Calgary Housing Market Update

Calgary Housing Market Update – November 2025

Market Balances Heading Into Winter

As we move into the winter months, Calgary’s housing market is showing more balanced conditions across most segments. Seasonal slowdowns in sales and listings are in line with expectations, but inventory levels remain elevated—28% higher than last year and about 15% higher than typical for this time of year.

According to Ann-Marie Lurie, CREB® Chief Economist, higher supply has been driven mainly by row and apartment-style homes, with some of this additional stock coming from the new homes sector. Detached and semi-detached properties, however, remain in more balanced territory.

Overall, the benchmark price across all property types was $559,000, down nearly 5% year-over-year, with the steepest price declines occurring in the apartment and row housing markets.

Market Highlights

Detached Homes

Benchmark Price: $733,000 (↓2% year-over-year)
Condition: Balanced, around 3 months of supply
Trend: Prices easing slightly in North, Northeast, and East due to new-home competition

Semi-Detached Homes

Benchmark Price: $671,700 (Stable year-over-year)
Condition: Balanced, inventory highest in five years
Trend: Year-to-date prices still up 3%, led by City Centre gains

Row Homes

Benchmark Price: $424,400 (↓6% year-over-year)
Condition: Softer due to elevated inventory
Trend: Prices facing pressure but still above long-term averages

Apartments

Benchmark Price: $309,300 (↓7% year-over-year)
Condition: Buyer’s market, nearing six months of supply
Trend: Highest inventory on record for November, with most price declines in the Northeast

What This Means to You

For Buyers:
This is a great time to explore options, especially in the apartment and row home sectors, where increased inventory offers more choice and negotiating power. Balanced conditions in detached and semi-detached homes mean fairer pricing and less competition than in recent years.

For Sellers:
While the market remains stable, strategic pricing and presentation are more important than ever. Detached and semi-detached homes are holding value, but sellers in higher-density markets should be prepared for longer listing times and more competitive pricing.

For Investors:
With prices softening in some segments, there may be short-term buying opportunities in well-located properties—particularly where long-term rental demand remains strong.

Posted by Erin Reeves on December 9th, 2025

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