Calgary Has More New Homes For Sale Than Toronto: Where Canada's New-Build Supply Actually Is

Calgary has more new homes you can actually buy right now than Toronto does. Not more projects, Toronto has nearly three times as many on the books, but more that are still selling: 148 against 124. That gap is the clearest picture we have of something the usual housing numbers miss. Sales data tells you what changed hands last month. It does not tell you how much of what got launched is still available. We track 4,500 pre-construction projects across Ontario, British Columbia and Alberta, and 65% of them are already sold out. This report shows where the rest is, what it costs per square foot, and which markets have quietly run out of things to sell.

Key findings

• Calgary has 148 new-build projects actively selling. Toronto has 124, from a tracked pipeline 2.7 times larger (705 projects versus 264).
• 65% of the 4,500 pre-construction projects in this dataset are already sold out. Only 1,301 are buyable today.
• $500,000 buys 1,462 sq ft of new build in Calgary and 360 sq ft in Toronto. Edmonton buys 1,778.
• Alberta is the only province where more than half the pipeline is still available (57%), against Ontario's 25% and British Columbia's 22%.
• Vancouver is the tightest large market in the country: 298 projects tracked, 49 selling, 16% available.
• The national forward pipeline, projects in registration with pre-sales not yet open, is 254 projects. Alberta accounts for 10.

Data: Developments.ca pre-construction tracking, 4,500 projects across Ontario, British Columbia and Alberta, pulled 2026-07-26. How to cite: "Developments.ca pre-construction availability data, July 2026."

What this dataset measures that sales figures do not

Most housing coverage is built on transactions: how many homes sold, at what average price, versus last year. That is the right tool for the resale market, where supply is whatever owners choose to list this month. It is the wrong tool for new construction, where a project launches once, sells over months or years, and then closes. A pre-construction market can look healthy on sales volume while having almost nothing left to sell.

This dataset measures the other side. Every project Developments.ca tracks carries a status: selling now, sold out, or in registration, meaning launched but with pre-sales not yet open. Counting those statuses answers a question sales data cannot: of everything a market has launched, how much can a buyer still get into today?

The answer nationally is 29%. Of 4,500 tracked projects, 1,301 are selling, 2,945 are sold out, and 254 sit in registration. That 65% sold-out share is the backdrop for every city number below, and it is why availability, not price, is the constraint most buyers hit first.

Calgary has more new homes selling than Toronto

Toronto has launched 705 pre-construction projects in this dataset, more than any other market in the country by a wide margin. 522 of them are sold out. 124 are still selling. That is 18% availability, and it means roughly four of every five projects Toronto has ever launched are closed to new buyers.

Calgary has launched 264, a pipeline 2.7 times smaller. 148 of them are selling. That is 56% availability, and it is more live projects in absolute terms than Toronto has, from a quarter of the launches.

The two cities are not selling the same product, and this is not a claim that Calgary's market is bigger. Toronto's pipeline is overwhelmingly high-rise condo; Calgary's carries far more ground-related housing. The point is narrower and harder to argue with: a buyer walking into each market today finds more open doors in Calgary. Edmonton makes it a pattern rather than a Calgary quirk, with 80 of its 175 projects selling, 46% availability.

Availability by market, share of the tracked pipeline still selling:

• Calgary, Alberta: 264 projects tracked, 148 selling, 56% available
• Ottawa, Ontario: 87 projects tracked, 42 selling, 48% available
• Edmonton, Alberta: 175 projects tracked, 80 selling, 46% available
• Coquitlam, British Columbia: 116 projects tracked, 40 selling, 34% available
• Markham, Ontario: 93 projects tracked, 29 selling, 31% available
• Surrey, British Columbia: 186 projects tracked, 54 selling, 29% available
• Mississauga, Ontario: 82 projects tracked, 23 selling, 28% available
• Oakville, Ontario: 90 projects tracked, 24 selling, 27% available
• Kitchener, Ontario: 60 projects tracked, 13 selling, 22% available
• Richmond Hill, Ontario: 93 projects tracked, 18 selling, 19% available
• Brampton, Ontario: 118 projects tracked, 22 selling, 19% available
• Toronto, Ontario: 705 projects tracked, 124 selling, 18% available
• Vaughan, Ontario: 123 projects tracked, 21 selling, 17% available
• Vancouver, British Columbia: 298 projects tracked, 49 selling, 16% available
• Burnaby, British Columbia: 97 projects tracked, 15 selling, 15% available
• Victoria, British Columbia: 65 projects tracked, 10 selling, 15% available
• North Vancouver, British Columbia: 69 projects tracked, 10 selling, 14% available
• Hamilton, Ontario: 102 projects tracked, 14 selling, 14% available
• Richmond, British Columbia: 64 projects tracked, 9 selling, 14% available

What $500,000 buys, market by market

Availability is only half of what a buyer is deciding. The other half is what the money reaches. Holding the budget fixed at $500,000 and dividing by each market's median new-build price per square foot turns nineteen different price levels into one comparable number: floor area.

$500,000 buys 1,778 sq ft of new build in Edmonton, 1,462 in Calgary, and 360 in Toronto. Toronto and Edmonton are the two ends of a 4.9 times range inside a single country. Vancouver, at 397 sq ft, sits beside Toronto rather than beside the rest of British Columbia, and Mississauga at 434 sq ft is tighter than Vancouver's own suburbs.

Ottawa is the number most Ontario buyers will not expect: 1,392 sq ft, within five percent of Calgary, in the same province as Toronto. Kitchener at 1,169 sq ft makes the same case a little further down the 401.

New-build square feet per $500,000, by market, from each market's median price per square foot:

• Edmonton, Alberta: 1,778 sq ft, median $281 per sq ft
• Calgary, Alberta: 1,462 sq ft, median $342 per sq ft
• Ottawa, Ontario: 1,392 sq ft, median $359 per sq ft
• Kitchener, Ontario: 1,169 sq ft, median $428 per sq ft
• Brampton, Ontario: 941 sq ft, median $531 per sq ft
• Hamilton, Ontario: 895 sq ft, median $559 per sq ft
• Richmond Hill, Ontario: 802 sq ft, median $624 per sq ft
• Oakville, Ontario: 801 sq ft, median $625 per sq ft
• Vaughan, Ontario: 754 sq ft, median $663 per sq ft
• Victoria, British Columbia: 688 sq ft, median $726 per sq ft
• Markham, Ontario: 660 sq ft, median $758 per sq ft
• Surrey, British Columbia: 654 sq ft, median $764 per sq ft
• Coquitlam, British Columbia: 582 sq ft, median $859 per sq ft
• Burnaby, British Columbia: 542 sq ft, median $923 per sq ft
• Richmond, British Columbia: 484 sq ft, median $1,032 per sq ft
• North Vancouver, British Columbia: 440 sq ft, median $1,135 per sq ft
• Mississauga, Ontario: 434 sq ft, median $1,151 per sq ft
• Vancouver, British Columbia: 397 sq ft, median $1,260 per sq ft
• Toronto, Ontario: 360 sq ft, median $1,387 per sq ft

Price per square foot here is calculated at the unit level, from every available floor plan's own price and size, then taken as a median. It is not a project's starting price divided by its smallest unit, which mixes two different homes together and pushes the figure up by a fifth or more.

The three provinces are in different markets, not different moods

Rolling the cities up by province separates a price story from a supply story.

British Columbia is the most absorbed pipeline in the country: 1,351 projects tracked, 971 sold out, 72%. It is also the most expensive, at a median $826 per square foot. Ontario is close behind on absorption at 68% sold out across 2,485 projects, at $559 per square foot.

Alberta is the outlier on both axes. 664 projects tracked, 273 sold out, 41%. It is the only province in this dataset where a majority of the pipeline, 57%, is still buyable, and at $330 per square foot it is the cheapest by a wide margin. Alberta's pipeline is 27 percent the size of Ontario's and carries 62 percent of Ontario's live supply: 381 selling projects against 617.

Pipeline status by province:

• British Columbia: 1,351 projects tracked; 971 sold out (72%); 303 selling now; 77 in registration; median $826 per sq ft
• Ontario: 2,485 projects tracked; 1,701 sold out (68%); 617 selling now; 167 in registration; median $559 per sq ft
• Alberta: 664 projects tracked; 273 sold out (41%); 381 selling now; 10 in registration; median $330 per sq ft

The forward pipeline is thinner than the sold-out share suggests

Registration is the stage before a project opens pre-sales: launched publicly, taking interest, not yet transacting. It is the closest thing this dataset has to a leading indicator, because today's registrations are next year's available supply.

Nationally there are 254 projects in registration against 2,945 already sold out. Ontario holds 167 of them, British Columbia 77, Alberta 10.

Read alongside the availability numbers, those figures point in opposite directions by province. Ontario and British Columbia have little left to sell now and a comparatively deep queue behind it. Alberta has plenty to sell now and almost nothing queued: 10 projects in registration against 381 actively selling. Alberta is drawing down supply it already launched rather than adding to the line. If that persists, today's Alberta availability advantage is a window rather than a permanent feature, which is a reason for a buyer to treat it as time-limited and a reason for anyone forecasting Alberta supply to watch the registration count rather than the sold-out share.

What this means if you are buying

If your budget is fixed and your city is not, the availability and square-footage tables are the same decision viewed twice. Calgary and Edmonton give you both more open projects and three to five times the floor area per dollar. Ottawa and Kitchener are the Ontario versions of that trade at a smaller discount.

If you are buying in Toronto or Vancouver, treat availability as the binding constraint rather than price. At 18% and 16% availability, most of what you will find in listings and articles is already closed. The practical move is to work from what is currently selling rather than from a general search, and to move faster on the projects that are.

If you are considering Alberta, the registration numbers matter as much as the price. 10 projects in registration against 381 selling means the current breadth of choice is being consumed and not replaced at the same rate.

In every market, verify status before you fall for a floor plan. Sold-out share moves, and a project that was selling at the last data pull can close between pulls. Live availability by city sits on the market pages for Calgary, Edmonton, Vancouver and Toronto. For the Toronto condo pricing picture in depth, see our Toronto condo market report, and for how the GTA splits between condos, townhomes and detached houses, see the GTA new-build market report. New to pre-construction? Start with our guide to buying new pre-construction homes in Canada.

Method and limitations

The dataset is every pre-construction project Developments.ca tracks, 4,500 after deduplication, pulled 2026-07-26. Availability comes from each project's tracked selling status. Price per square foot is computed per floor plan from that plan's own price and square footage, counting only plans marked available, and reported as a median with the number of plans behind it. Medians are used throughout because a handful of penthouse plans distort an average. Cities are included when they carry at least 60 tracked projects, which yields 19 markets.

Three limitations belong on the record. This is not a census of Canadian pre-construction: it covers the markets Developments.ca tracks, and this dataset carries Ontario, British Columbia and Alberta only, so Quebec, Saskatchewan, Manitoba and Atlantic Canada are absent. Selling status is accurate as of the pull and moves continuously. Project-level starting prices are published by fewer projects than floor plans are, and are thinnest in Alberta, which is why every price claim here rests on the per-square-foot figures rather than on starting prices.

For an independent read on new supply, Canada Mortgage and Housing Corporation publishes housing starts and under-construction counts by metropolitan area, and Statistics Canada publishes the interprovincial migration figures that explain much of Alberta's demand. Neither publishes what share of launched pre-construction projects remains available, which is the number this report contributes.

Frequently asked questions

Which Canadian city has the most new homes available right now? By share of its own pipeline, Calgary, at 56% of 264 tracked projects still selling. By absolute count of actively selling projects, Calgary also leads the markets in this dataset with 148, ahead of Toronto's 124 and Edmonton's 80.

Is Toronto's new-build market oversupplied? Not on the availability measure. 705 projects have launched and 522 are sold out, leaving 124 selling, 18% of the pipeline. Arguments about a condo glut are generally about the resale and rental sides; the pre-construction pipeline itself is 65% sold out nationally and tighter than that in Toronto.

How much cheaper is new construction in Alberta than in Ontario? On median price per square foot across available floor plans, Alberta is $330 and Ontario is $559, so Alberta runs about 41 percent lower. City to city the gap is wider: Calgary $342 against Toronto $1,387.

What does price per square foot mean in this report? Each available floor plan's own asking price divided by its own square footage, then the median across all such plans in that market. It is not a starting price divided by a smallest unit size, and the count of floor plans behind every figure is published in the underlying data.

What is a project in registration? A project that has launched publicly and is collecting buyer interest but has not opened pre-sales. It is future supply rather than something you can purchase today. There are 254 nationally.