House prices in Calgary have surged by nearly $120,000 in just three years
If you managed to buy a house in Calgary earlier this decade, you made the right decision, with prices in our city shooting up by nearly $120,000 over the past few years.
Canadian real estate company Zoocasa looked at the lowest spring home prices in major markets from March and April over the past three years and compared them to April 2025 values to see where early buyers gained equity.
The largest winners in Canada who bought earlier this decade were in Quebec, and Calgary came in eighth place with the average home price in YYC in April 2022 coming in at $543,820. Spring forward to April 2025, and the average home price in the city sat at $663,496, a whopping $119,676 price difference.
Zoocasa
When it came to cities where potential buyers saw success staying on the sidelines during buying frenzies earlier this decade, it sure paid off for some.
In Hamilton–Burlington, buyers who waited until 2025 paid an average of $218,164 less than those who purchased during the 2022 spring peak. In the Fraser Valley, the average price declined by a whopping $196,623 over the same period, and by $192,505 in Greater Toronto.
While we are on the topic of property and buildings, check out this dazzling new hotel that is being built right beside Calgary’s BMO Centre, or this “overlooked” Alberta city touted as the place to move to if you want to save money.
If you are interested in where some of the hottest neighbourhoods in Calgary are right now, we’ve got you covered on that, too.