A Year of Transition for Calgary Real Estate
In 2025, Calgary recorded 22,751 residential sales, a 16 per cent decrease from the previous year. While sales were lower, they remained in line with long-term historical averages, signalling market normalization rather than decline.
The biggest driver of change was supply.
More than 40,000 new listings came onto the Calgary real estate market in 2025 — a nine per cent increase year over year. As inventory levels rose across most property types, competition eased and conditions began to stabilize. By the second half of the year, Calgary’s resale market reached balanced conditions, with an average of 3.43 months of supply.
Calgary Home Prices by Property Type (December 2025 Year-Over-Year)
Price trends in Calgary varied depending on property type, location, and price range. Using December 2025 year-over-year benchmark data, here’s how prices shifted:
• Detached homes in Calgary: $726,900 (⬇️ ~2.6% Y/Y)
• Semi-detached homes: $666,800 (⬇️ ~1.6% Y/Y)
• Row / townhouse homes: $421,300 (⬇️ ~5.6% Y/Y)
• Apartment condominiums: $303,600 (⬇️ ~7.4% Y/Y)
• Total residential benchmark price: $554,700 (⬇️ ~1.5% Y/Y)
Detached and semi-detached homes remained the most resilient segments of the Calgary housing market. Apartments and row homes experienced greater price adjustments, largely due to increased resale inventory and competition from new construction and purpose-built rental developments.
Why Some Calgary Neighbourhoods Were More Affected
The Calgary real estate market is no longer moving at one speed.
The North East Calgary housing market experienced the largest price declines in 2025. While improved supply played a role, this area had also seen some of the strongest price growth over the previous two years, making it more sensitive to changing market conditions.
In contrast, City Centre Calgary continued to experience limited inventory for detached homes. This helped support prices despite slower sales, resulting in continued price resilience in central neighbourhoods.
This reinforces an important takeaway for buyers and sellers: location, property type, and pricing strategy matter more than ever in today’s Calgary market.
What the 2025 Market Shift Means Heading Into 2026
For the first time in three years, Calgary is entering a new year with healthier inventory levels and more predictable market conditions.
A balanced market means:
• Buyers have more choice and negotiating room
• Sellers need accurate pricing and strong presentation
• Well-prepared homes still sell — but strategy matters
CREB® will release its full 2026 Calgary Housing Market Forecast on January 20, offering deeper insight into economic trends, pricing expectations, and demand outlooks for the year ahead.
Thinking About Buying or Selling in Calgary?
Market headlines only tell part of the story. Every neighbourhood — and every move — is different.
If you’re considering buying, selling, or simply want a clear picture of what these changes mean for your specific area of Calgary, I’m happy to help you navigate your next step with clarity and confidence.
Your next chapter starts here.