Calgary has been named one of the best places to buy real estate in Canada

The Calgary real estate market is one that many people are looking to get into, and one new ranking found that YYC has landed in the top 10 places to buy in Canada.

Money Sense and Zoocasa combined the top 45 regions in the country to buy real estate, with Calgary landing at No. 8, the only place in Alberta to crack the top 10 regions.

In 2023, the benchmark real estate price in Calgary was $541,175, below the national average of $193,000; however, it increased 6% over the previous year, 31% over three years, and 27% over five years.

Spots in New Brunswick took the top two spots, with Great Moncton in first, followed by St. John.

Our neighbors to the north also made the list, with Edmonton coming in at #17.

Money Sense added that overall real estate activity in 2023 was relatively stable across the country, with the exception of the spring when Canadians began to feel the rush to buy.

“After years of unprecedented competition, 2023 has ushered in a slowdown in the home buying process. Motivated buyers had the opportunity to carefully consider and negotiate at a measured pace,” says Carrie Lysenko, CEO of Zoocasa.

“As prices fall and forecasts suggest lower interest rates, buyers on the sidelines will be more optimistic.”

Money Sense says it used data from Statistics Canada, CREA, Nova Scotia Association of Realtors (NSAR), Toronto Regional Real Estate Board (TRREB), Edmonton Association of Realtors (RAE), Calgary Real Estate Board (CREB), Greater Vancouver Realtors. GVR) and WalkScore identify the best places to buy real estate.