October 2025 CREB® Market Report: A-shift toward balanced terrain

As we move into late 2025, the Calgary-region housing market is showing clearer evidence of a transition. According to the CREB®’s October stats package, a growing supply of homes, slower demand in certain segments and nuanced price shifts are reshaping the playing field. CREB+2Facebook+2

Key numbers & what they mean

  • Sales for October reached ~1,012 detached units — an improvement from September, but still about 5% lower than October of last year. CREB

  • The city-wide benchmark price for all residential types in Calgary was ~$568,000, down nearly 1% from the prior month and about 4% lower than a year ago. CREB

  • Inventory is building, especially in…

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Calgary Real Estate Market Update — September 2025

More homes. More choice. More opportunity.

The Calgary housing market experienced a noticeable shift in September 2025 — and it’s creating strategic opportunities for both buyers and sellers this fall.

Inventory Levels Are Rising

Nearly 3,800 new listings hit the market in September, while just over 1,700 homes sold. That’s a 36% increase in inventory compared to last year, marking one of the most balanced fall markets we’ve seen in years.

This increase is giving buyers more selection and easing the competitive conditions that have dominated Calgary real estate in recent years. Instead of multiple-offer situations and rushed decisions, buyers now have the space to be strategic — and…

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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…

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 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…

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Inventory levels in June continued to rise, both over last month and last year’s levels. By the end of the month inventory reached 6,941 units, returning to levels reported in 2021, or prior to the surge in population growth. While sales have remained consistent with long-term trends despite a decline from recent months, higher levels of new listings compared to sales have contributed to the inventory gain.

All property types have reported gains in inventory, but both row and apartment style homes reported inventory levels over 30 per cent higher than long term trends, while supply for detached and semi-detached units are only slightly higher than typical levels. “Supply has improved across rental, resale and new home markets, allowing for more…

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May 2025 - Calgary and Area Real Estate Stats 

 

Residential sales in Calgary dropped 17% compared to May 2024, driven mainly by a slowdown in apartment and condo activity. Despite the dip, May saw 2,568 sales—still 11% above the long-term average and an improvement over April.

New listings continue to climb, boosting inventory. However, similar increases in sales helped keep months of supply steady at 2.6—signalling a more balanced market.

According to Ann-Marie Lurie, CREB® Chief Economist, Calgary’s shift toward balance contrasts with other major cities where markets were already under pressure before recent economic uncertainty. Locally, this shift is easing price pressure.

Inventory gains have created a split market: some segments face…

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April- 2025 

 

Calgary Monthly Statistics

Economic uncertainty, fueled by tariff threats, has dampened consumer confidence and slowed housing activity in March. Sales dropped 19% year-over-year to 2,159 units, with the largest declines in higher-density properties.

“We expected a pullback due to uncertainty,” said Ann-Marie Lurie, CREB® Chief Economist. “However, sales are still stronger than pre-2020 levels, despite easing demand. Increased listings and rising inventory have shifted the market toward balance, after four years favoring sellers.”

Over 4,000 new listings in…

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March- 2025 

 

Calgary Monthly Statistics

Inventory levels grew 76% year-over-year in February, reaching 4,145 units. Most of the increase was in homes priced under $500,000, driven by gains in the apartment and townhouse sectors. The months of supply stood at 2.4, similar to January but more than double last year, with apartments having the highest supply at 3.1 months.

February saw 1,721 sales, 19% lower than last year but above historical averages. New listings totaled 2,830, aligning with typical February levels. The sales-to-new listings ratio was 61%, higher than…

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March reflects strong seller's market and price increases

Detached

Detached home sales rose in March but were likely limited by the level of new listings coming onto the market. New listings in March were 1,386 units, compared to the 1,151 sales, causing the sales-to-new listings ratio to rise to 83 per cent. Inventories also remained relatively stable compared to last month but were 24 per cent lower than last year’s levels and nearly 60 per cent lower than long-term trends for March. Inventory levels dropped across all price ranges, but the most significant fall was in the lower price point. Overall, 71 per cent of the available inventory in March was priced above $700,000.
 
Low inventories compared to sales caused the months of supply to drop…

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Low inventory and high demand drive price gains in February

Detached

In February, 1,195 new listings came onto the market, of which 75 per cent were priced over $600,000. While new listings did improve over last month in line with seasonal expectations, levels are still below typical levels for February. At the same time, sales in February rose to 954 units, a year-over-year gain of 20 per cent. The growth in sales was driven by where we saw listings growth, but with a sales-to-new listings ratio of nearly 80 per cent, inventory levels were near record lows for February.
 
Exceptionally tight market conditions drove further price growth. In February, the unadjusted detached benchmark price rose to $721,300, nearly three per cent higher than last…

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