Calgary, Canada
Property prices · 2024 · Americas
Property price trend in Calgary (2024–2026)
Property comparison — cities in Canada (2024)
| City | Centre /sqm | Outside /sqm | 1-Bed Rent | vs Calgary |
|---|---|---|---|---|
| Calgary | CAD 5,200 | CAD 3,400 | CAD 1,900 | — |
| Vancouver | CAD 14,500 | CAD 9,500 | CAD 2,800 | +178.8% |
| Toronto | CAD 12,500 | CAD 8,200 | CAD 2,500 | +140.4% |
| Montreal | CAD 6,800 | CAD 4,500 | CAD 1,800 | +30.8% |
| Ottawa | CAD 5,800 | CAD 3,800 | CAD 1,800 | +11.5% |
| Edmonton | CAD 3,800 | CAD 2,500 | CAD 1,400 | -26.9% |
| Quebec City | CAD 3,500 | CAD 2,300 | CAD 1,100 | -32.7% |
Other Americas cities (2024)
Frequently asked questions
How much does property cost in Calgary in 2024?
In Calgary, the average price per sqm in the city centre is CAD 5,200, and CAD 3,400 outside the centre (2024 data). Prices have risen 6.3% since 2024.
How much is rent in Calgary in 2024?
A 1-bedroom apartment in Calgary rents for approximately CAD 1,900 per month in 2024. A 3-bedroom apartment costs around CAD 3,100/month.
Is it better to buy or rent in Calgary?
Buying may offer better long-term value in Calgary. The price-to-rent ratio is 14.0x — it would take approximately 14.0 years of rental payments to equal the property purchase price. Current mortgage rates are approximately 5.30%.
What are mortgage rates in Canada in 2024?
The average mortgage rate in Canada is approximately 5.30% as of 2024. With a price-to-rent ratio of 14.0x, buyers should carefully weigh mortgage costs against rental savings.
What is the price per sqm in Calgary?
The average property price per square metre in Calgary city centre is CAD 5,200 in 2024. Outside the centre, expect to pay around CAD 3,400/sqm.