Calgary home prices are soaring as demand for homes outstrips supply, Royal Le Page reports. In the second quarter of 2024, the average price of a home in Calgary increased by 7.9 per cent to $694,000, the report said. The report pointed out that prices of single-family detached houses in the city are skyrocketing. An annual increase of 8.3 percent to $797,200. The median price of a condo apartment increased 8.6 percent to $273,600 during the same period.
Meanwhile, the total price of a home across the country rose 1.9 percent year-on-year to $824,300, Royal Le Page said in a report.