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Calgary Real Estate Trends 2025: Build-to-Rent and Infill Opportunities in High-Growth Areas

Calgary’s real estate market in 2025 is booming, propelled by robust migration, economic diversification, and innovative housing solutions. Pro Reliance Builds, with 97 successful projects—including 18 multifamily developments, 16 infills, 25 custom homes, and 38 laneway homes—leads the charge in delivering multifamily build-to-rent investments and infill builds for flipping. This blog explores Calgary’s 2025 real estate trends, spotlighting high-growth areas like Altadore and Mount Pleasant, detailed pricing, and the surge of interprovincial migration fueling opportunities for investors and developers.

A Thriving Market Driven by Migration

Calgary’s economy is soaring with a projected 3.2% growth in 2025, driven by tech, healthcare, and energy sectors. Alberta’s population grew by 4.4% in 2024, reaching 5 million, with Calgary welcoming 26,662 net interprovincial migrants in 2023–2024. Statistics Canada reports Alberta gained 56,245 net interprovincial migrants in 2023, the highest ever recorded, with 38,236 from Ontario and 37,650 from British Columbia contributing significantly. In Q3 2024, Calgary recorded a net migration surplus of 20,000, the highest among Canadian cities, with 8,820 Torontonians relocating. This influx of young professionals and families boosts demand for multifamily rentals and infill properties, creating a vibrant market for Pro Reliance Builds’ expertise.

High-Growth Areas: Pricing and Opportunities

Calgary’s inner-city and suburban neighborhoods are hotspots for investment, with multifamily build-to-rent and infill flipping driving wealth creation:

  • Altadore: This upscale inner-city area saw detached home benchmark prices soar to $1,050,000 in March 2025, up 8.2% year-over-year, with semi-detached homes at $820,000, up 6.5%. Infill flips yield 15–20% profits, while 2-bedroom rentals command $1,800/month, offering 12–15% yields.
  • Mount Pleasant: A hub for infill development, Mount Pleasant’s detached homes reached $875,000, up 7.8%, with condos at $395,000, up 5.3%. Infill flips generate 18% returns, and build-to-rent suites average $1,600/month, delivering strong cash flow.
  • Mahogany: This suburban standout boasts detached homes at $925,000, up 6.1%, with 110 sales in 2025, up 15%. Multifamily rentals at $1,700/month attract families, ensuring stable tenancy.
  • Aspen Woods: Luxury homes hit $1,200,000, up 5.5%, with townhouses at $550,000, up 8%. Build-to-rent units yield $2,000/month, capitalizing on high-end demand.

Market Segments: Multifamily and Infill Focus

Sales Trends

Calgary’s average home price climbed to $639,458 in March 2025, up 7.3% year-over-year, with detached homes at $760,500 (5% increase), semi-detached at $683,500 (7% increase), townhouses at $446,800 (6.2% increase), and condos at $342,100 (2.3% increase). April 2025 saw 2,236 sales, with mid-range segments ($300K–$499K) leading at 1,200 transactions. Infill properties in Altadore and Mount Pleasant are prime for flipping, with renovated homes selling 15–20% above purchase price, fueled by migration-driven demand.

Rental Market

Calgary’s rental market thrives, with 2-bedroom units averaging $1,600 in 2025, and high-demand areas like Altadore and Mount Pleasant fetching $1,600–$1,800 for modern suites. Multifamily build-to-rent projects offer investors 12–15% yields, supported by CMHC’s MLI Select Program for low-interest financing. The addition of 1,466 apartment units in February 2025 strengthens supply, ensuring tenancy stability for build-to-rent portfolios.

Construction and Development

New construction is flourishing, with 23,700 units under development in 2025, 61% apartments, driven by 2024 R-CG zoning reforms that ease approvals for multifamily and infill projects. Altadore completed 150 infill units in 2024, Mount Pleasant 100, and laneway homes surged 30% in permits, averaging $250,000 per build. Pro Reliance Builds’ expertise in navigating zoning and delivering turnkey projects positions investors for success in these high-growth areas.

Investment Opportunities

Calgary’s 2.8% CAGR over the past decade underscores its investment potential. Multifamily build-to-rent in Altadore, Mount Pleasant, and Mahogany delivers cap rates of 5–7%, with rental demand soaring due to migration. Infill flipping in Killarney and Bridgeland yields 15–20% profits, as renovated properties capitalize on Calgary’s affordability compared to Vancouver ($1,208,400 average) and Toronto ($1,082,496). The Bank of Canada’s 2.75% rate enhances financing accessibility, amplifying returns.

Why Pro Reliance Builds?

With 97 projects completed, Pro Reliance Builds excels in crafting multifamily build-to-rent developments and infill builds for flipping across Calgary’s high-growth areas. Our mastery of zoning, financing, and construction delivers unparalleled value, backed by 1-year workmanship and 5-year structural warranties. From Altadore’s luxury rentals to Mount Pleasant’s profitable infills, we transform market trends into investor success.

Capitalize on Calgary’s 2025 Boom

Join Calgary’s real estate surge with Pro Reliance Builds. Call 587-930-9289 for a complimentary consultation or download our Investment Guide at pr-builds.ca to unlock multifamily and infill opportunities in 2025.

Start Your 2025 Investment Project

Get in touch to explore build-to-rent or infill development opportunities tailored for Calgary’s high-growth zones. Our team will guide you from concept to completion.