Posted August 5, 2025

If you’ve been wondering what’s really happening in the Calgary housing market right now, especially with all the talk about “more listings” and “prices changing” , you’re not alone.

Here’s the straight truth: we’re seeing more homes for sale than we have in years (especially in newer communities), and in some parts of the city, that extra supply is cooling prices. But the story isn’t the same everywhere, and not all property types are being affected equally.

Let’s break it down so you can see what this means for you.

What’s Happening Overall

• Inventory is climbing – July ended with 6,917 homes for sale, the highest since before the pandemic.

• Sales have slowed – 2,099 homes sold in July, down 12% from last year.

• Prices are easing in some areas – The overall benchmark price is down about 4% from the June 2024 peak.

• The biggest price dips are showing up in apartments and row houses in the North East and North districts, where there’s been a lot of new supply hitting the market.

Key takeaway: This is still a healthier market than we saw in the last decade, but buyers have more choice, and sellers need to be strategic.

Detached Homes

• Months of supply hit 3 months for the first time since 2020.

• Benchmark price: $761,800 (down <1% from last year).

• The North East and East saw prices drop around 5%, but the City Centre actually saw prices rise 2%.

• Tighter markets remain in the North West, West, and South districts.

💡 For sellers: You’ll need sharp pricing and standout marketing in areas with more competition.
💡 For buyers: More balance means you can shop without the bidding wars we saw in 2022–2023.

Semi-Detached Homes

• Months of supply rose to 3 months (hasn’t happened since 2021).

• Benchmark price: $697,500 (up 1% from last year).

• City Centre saw the biggest price growth (almost 3%).

• Prices dipped in the North East, East, and North.

Row Homes

• Sales have slowed, and inventory is up.

• Months of supply: just over 3 months (up to nearly 5 months in the North East).

• Prices are down 4% compared to last year, but stable year-to-date.

Apartments

• Sales-to-new-listings ratio: 50% — plenty of choice for buyers.

• Months of supply: over 4 months (highest since 2021).

• Benchmark price: $329,600 — down 5% from last year.

• West, South, and North West are holding stronger, but North East, North, South East, and East are seeing declines.

Regional Highlights

Airdrie

• Inventory at highest July level since 2018.

• Prices: $532,800, down 4% from last year (but only slightly lower year-to-date).

Cochrane

• Sales remain stronger than most areas.

• Prices: $590,000, up 2% from last year and 4% year-to-date.

Okotoks

• Tighter market than both Airdrie and Cochrane (just over 2 months of supply).

• Prices: $628,500, up 2% year-to-date.

What This Means for You

• If you’re selling: Be prepared for buyers to have more options. Professional marketing, competitive pricing, and strong negotiation skills are key.

• If you’re buying: You have more choice than you’ve had in years and less pressure to rush into a decision.

• If you’re investing: Watch for pockets of opportunity in districts where prices are holding strong despite higher inventory.

📌 Bottom line: The Calgary market in mid-2025 isn’t “crashing” — it’s shifting into more balanced territory in some areas, while others remain competitive. The right strategy depends entirely on your property type, location, and goals.

If you want a personalized market breakdown for your neighbourhood — including the latest sales data and trends — I can put that together for you.

📞 Call/Text: 403-968-2466
📧 Email: lorinitah@gmail.com

Published July 30, 2025
By Lori Nitah | Calgary & Area Real Estate

On July 30, 2025, the Bank of Canada held its key overnight rate steady at 2.75%, pausing after seven consecutive cuts. With the Bank Rate at 3% and the deposit rate at 2.70%, this decision reflects a cautious approach in the face of global trade uncertainties, particularly evolving U.S. tariffs and their impact on Canada's export-driven economy.

So, what does this mean for those of us navigating Calgary’s real estate market?

📉 Still-Low Rates = Affordability

The current rate hold still offers historically low borrowing costs, which is great news for homebuyers and real estate investors alike. While the Bank didn't cut rates further, the overnight rate remains significantly lower than it was just a year ago, making mortgages more accessible to many Calgarians.

If you're considering a purchase, now is still a smart time to get pre-approved and explore what you can afford. Lower rates improve purchasing power and can reduce your monthly mortgage payments.

🏘️ Calgary Market Outlook: What Buyers & Sellers Should Know

Despite volatility in global trade, Calgary’s local economy and housing market have shown resilience. Here’s how the rate hold is influencing real estate activity:

• Buyers: You’re likely to benefit from stable interest rates for now, but it’s still essential to lock in a rate while you can. If tariffs escalate further, it could impact inflation and borrowing costs down the line.

• Sellers: Buyer confidence remains high thanks to favourable financing conditions. Homes priced right—especially detached homes —are seeing steady demand, particularly in Calgary.

📊 Tariffs & Inflation: The Bigger Picture

The Bank of Canada’s July Monetary Policy Report didn't include traditional forecasts due to unpredictable U.S. trade actions. Instead, it outlined three possible paths:

• Current Tariff Scenario: Modest economic growth (~1%) in the second half of 2025

• Escalation Scenario: A possible economic contraction this year

• De-escalation Scenario: A quicker economic rebound

Inflation is hovering around 2%, with shelter costs still a key driver, but easing. The Bank noted that while some costs are rising (e.g. supply chain reconfiguration), they’re being balanced by softer economic activity.

🔍 What This Means for You

Whether you're buying, selling, or investing, here’s what to keep in mind:

• Rate Holds Are Still Buyer-Friendly: You may not see rates go much lower, so now’s a smart time to make a move.

• Trade Uncertainty Adds Complexity: Global events may influence local affordability and price growth.

• Talk to a Pro: It’s more important than ever to work with a real estate professional who understands both the macro picture and your local market.

✅ Final Thoughts

The Bank of Canada is taking a measured approach in the face of global economic turbulence. For Calgary’s real estate market, this creates a window of stability and opportunity. Whether you're a first-time buyer, a downsizer, or an investor, now is a great time to assess your options and plan your next move with confidence.

📲 Call or text me at 403-968-2466
🌐 www.LoriNitah.ca
📍 Serving Calgary & surrounding areas

On March 12, 2025, the Bank of Canada reduced its target for the overnight rate by 25 basis points to 2.75%, marking the seventh consecutive rate cut in its current monetary easing cycle.

This decision aims to counteract the economic slowdown resulting from escalating trade tensions and tariffs imposed by the United States.

For Calgary's real estate market, this rate reduction carries significant implications.

Lower Borrowing Costs

A decrease in the overnight rate typically leads to lower interest rates on mortgages and other loans. This reduction makes borrowing more affordable for potential homebuyers in Calgary, potentially increasing demand in the housing market. As borrowing costs decrease, more individuals may qualify for mortgages, encouraging first-time homebuyers and investors to enter the market.

Increased Housing Demand

With more affordable financing options, Calgary could experience heightened demand for residential properties. This surge may lead to increased competition among buyers, potentially driving up home prices. Sellers might find this an opportune time to list their properties, anticipating favorable returns due to the expanded pool of buyers.

Impact on Real Estate Investment

Lower interest rates often make real estate investments more attractive compared to other asset classes. Investors seeking stable returns might turn to Calgary's real estate market, considering the reduced cost of borrowing and the potential for property value appreciation. This influx of investment can stimulate construction and development projects, contributing to the city's economic growth.

Considerations for Buyers and Sellers

While lower interest rates present opportunities, it's essential for buyers to assess their financial readiness and not rush into purchases solely based on reduced borrowing costs. Conducting thorough market research and understanding long-term financial commitments remain crucial. Sellers, on the other hand, should be prepared for increased activity and consider strategic pricing to capitalize on the heightened demand.

Conclusion

The Bank of Canada's recent rate cut is poised to influence Calgary's real estate market by lowering borrowing costs and potentially boosting housing demand. Both buyers and sellers should stay informed and approach the evolving market dynamics with careful planning to make the most of the current economic environment.

Bank of Canada Cuts Rates Amid Trade Tensions

reuters.com

Bank of Canada cuts rates by 25 basis points: Full text

2 days ago

Financial Times

Canada cuts rates as trade war shakes consumer and business confidence

Calgary Real Estate Market Update – February 2025

The Calgary real estate market saw significant shifts in February 2025, with inventory levels rising for the second consecutive month. While sales remained above long-term trends, they declined compared to last year, signaling a shift towards a more balanced market.

Rising Inventory and Market Shifts

Total inventory in February increased by an impressive 76% year-over-year, reaching 4,145 units. This growth was most pronounced in the more affordable apartment and row/townhouse sectors, leading to a months-of-supply level of 2.4—more than double what it was this time last year. Apartment-style units had the highest supply at 3.1 months.

February saw 1,721 sales, 19% lower than last year but still above historical averages. With 2,830 new listings, the sales-to-new listings ratio settled at 61%, indicating a softening of the seller's market that has dominated in recent years.

CREB® President and CEO Alan Tennant noted, “Even though more people listed their homes for sale, there were fewer sales than in February 2024. So, we’re seeing the seller’s market of the past two or three years ease off. In turn, that’s caused the pace at which prices are increasing to slow down, which should come as welcome news for buyers.”

Price Trends Across Housing Types

The unadjusted benchmark price for total residential properties in February was $587,600—relatively stable compared to late 2024 and up just 1% year-over-year. Price movements varied across districts, with the City Centre and North experiencing declines, while the East district saw the strongest price growth of over 3%.

Detached Homes:

• Sales fell nearly 20% to 765 units.

• New listings rose 6% to 1,265 units.

• Inventory increased by 61% year-over-year.

• Prices climbed 5% to a benchmark of $760,500, with the City Centre leading at an 8% increase.

Semi-Detached Homes:

• Sales dropped 14% to 165 units, while new listings rose 7% to 240 units.

• Inventory levels increased by 46%.

• Prices rose nearly 7% to $683,500, with the City Centre and South districts seeing the most growth at 8%.

Row/Townhouses:

• Sales declined over 9%, while new listings grew by nearly 4%.

• Inventory levels more than doubled compared to last year.

• Benchmark prices rose almost 3% year-over-year to $446,880, with the East district seeing a notable 12% increase.

Apartment Condominiums:

• Sales dropped 26% to 473 units but remained above long-term averages.

• Inventory surged by 90%, driven by record-high new listings.

• Prices rose nearly 4% to $334,200, with the West district seeing the strongest growth at 8%.

Regional Market Highlights

Airdrie:

• Sales declined 9% to 123 units, while new listings surged 23% to 225 units.

• Inventory more than doubled, pushing months of supply to nearly 3 months.

• Benchmark price was $537,600, up 1.6% year-over-year.

Cochrane:

• Sales reached 75 units, with new listings at 126, both higher than last year.

• Inventory rose 48% year-over-year, bringing months of supply to 2.6.

• Prices increased 5% to $577,100.

Okotoks:

• Sales dropped 4% to 45 units, while new listings rose 7% to 60.

• Inventory levels remained lower than historical averages at 69 units.

• Benchmark price remained stable at just under 1% growth from 2024.

What This Means for Buyers and Sellers

The Calgary market is shifting towards more balanced conditions, creating opportunities for both buyers and sellers. Buyers will appreciate the increased inventory and slower price growth, while sellers should adjust expectations as market conditions evolve.

For more insights or to discuss your real estate needs, feel free to reach out!

Stay tuned for next month’s market update!

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Looking for a beautiful 4-bedroom home in Airdrie? This move-in-ready home in Reunion has it all! Featuring 4 spacious bedrooms upstairs, including a luxurious primary suite with a 5-piece ensuite, this home is perfect for families.

The main floor boasts hardwood flooring, a bright dining room with coffered ceilings, a gourmet kitchen with granite countertops and a gas range, plus a cozy living room with a gas fireplace. There’s also a main-floor office and half-bath for extra convenience.

The fully finished basement (permitted!) offers a rec room, additional bedroom, half-bath, and a soundproof flex space—perfect for a home theater or studio. The backyard is fully landscaped with a deck, water feature, garden shed, and full fencing.

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