Calgary home prices are soaring.

 

Individuals looking for an affordable property in Calgary are frustrated. Because city house costs are rapidly rising. According to the Calgary Housing Needs Assessment report, Calgary's housing problem intensifies as prices rise. According to the survey, the cost of purchasing a detached home has risen by 37% in the last three years. This property costs $156,000 per year to maintain. A minimum of $84,000 is required to afford the median rent in 2023. It was $67,000 in 2022. According to the estimate, there will be 84,600 households in need of homes in 2021.