According to a new report from Re/Max Canada, Calgary has had the fastest population growth among major Canadian cities over the past three decades, with its population increasing by more than 120 per cent from 1994 to 2024. However, the city’s housing market has remained relatively stable, unlike Toronto and Vancouver.

The median home price in Calgary has risen from $136,000 in 1994 to $607,000 in 2024, a reasonable increase, while Toronto has seen a price increase of more than 430 per cent over the same period.

Experts believe this balance is due to abundant job opportunities, high immigration and a moderately priced housing market, which have made Calgary one of the most attractive cities in Canada to live and invest in.

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