Canada's fastest-growing city, $0 land transfer tax, and booming economy — why buyers are flocking to Calgary.
Calgary is arguably the most compelling real estate story in Canada heading into 2026. A combination of strong in-migration, a diversifying economy no longer purely dependent on oil prices, and Alberta's unmatched tax advantages — including zero provincial income tax on lower incomes, zero land transfer tax, and no PST — have made Calgary a magnet for affordability-seeking Canadians from BC and Ontario.
Calgary added over 50,000 new residents in 2024–2025, driving housing demand well ahead of supply. New construction is ramping up, but the pipeline lags demand. The result: benchmark prices hit all-time highs in late 2025 before cooling slightly into 2026 as rate cuts and new supply provided some relief. Calgary still offers the best affordability among Canada's major cities on an income-adjusted basis.
| Property Type | Median Price | YoY Change | Avg Days on Market |
|---|---|---|---|
| Detached (Calgary) | $685,000 | +5.8% | 20 |
| Semi-Detached | $580,000 | +6.2% | 18 |
| Townhouse/Row | $475,000 | +7.1% | 16 |
| Condo Apartment | $335,000 | +9.3% | 22 |
| Airdrie (Suburb) | $565,000 | +8.0% | 25 |
Alberta is one of the only provinces with NO land transfer tax. On a $685,000 home, you save approximately $8,750 compared to an Ontario buyer — that's money back in your pocket at closing.
Alberta has $0 land transfer tax. This calculator estimates your other closing costs.
Calgary's resale market regularly sees homes sell within days of listing, particularly for townhouses and semi-detached properties under $600,000. Having your mortgage pre-approval in place before you start shopping is essential. Conditions waivers are common in competitive offers.
Calgary has a robust new construction market with major builders in communities like Seton, Evanston, Livingston, and Glacier Ridge. New builds often come with builder incentives (free upgrades, rate buydowns) that can offset the premium over resale. The GST/HST New Housing Rebate (36% up to $6,300) applies to new homes under $450,000.
Alberta's lack of provincial sales tax saves buyers on legal fees, home inspections, appliances, renovations, and virtually every service purchase after closing. This ongoing saving of 5–10% on services adds up significantly over ownership.
Multiple-offer situations are routine in desirable communities. Work with a buyer's agent who has strong access to pre-list activity, and be prepared to act decisively. An unconditional offer on a pre-inspected listing is common in the sub-$700K range.
With no land transfer tax, your savings go further in Alberta. Use KOHO to maximize your down payment savings with a high-interest account and no fees.
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