart home technology such as:

• Voice-activated lighting and temperature control
• Security systems with mobile access
• High-efficiency energy systems

Homes equipped with these features are selling faster and at premium prices, especially in newer developments and luxury townhomes.

The Investor’s Edge

For real estate investors, Calgary offers a unique combination:

• Affordable property prices compared to Toronto and Vancouver
• High rental yields, especially in tech-focused neighborhoods
• Long-term appreciation driven by economic diversification

As more tech talent and companies move in, the need for both housing and office space will continue to rise—making now a prime time to invest.

Final Thoughts

Calgary’s transition into a tech-forward city isn’t just an economic story—it’s reshaping the very fabric of its real estate market. From revitalized commercial buildings to smart urban living, Calgary is positioning itself as one of Canada’s most dynamic markets for property investment.

If you’re considering buying, selling, or investing in Calgary, it’s worth looking at where tech is leading the way.

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