Calgary Housing Market – 2025 Year in Review (Summary)
- Market Shift: After several years of strong price growth, 2025 marked a transition to more balanced market conditions as rising supply met easing demand.
- Sales Activity: Total residential sales reached 22,751 units, down 16% year-over-year, but remained in line with long-term averages.
- Supply Growth: Over 40,000 new listings entered the market, up 9% from 2024, driven by record-high housing starts. This increase in inventory reduced seller-favourable conditions.
- Demand Moderation: Slower migration and heightened economic uncertainty, particularly in the spring, reduced demand pressures.
- Price Trends:
- Overall benchmark price averaged $577,492, down 2% year-over-year.
- Detached homes: +1%
- Semi-detached homes: +3%
- Apartment condominiums: −3%
- Row homes: −2%
- Property-Type Divergence: Strong supply growth in apartments and row homes weighed on prices, offsetting gains in detached and semi-detached segments.
- Regional Variation: The North East saw the largest price declines, partly reflecting improved supply and partly following the strongest price growth in the prior two years.
- Outlook: Improved inventory levels heading into 2026 mark the first such improvement in three years. CREB®’s 2026 market outlook will be released at the Forecast Conference on January 20, 2026.