Calgary ranked as second best city in Canada to buy real estate
Calgary is a fantastic city to call home, and a new ranking has revealed that YYC is one of the top cities in Canada to buy real estate in, too.
MoneySense has released its 2025 edition of where to buy real estate in Canada, and Alberta had a strong showing among the 44 real estate markets in the report.
Calgary landed in second place with 3.69 stars thanks to a 2024 benchmark home price of $577,367 and a five-year growth of 41 per cent.
On average, homes are less affordable in Calgary compared to those in the report’s other top-five cities and regions, having appreciated about $128,000 over three years. Fortunately, pockets of affordability remain in some Calgary neighbourhoods.
Sales activity slowed in most markets at the beginning of this year, but several western Canadian cities still experienced sales breakthroughs. In January 2025, year-over-year sales surged 25 per cent in Victoria, 12 per cent in Edmonton, and four per cent in Winnipeg. In contrast, year-over-year sales dropped nine per cent in Toronto.
MoneySense
Our pals to the north scored decently high as well, with Edmonton coming in fifth place in the report with a score of 3.44 stars.
“For the first time in years, MoneySense’s top five includes two regions from Alberta. In Calgary and Edmonton, average home prices have risen steadily over the last five years while remaining well below the national real estate average. This has made them attractive destinations for home buyers, particularly for first-timers and those seeking a long-term investment,” says Lisa Hannam, Editor-in-Chief at MoneySense in a news release.
The report was created by Zoocasa, which analyzed data from real estate boards across Canada. Rankings are based on 2024 data collected in early 2025, and interviews were conducted around the same time.
You can view the full MoneySense report online.
If you are in the mood for more real estate stories, take a look at these five Calgary neighbourhoods that are seeing the most overbidding for homes, or this city just outside of Calgary that has seen available inventory shoot up by 170 per cent since last year.