Calgary's million-dollar market grew while the wider market shrank.
The luxury market is the one part of Calgary that behaved the opposite way this year, and it is worth understanding why before anyone reads it as strength across the board. Growth at the top is coming from people arriving with equity from another province, not from Calgary buyers moving up. The other thing sellers above two million need to hear is the supply number: 7.7 months of inventory above three million is not a seller's market, whatever the sales growth says. At that level you are waiting for one specific buyer.
— Crystal Tost, REALTOR®, Calgary real estate since 1997
Luxury here means price threshold only. A sale is counted in a tier if it closed at or above that price. No judgement is made about finish, architecture, lot or prestige, and no home is described as luxury on any basis other than what it sold for.
| Threshold | Sales | Change | Median | Days on market | Active | Months of supply |
|---|---|---|---|---|---|---|
| $1,000,000+ | 2,151 | +6.1% | $1,276,529 | 39 | 685 | 3.8 |
| $1,500,000+ | 681 | +12.0% | $1,910,000 | 40 | 267 | 4.7 |
| $2,000,000+ | 297 | +22.2% | $2,499,900 | 43 | 135 | 5.5 |
| $3,000,000+ | 75 | +25.0% | $3,715,000 | 52 | 48 | 7.7 |
The most useful number in this report is not the sales growth, it is the supply curve. Months of supply rises from 3.8 at the entry to luxury to 5.5 above $2M and 7.7 above $3M. Sales growth and slow selling conditions are not contradictory: more homes are trading at these prices than a year ago, and each one still takes a long time to find its buyer.
For context, four months of supply is generally regarded as a balanced market. On that measure the entry tier of Calgary luxury is roughly balanced, and everything above $2M favours buyers — regardless of the growth in transaction counts.
151 Calgary communities recorded at least one sale above $1M. These are the most active, with a minimum of 15 such sales.
| Community | Sales above $1M | Median | Days on market |
|---|---|---|---|
| Altadore | 101 | $1,310,000 | 32 |
| West Springs | 84 | $1,256,000 | 28 |
| Aspen Woods | 80 | $1,542,500 | 27 |
| Springbank Hill | 74 | $1,600,000 | 41 |
| Killarney/Glengarry | 67 | $1,144,278 | 45 |
| West Hillhurst | 63 | $1,398,888 | 37 |
| Mahogany | 59 | $1,250,000 | 56 |
| Elbow Park | 57 | $2,645,000 | 30 |
| Richmond | 57 | $1,200,000 | 41 |
| Lake Bonavista | 49 | $1,210,000 | 23 |
| Cranston | 48 | $1,230,000 | 41 |
| Upper Mount Royal | 38 | $2,482,500 | 35 |
| Varsity | 38 | $1,307,500 | 35 |
| Hillhurst | 36 | $1,287,500 | 28 |
| Mount Pleasant | 36 | $1,166,250 | 41 |
| Property type | Sales | Median |
|---|---|---|
| Detached | 1,715 | $1,317,000 |
| Semi Detached (Half Duplex) | 275 | $1,139,000 |
| Apartment | 75 | $1,300,000 |
| Full Duplex | 29 | $1,100,000 |
| Row/Townhouse | 28 | $1,352,500 |
| Residential Land | 27 | $2,205,000 |
| Mixed Use | 1 | $1,280,000 |
| Triplex | 1 | $2,370,000 |
Full definitions, sample-size floors and the limits of this dataset: how our research is calculated.
Free to cite and quote. Attribution appreciated, no link required.
Report: Calgary Luxury Real Estate Report
Reporting period: October 2025 – September 2026
Underlying source: MLS® sales data
URL: https://www.calgarylistings.com/calgary-luxury-real-estate-report/
Suggested attribution:
CalgaryListings Group analysis of MLS® sales data, Calgary Luxury Real Estate Report (October 2025 – September 2026).
https://www.calgarylistings.com/calgary-luxury-real-estate-report/Journalists can request the underlying figures or comment through our media page.