Calgary Market Update – July 2025

July saw inventory levels rise to 6,917 units — the highest we’ve seen since before the pandemic and well above long-term averages. Much of this growth is coming from Calgary’s newer communities, with supply increases seen across all property types and districts.

This boost in inventory is starting to put pressure on prices in some areas. The city’s total residential benchmark price has been trending down for several months and now sits about 4% below the peak recorded in June 2024. That said, price changes are not uniform. Detached and semi-detached homes remain relatively stable, while the steepest adjustments are happening in the apartment and row housing segments — especially in the North East and North districts, where new supply has surged.

In July, Calgary recorded 2,099 sales, a 12% decline from last year, while new listings increased over 8% to 3,911 units. A mix of factors — from ongoing economic uncertainty and stable lending rates to added competition from the new home market — has contributed to the shift.

Currently, apartment-style homes hold the highest months-of-supply at just over four months, indicating more favourable conditions for buyers in that segment. Detached and semi-detached homes remain in a more balanced position, with about three months of supply.

The market is still adjusting, but it’s important to note that even with recent declines, many property types have retained much of the value gained over the past several years.

Source: Aug. 01, 2025 | CREB