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Calgary real estate market sizzles as newcomers flock to Alberta

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As newcomers continue to flood into Alberta, Calgary\u0027s real estate market has become the hottest in Canada this summer. Read more.

started picking up steam again this spring, home sales nationwide in May — the most recent month for which national statistics are available — were up just 1.4 per cent year-over-year, compared with Calgary’s 11 per cent.

“And how strong activity has been even in the upper ranges, in spite of the interest rate increases.”is outperforming the rest of the country is that it has more room to grow. But with the higher commodity prices that began last year in the wake of the invasion of Ukraine, the city’s oil-and-gas-based economy is rebounding.

“A lot of that growth coming into Alberta is funnelling into Calgary. Calgary’s market is performing more than other markets ,” Lurie said.

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