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Calgary has experienced an increase in new listings both year over year (4%) and year to date (18%). The inventory increase year over year is a massive 76% higher, driven by an increase in new condominiums. However this still brings the months supply only up to 2.41 months, even with a 118% increase in supply. Actual sales have dropped to 1720, down 19% year over year. The low supply still signals a strong sellers market, however buyers should find a reasonable price with the median price coming in at $566,500. As you can see on the chart, other cities in Alberta do have much lower median prices.

The highest priced home for sale in Calgary Alberta Canada is $18,900,000. MLS#A2176937

The lowest priced home for sale in Calgary Alberta Canada is $127.000. MLS#A2192833

Based on current analyses, the Calgary real estate market in 2025 is projected to maintain a strong, albeit moderating, pace. Key factors driving this outlook include continued population growth, though at a reduced rate compared to previous years, and a relatively healthy employment landscape. Easing lending rates from the Bank of Canada are also expected to provide support to buyers. Notably, an increase in new home construction is contributing to a more balanced market, offering buyers greater inventory and reducing some of the intense competition seen in prior periods.

However, the market is not without its potential headwinds. While sales are expected to remain above long-term averages, factors such as slowing interprovincial migration and increased competition from newly built homes could temper further growth in resale activity. Additionally, economic uncertainties, including potential shifts in federal policies or global economic conditions, present potential risks. Overall, the forecast indicates a transition towards a more balanced market, with moderate price growth and increased options for buyers, though careful attention to evolving economic factors will be crucial.

Lola Adekeye, Real Estate Consultant, 403-630-4100

#130 703 64th Avenue SE
Calgary, AB
T2H 2C3