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CREB Housing Stats

Pace of new listings growth slows, preventing further inventory gains

🏡 Calgary Real Estate Market Update – October

📉 Inventory Eases
October brought a slight easing in housing inventory. With fewer new listings and more sales, months of supply dropped to 3.5 months (down from 4 in September).

🏠 Balanced Market for Homes
Detached and semi-detached properties remain relatively balanced, while row- and apartment-style homes continue to have higher supply than demand.

📊 Year-to-Date Sales
Calgary has seen 20,082 home sales, down nearly 16% from last year — mostly due to lower activity in row- and apartment-style homes.

💬 Market Insight

“Increased rental availability and easing rents have slowed ownership demand for apartment- and row-style homes,” says Ann-Marie Lurie, CREB®’s Chief Economist. “These segments are also seeing record-high October inventories, which is putting downward pressure on prices.”

💰 Prices
As of October, the benchmark price for all homes in Calgary was $568,000, down slightly from last month and just over 4% lower than last year. Row- and apartment-style homes saw the biggest drops: 6% and 7%, respectively.


To read the full stats release on October’s housing market for Calgary and surrounding areas, click here.

A BOOST IN NEW LISTINGS DRIVES FURTHER INVENTORY GAINS AND PRICE ADJUSTMENTS

🏡 Calgary Real Estate Market Update – September 2025

📈 Market Overview

In September, Calgary’s housing market continued to show signs of shifting toward buyer-favorable conditions, driven by rising inventory and a slowdown in sales activity.

  • Sales: 1,720 units
  • New Listings: 3,782 units
  • Inventory: 6,916 units
    • 🔺 36% higher than September 2024
    • 🔺 17% above long-term September averages

📊 Key Indicators

  • Sales-to-New Listings Ratio: 45%
    (A lower ratio signals rising supply and weaker demand)
  • Months of Supply: 4 months
    (First time at this level since early 2020)

“Supply levels have been rising in the resale, new home and rental markets… At the same time, slower population growth and economic uncertainty are dampening demand.”
— Ann-Marie Lurie, CREB® Chief Economist

🏘️ Inventory Trends by Property Type

📉 Apartment-Style Homes

  • Inventory gains have pushed this segment into buyer’s market territory
  • Benchmark Price: $322,900
  • Year-over-Year Price Decline: -6%

🏠 Detached Homes

  • Inventory rising, but not as sharply as in the condo market
  • Benchmark Price: $749,900
  • Year-over-Year Price Decline: -1%
  • Price pressure mainly seen in North and North East districts

🧭 Market Outlook

With increased inventory across all housing segments and slowing demand, Calgary’s market is expected to continue favoring buyers into the fall. However, market conditions still vary by location, price point, and property type.

💡 What This Means for You

✅ Buyers

  • More choice, less urgency
  • Stronger negotiating position, especially in the condo/apartment sector

⚠️ Sellers

  • Competitive pricing and marketing strategy are key
  • Expect longer time on market in higher-inventory segments

📊 Investors

  • Opportunities may emerge in softening segments
  • Rental market competition could impact returns

Calgary’s Real Estate Market For August 2025 – Balanced Market in Some Areas

Here’s a clear summary and commentary on the statement you shared about the Calgary Real Estate Market (August 2025 update):

Key Takeaways

  • Prices:
    • Benchmark price at $577,200 (↓ from last month, ↓ ~4% year-over-year).
    • Apartments & row homes seeing the biggest price drops (due to largest supply increases).
    • Detached & semi-detached experiencing smaller adjustments (some areas even seeing modest growth).
  • Sales Activity:
    • 1,989 sales in August (↓ 9% year-over-year).
    • Slower than the last 4 years but still above long-term averages → demand is holding, just not as frantic.
  • Supply & Inventory:
    • 6,661 active listings (highest August since 2019).
    • Sales-to-new-listings ratio below 60% → signals more balanced conditions.
    • Months of supply at 3.4 → balanced market (vs. strong seller’s market in recent years).
  • Market Balance:
    • Market is shifting away from extreme seller’s market conditions.
    • Still not a full buyer’s market, but balance is returning.
    • Big differences by property type, location, and price range.

Commentary

The Calgary housing market is clearly transitioning. After years of tight inventory driving up prices, more supply is now giving buyers choices they haven’t had in years. This shift is cooling price growth, especially in segments with heavy new listings (apartments and row homes).

Detached and semi-detached homes are more insulated, partly because demand remains stronger in those categories, and many neighborhoods are still supply-constrained.

Overall, the market is healthier: demand is still above long-term averages, but the pace has normalized. Balanced conditions tend to create more sustainable price trends and less volatility, which benefits both buyers and sellers in the long run.