A preliminary city budget scenario proposed a ~15% municipal property tax increase next year for a typical Calgary home assessed at the median $706K.
With projected utility fee changes included, homeowners would pay ~$52 more monthly next year, rising to ~$56 more monthly in the following year.
City officials said added revenue was needed for inflation, population growth, and aging infrastructure, while emphasizing the released figures were preliminary, not final budget decisions.
Officials said keeping tax growth below ~4% would reduce service levels, while ~4% would defer future pressure on infrastructure, emergency response, and transit growth.
A ~20% increase was presented as the level tied to improved city services, and city administration plans to bring council a draft budget in Mid-Q4.

As a born-and-raised Calgarian who’s spent nearly two decades guiding families through this city’s evolving real estate market, I always pay close attention to the numbers behind the headlines. The latest year-end outlook projects Calgary home prices to rise between 1% and 2% by late Q4 2026. That’s a notable show of resilience—especially considering that the broader national forecast has been dialed back after a softer third quarter. Higher borrowing costs and ongoing economic uncertainty have kept many buyers on the sidelines, giving those who are actively searching a bit more negotiating power. Yet, despite these headwinds, Calgary stands out: our market is still expected to see price gains even when others are slowing down. This echoes what I’ve seen firsthand—whether you’re navigating your first purchase, eyeing an investment, or looking for a place with renovation potential, Calgary’s housing market continues to offer opportunity for those who know where to look.

Every quarter brings its own story in Calgary real estate, and as someone who's guided families through this market for 18 years, I’ve seen how subtle shifts can create new opportunities—and new questions. In late Q3, Calgary’s residential benchmark reached $566,700, with sales dipping about 4% year-over-year to 1,650 and new listings down roughly 11%. This signals a gentler market pace, giving buyers more breathing room to weigh their choices. Inventory was measured at 6,500 homes (about 6% lower than last year), and supply hovered around 4 months—enough for those who want to compare before deciding.

Detached and semi-detached homes held their ground: detached sales edged up 4% (896 homes sold), semi-detached rose 5% (163 homes), with prices steady at $739,400 and $685,200. Meanwhile, higher-density options like row homes and apartments felt more pressure—row home sales dropped 18%, apartments 14%, with benchmarks at $412,400 and $291,400 respectively. It’s worth noting a lot of the recent construction boom has focused on these property types, which helps explain the market split.

Having built my business on repeat clients and referrals, my aim is always to translate these numbers into real-life clarity for Calgarians—whether you’re searching for your first home, weighing an investment, or considering a renovation. The market may be cooling, but knowledge is always empowering.

Proudly offered by its original owner, this beautifully maintained home offers over 2,400 sq. ft. of above-grade living space in a peaceful setting backing directly onto municipal green space and mature trees. Recent improvements exceeding $26,000 provide added peace of mind, including Poly-B plumbing replacement, sump pump installation, weeping tile work, driveway and roof repairs, and furnace servicing. Additional mechanical features include dual high-efficiency furnaces (2020), an updated hot water tank and two humidifiers. Elegant curb appeal showcases extensive stone detailing and aluminum-clad window trim. Inside, a grand foyer opens to an impressive living room with soaring vaulted ceilings, while the formal dining room features a distinctive hand-trowelled ceiling with decorative detailing. Double French doors connect the dining room to the kitchen, and rich oak flooring adds warmth throughout the main level. The inviting family room features a fireplace framed by custom cabinetry and built-in bookshelves. A spacious main-floor office with built-in cabinetry is ideal for working from home. The family-sized kitchen offers custom solid oak cabinetry, granite countertops, a walk-in pantry, and a newer gas range with downdraft ventilation and dishwasher (both 2023). A convenient wet bar between the kitchen and family room makes entertaining effortless. Upstairs, double doors introduce the spacious primary retreat, complete with two walk-in closets and a luxurious five-piece ensuite. Two additional generously sized bedrooms and a four-piece bathroom complete the upper level. The basement offers over 1300 sq. ft. of additional development space, with a bathroom rough-in, ready for your future plans. Main-floor laundry includes a stacked washer and dryer, sink and dedicated folding area. Wired surround sound and a wired security system add further convenience. Enjoy the private deck and patio surrounded by mature trees, with municipal green space directly behind. With timeless craftsmanship, generous living spaces, substantial recent investment and public transit just steps away, this is a wonderful opportunity to own a quality home in an exceptional setting.