Market By the Numbers
Current metrics across Calgary reflect a much more stable environment compared to the market peaks of 2023:
Average Sold Price: ~$685,000
City-Wide Benchmark Price: ~$560,000 - $690,000 depending on property type and exact reporting metric
Active Inventory: Over 7,000 listings available across the city
Property Type Breakdown
Conditions vary significantly depending on the segment you are looking to buy or sell in:
Detached Homes: Conditions remain the tightest here. While the benchmark price (averaging ~$734,000 to $749,000) has seen minor year-over-year softening, it remains highly resilient.
Townhouses & Row Houses: This segment has largely shifted into balanced territory. Benchmark prices sit around $422,000 to $428,000, and units are staying on the market longer.
Apartments & Condos: This sector is heavily buyer-friendly. Increased inventory and reduced sales volume have pushed benchmark prices down to roughly $300,000 to $305,000.
Local Dynamics
First-Time Buyers: There is a notable influx of new, first-time homebuyers entering the market, aided by increased rental supply and government incentives.
New Construction: High levels of new home construction continue to add housing stock, relieving the drastic supply shortages seen in previous years
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