The Calgary real estate market is currently experiencing a shift towards a more balanced market, with a cooling off period after a period of rapid growth. While detached homes are still in a seller's market, inventory has increased, giving buyers more options and reducing intense competition. Prices are still increasing, but at a slower pace.
Thanks to gains mostly occurring in the newer communities, inventory levels in July were 6,917 units, reaching levels not seen since prior to the pandemic and higher than long-term trends. While supply has improved across all property types and all districts, the largest gains are occurring in the areas where there has been new community growth.
The additional supply has weighed on home prices in some parts of the city. The total residential benchmark price in Calgary has trended down over the past several months and is currently four per cent below last year’s peak price reported in June 2024.
“Price declines are not occurring across all property types in all locations of the city, and even where there have been declines, it has not erased all the gains made over the past several years,” said Ann-Marie Lurie, Chief Economist at CREB®. “The steepest price declines have occurred for apartment and row style homes, mostly in the North East and North districts, which coincides with significant gains in new supply.”
The rise in supply occurred as sales continued to slow and new listings improved. In July, there were 2,099 sales, a 12 per cent decline over last year, while new listings reached 3,911 units, an over eight per cent increase over last year. In addition to the persistent economic uncertainty due to tariffs, sales and new listings were impacted by no further reductions in lending rates and added competition from the new home market. Apartment-style homes are reporting the highest months of supply with over four months, while both detached and semi-detached homes are seeing conditions remain relatively balanced at just three months of supply.
Unlike other areas, Cochrane has not seen the same level of pullback in sales compared to long-term trends. While July sales were down by seven per cent, year-to-date sales are two per cent lower than last year and 23 per cent higher than long-term trends. New listings in July did reach a record high for the month, causing inventories to push to the highest level reported for the month since 2019 and causing the months of supply to rise above three months. While this likely contributed to some of the monthly decline in price, unlike other areas the July benchmark price of $590,000 was over two per cent higher than last year, and four per cent higher on a year-to-date basis.
This market continues to exhibit tighter market conditions than both Airdrie and Cochrane with a sales-to-new-listings ratio of 71 per cent and months of supply at just over two months. This is a significant improvement compared to the previous four years, where the months of supply in July was just over one month. In July, the benchmark price in the area was $628,500, slightly lower than last month, but higher than last year’s level. Despite some monthly fluctuations, year-to-date prices are over two per cent higher than last year.
To view the full City of Calgary monthly stats package, click below:
https://www.creb.com/Housing_Statistics/documents/07_2025_Calgary_Monthly_Stats_Package.pdf
The Calgary real estate market is currently experiencing a period of balanced conditions with some areas showing a cooling trend. While detached home prices are relatively stable, semi-detached homes are experiencing price gains, particularly in the City Centre. Inventory levels are increasing, providing more options for buyers, but this has also led to slower price growth, especially in the apartment and row-style home segments.
Key Observations:
Detached Homes:
Benchmark price is holding steady at $764,300, with a balanced market, although sales are down year-over-year.
Semi-Detached Homes:
Prices are up 1% to $696,400, with City Centre homes hitting record prices.
Inventory:
Increased supply across all property types, with row and apartment style homes showing particularly high inventory levels compared to long-term trends.
Sales:
Sales activity is down year-over-year for most property types.
Price Trends:
While some areas are seeing price gains, overall price growth is slowing down, particularly for apartment and row-style homes due to increased inventory.
Buyer's Market:
The increased inventory and slowing price growth are creating a more balanced market, potentially giving buyers more negotiating power.
Economic Factors:
Uncertainty in the global economy and trade policies, along with fluctuating interest rates, are impacting consumer confidence and investment, contributing to slower sales in some housing markets.
In summary: The Calgary real estate market is in a state of transition, with a shift towards more balanced conditions. While some areas are still experiencing strong price growth, others are seeing slower price increases and increased inventory, making it a more favorable time for buyers.
The Calgary real estate market is currently experiencing a shift towards a more balanced market, with inventory levels increasing and sales slowing down compared to previous years. While some property types are seeing price gains, others are experiencing declines. Overall, the market is influenced by factors like economic uncertainty, fluctuating interest rates, and increased inventory.
Key Trends:
Increased Inventory:
Inventory levels are rising, particularly for row and apartment-style homes, returning to levels seen before the recent surge in population growth.
Sales Slowdown:
Sales activity has decreased compared to previous years, with some property types experiencing significant year-over-year declines.
Price Fluctuations:
While some property types, like semi-detached homes, are seeing price increases, others, like apartments and row homes, are experiencing price declines.
Shifting Market Dynamics:
The increase in inventory and slower sales are creating a more balanced market, giving buyers more negotiating power.
Economic Uncertainty:
Factors like global economic uncertainty, fluctuating interest rates, and changing immigration policies are impacting buyer confidence and market activity.
Property Type Specifics:
Detached Homes:
Benchmark prices remain relatively stable, but sales activity varies by area, with some districts seeing gains.
Semi-Detached Homes:
Prices are up, with some areas, like the City Centre, reaching record prices, but inventory is limited.
Townhouses and Apartments:
These property types are seeing the biggest increases in inventory and are more susceptible to price declines due to increased supply.
Tips for Buyers and Sellers:
Buyers:
Consider getting into the market sooner rather than later, as interest rates are expected to come down, potentially increasing competition.
Sellers:
Be patient and realistic about pricing, as the market is shifting towards more balanced conditions.
Give me a call and we can chat about how the real estate market is impacting your property and design a plan that works for you. Gerard at 403-703-5548
The Calgary real estate market is currently experiencing a shift towards more balanced conditions, with slowing price growth and increased inventory. While detached and semi-detached home prices remain strong, row and apartment prices are slightly below their 2024 peaks. Overall, the market is seeing a rise in inventory and a decrease in the sales-to-new-listings ratio, indicating a more balanced environment between buyers and sellers.
Key Trends:
Price Growth Slowing:
While benchmark prices continue to rise, the pace of growth has slowed, particularly for row and apartment-style homes.
Increased Inventory:
The number of homes available for sale has increased, leading to more options for buyers.
Sales-to-New-Listings Ratio Declining:
This indicates a shift towards a more balanced market, with less pressure on prices.
Shifting Buyer Preferences:
Buyers are showing a greater preference for detached and semi-detached homes, while row and apartment prices are experiencing more downward pressure.
Regional Differences:
The North East, North, and South East districts are seeing the largest year-over-year price declines.
If you want to know how the real estate market is impacting you, give me a call and we can chat.
Gerard at 403-703-5548
The market remains balanced, with steady demand and a sales-to-new-listings ratio (SNLR) of 55%. Calgary's real estate market has seen varied price trends across different property types in 2025:
Detached Homes: The average price is $839,250, reflecting a 5.4% increase year-over-year.
Semi-Detached Homes: Prices have slightly declined by 0.3%, now averaging $695,000.
Townhouses: The average price has risen by 3.1%, reaching $487,000.
Condo Apartments: Prices have increased by 2.5%, now averaging $367,000.
If you are thinking of selling, a good place to start is to determine your home’s worth. Give me a call and we can get started with a free home evaluation.
If you are thinking of buying, there are a lot of options to consider. Let’s have a chat and we can determine your best options depending on your current situation,
Let me put my 38+ years of experience to work for you.
The Calgary real estate market is transitioning towards balanced conditions, with increased inventory easing pressure on prices, according to WOWA and CREB reports. While home sales have decreased, the average home price remains relatively stable as noted by Canadian Mortgage Trends.
Here's a more detailed look:
Key Trends:
Increased Inventory:
Calgary has seen a significant surge in new listings, leading to a higher months of supply according to CREB reports.
Balanced Market:
The increased supply has moved Calgary into balanced market territory, meaning that the number of homes for sale is more closely aligned with the number of buyers.
Stabilized Prices:
While prices have generally increased over the past year, the pace of growth has slowed due to the increased inventory.
Sales Decline:
Home sales have decreased year-over-year, indicating a potential cooling off in the market.
Specific Property Types:
Detached and Semi-Detached:
These property types continue to experience some tightness in supply, with prices remaining higher than a year ago according to CREB.
Apartments and Townhouses:
These property types are seeing more balanced conditions and slower price growth due to the increased inventory, as reported by CREB.
Overall, the Calgary real estate market is undergoing a shift towards a more balanced and sustainable environment. While the pace of price growth may be slowing, the market remains active, and buyers are likely to have more options and negotiating power than in recent years.
The Calgary real estate market is currently characterized by a rising inventory, balanced conditions, and strong sales activity. While some areas show signs of cooling, the overall market remains robust.
Here's a more detailed look:
Inventory:
Inventory levels are increasing, with the months of supply reaching 2.2 months, the highest level since the end of 2022.
Sales Activity:
Sales remain strong, although they have eased slightly from record highs. March sales were the sixth strongest in the last 15 years.
Prices:
Average home prices are increasing, with the average home price reaching $646,743. Detached homes are experiencing a 5.4% increase to $839,000.
Market Conditions:
While conditions are considered balanced, activity varies by location. The North East district, for example, has the highest months of supply, resulting in a price decline, according to the CREB.
Future Outlook:
Housing demand is expected to remain strong, with sales forecasted to exceed 26,000 units, according to CREB.
If you are thinking of selling or buying, give me a call. I would be more than happy to work with you!
Gerard at 403-703-5548
Market Report Summary for April 2025
Updated May 2nd, 2025
The housing inventory continues to rise rapidly.
At 2,236, Calgary’s monthly home sales saw a 22.4% year-over-year decline.
The average home price increased by 6.3% annually to $646,743.
Detached home average price increased by 5.4% year-over-year to $839k.
Semi-detached home average price decreased by 0.3% year-over-year to $695k.
Townhouse average price increased by 3.1% year-over-year to $487k.
Condo apartment average price increased by 2.5% year-over-year to $367k.
May 5, 2025 Update: Today’s Lowest mortgage rate in Calgary is 3.79% for 3-Year Fixed.
The Calgary real estate market is currently showing signs of shifting towards more balanced conditions, with increased inventory and a slowdown in price growth. While home sales have declined, prices remain above last year's levels, particularly for detached homes and condos. The average home price in Calgary is around $640,000, with a range of prices depending on property type and location.
If you are interested in selling or buying, give me a call and we can talk about the market and next steps.
A variety of new properties have been listed in the last seven days, showcasing a broad price spectrum. Options include apartments priced around $250,000 and detached homes ranging from $300,000 to over $7 million, with an average price of $950,776.
Give me a call and we can chat about the current real estate market and found out what your goals are.
Gerard at 403-703-5548
The trend continues - the number of active listings increased from last week however the Calgary real estate market is projected to have increased sales, balanced market conditions (moving away from a sellers market), and moderate price growth. Demand is expected to remain above long-term trends, supported by a growing population, employment, lower mortgage rates and a supply of new and older homes.
Record-high new construction levels are adding supply to the market, contributing to an increase in resale listings. As more new homes are completed in 2025, the overall supply is projected to grow. This will offer a wide range of homes for prospective buyers to choose from.
If you are considering a ‘new build’, I can help you with that. The builder has a professional real estate professional representing their interests; you deserve the same.
Throughout my career, I have assisted many clients through this process. On their behalf, I have negotiated a better bottom line or purchase price with improvements and upgrades to the final purchase agreement.
Give me a call and we can chat!