Calgary Real Estate Blog

Calgary Housing Market Update – August 2025

Calgary’s housing market is shifting as more supply enters the market, giving buyers greater choice and easing the pressure seen in recent years.

• Benchmark Price: Fell to $577,200, down nearly 4% from last year.

• Sales: 1,989 homes sold in August, about 9% lower than 2024 but still above long-term averages.

• Inventory: Climbed to 6,661 units, the highest August level since 2019.

• Months of Supply: Rose to 3.4 months, moving conditions toward balance compared to the seller’s market of the past four years.

Price declines have been most noticeable in apartment and row-style homes, while detached and semi-detached properties have seen only modest changes—some even holding steady.

What This Means

• For Buyers: More choice, more negotiating power, and less urgency than in recent years.

• For Sellers: Homes that are priced competitively and marketed effectively are still selling, but standing out is more important than ever.

Overall, Calgary’s market is trending toward balance, with conditions varying by property type, price range, and location.

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