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Housing market and projections

Housing prices have remained stable over the past several years and Airdrie continues to offer a more affordable environment over neighbouring Calgary.

Housing demand has helped diversify the type of homes being built in Airdrie. The demand for multi-family housing has been strong and the market has responded with several new developments under construction.

 20222021202020192018
Number of dwellings 29,139 28,175 27,120 26,574 26,924
Total residential sales 2,941  2,475 1,922 1,657 1,905
Average sale price $462,561 $414,259  $384,412 $392,269 $401,800

Source: City of Airdrie Assessment

View construction/building permit statistics

Housing projections

 2023202820332038
Housing (dwelling units) projection 23,980 26,802 29,805 32,840
Cumulative increase from 2008 11,288 14,103 17,106 20,141

Source: Airdrie Comprehensive Growth Strategy 2008

New residential developments

A number of new residential developments have been approved in Airdrie. They are in differing stages of development.

Name of DevelopmentPhaseProposed # of Single Family Units (R1/R2)Proposed # of Multi-Family Units (R2-T/R3/R4/R5)Total Number of Proposed Units
Bayview 1 102 0 102
Chinook Gate 4A 52 0 52
Cobblestone Creek 1 73 66 139
Cobblestone Creek 2 142 0 140
Cobblestone Creek 3 144 31 175
Coopers Crossing 28B 40 0 40
Coopers Crossing 30A 42 0 42
Coopers Crossing 30B 50 0 50
Georgetown 2 0 32 32
Lanark 1 118 45 163
Lanark 2 125 20 145
Midtown 3 96 0 96
Midtown 5 82 9 91
Midtown 6 99 0 99
South Point 2 69 36 105
South Windsong 7 55 40 95
South Windsong 8 74 14 88
South Windsong 9 21 5 26
Windsong 12 0 3 3

Source: approved Neighbourhood Structure Plans and development permits, City of Airdrie Planning and Development - updated as of Jan. 2019