Calgary Housing Market Trends 2024: What Buyers & Sellers Should Know

By Amneet Kaur – Calgary Realtor, Big Sister Energy, and Your Real Estate Cheerleader

Let’s be honest: the Calgary housing market in 2024 isn’t just numbers and stats—it’s emotions, nerves, dreams, and big decisions wrapped into one.

Whether you’re buying your very first home, thinking about selling the one you raised your kids in, or simply window-shopping for “someday”—you deserve to know what’s really going on in the market right now.

So, here’s the scoop, friend to friend. Let’s break down what’s happening in Calgary’s real estate world—and what it means for you.

1. Homes Are Selling Like Hotcakes (Especially the Good Ones)

Remember when you could sleep on a listing for a few days and decide over the weekend? Yeah... not so much anymore.

In 2024, the supply of available homes—especially detached and well-maintained ones—is still low. But the number of buyers? Still high. That means competition. It’s not chaotic, but it’s definitely fast-paced.

If you’re buying: Be ready to move quickly. The cute house in Evanston you saw Tuesday might not make it to Friday. Let’s make sure your mortgage pre-approval and wish list are crystal clear.

If you’re selling: You’re in a strong spot. Buyers are motivated, and if your home is priced right and presented well, you could get multiple offers—or even above asking.

2. Prices Are Up—But We’re Not in “Bubble” Territory

This year, we’re seeing calm and steady price increases. Nothing wild, just enough to show that the market’s healthy and people are still confident investing here.

On average, prices are up about 6–9% depending on the area and property type.

Townhomes and condos are gaining popularity, especially with first-time buyers and downsizers.

Translation? Calgary is still way more affordable than most big cities in Canada. And you can still find value—you just have to be strategic about it (and maybe a little lucky!).

3. Inner-City Condos Are Cool Again

Yes, really! After a few quieter years, condos in downtown and beltline areas are having a moment.

With more people returning to hybrid work, wanting walkability, or downsizing from big suburban homes, condos are back on the radar. They’re especially popular among first-time buyers and single professionals.

My advice: Not all condos are created equal. Some have hidden maintenance issues or weak reserves. I’ll help you read between the lines (and the condo docs).

4. Interest Rates Have Settled (Take a Breath!)

2023 had a lot of people side-eyeing the Bank of Canada. But 2024 feels more stable. Rates have leveled off a bit, giving buyers the confidence to start searching again.

That means more people jumping back into the market—and more competition for good homes.

Need a game plan? I work closely with some amazing mortgage experts who can guide you based on your income, goals, and comfort zone.

5. Surrounding Communities = Hidden Gems

Not finding what you love in the city? Don’t rule out Cochrane, Airdrie, Chestermere, or even Okotoks.

These areas are growing fast—and for good reason. Bigger lots, peaceful neighborhoods, and often lower price points.

A lot of my clients are surprised at how much more they can afford (and love) when they expand their map just a little bit.

So… What Should You Do With All This Info?

I get it—real estate can feel overwhelming. But you don’t have to figure it out alone.

If You’re Buying:

Start by understanding your budget—not just what the bank says, but what feels right for you.

Don’t try to “time the market.” Time your life.

And work with someone who gets your vibe (that’s me!).

If You’re Selling:

Clean, declutter, and trust the process.

We’ll price it to attract the right buyers—not just any buyer.

And we’ll market it like it’s the star of a Netflix show.

Let’s Chat (No Pressure, Pinky Promise)

Whether you're ready to make a move or just want someone to talk things through with over coffee, I’m here. Real estate should feel exciting—not exhausting. And I’ll make sure of that.

Let’s connect on Amneet kaur Realtor.ca . Big decisions need big heart. Let’s make your 2024 move the move.