Cooling Off Without Slowing Down: Calgary’s 2025 Housing Market

After several years of fast price growth, Calgary’s housing market cooled and balanced out in 2025.

More homes became available for sale, while buyer demand eased slightly. This shift moved the market away from being heavily seller-friendly and into a more balanced market, where buyers and sellers have more equal negotiating power.

What changed in 2025?

• More homes for sale: Over 40,000 properties were listed in 2025, giving buyers more choice.
• Fewer sales than last year: Sales dropped compared to 2024 but remained consistent with long-term averages.
• Slower demand: Population growth slowed, and economic uncertainty caused some buyers to pause.

How did this affect prices?

• Overall prices dipped slightly (down about 2% on average).
• Detached and semi-detached homes still saw small price increases.
• Condos and townhomes experienced modest price declines due to higher supply.
• Some neighbourhoods remained competitive, while others shifted toward buyer-friendly conditions.

Neighbourhood differences matter

Price changes weren’t the same across the city. The North East saw the biggest price drop, partly because prices there had risen the most in recent years. This highlights why location and property type matter more than ever.

What this means going into 2026

For the first time in three years, Calgary is entering the new year with healthier inventory levels:

• Buyers have more options and negotiating power.
• Sellers need strong pricing, preparation, and marketing to stand out.

If you’re thinking about buying or selling, understanding how these changes affect your specific neighbourhood and home type is key—and that’s where expert guidance makes the difference.

Calgary Housing Market Breakdown: What 2025 Means for Buyers & Sellers

Detached Homes (Single-Family)

Detached homes remained the most active part of the market, though sales slowed slightly in 2025.

• Sales were down about 9% compared to last year.
• More homes came on the market, especially in the North East and East, giving buyers more options.
• These areas saw small price declines (around 2%).
• In the City Centre, fewer homes were available, which helped prices increase by over 3%.
• Overall, detached home prices across Calgary rose slightly (up 1%), with the average price around $753,000.

What this means:
Detached homes are no longer moving as quickly as before, but well-priced homes in desirable areas are still holding their value.

Semi-Detached Homes (Duplexes)

Semi-detached homes make up a smaller portion of the market but performed relatively well.

• Sales dipped slightly but stayed close to long-term averages.
• This segment took longer to cool down, which helped prices grow.
• Prices increased nearly 3% citywide, averaging about $686,000.
• The City Centre saw the strongest growth, while the North softened slightly due to competition from new builds.

What this means:
Semi-detached homes remain appealing, especially in central locations, and continue to show solid price stability.

Row Homes (Townhomes)

Townhomes played a growing role in Calgary’s housing market in 2025.

• Sales declined compared to last year but remained strong overall.
• More listings gave buyers increased choice.
• Market conditions shifted to balanced—and even buyer-friendly in some areas.
• Prices declined about 2% on average.
• The North East and North districts saw larger price drops due to increased supply and competition from new homes.

What this means:
Townhome buyers have more negotiating power, while sellers need to price competitively and market strategically.

Apartment Condominiums

Condos experienced the biggest shift in 2025.

• Sales dropped significantly compared to last year’s record highs.
• A large increase in rental and condo supply gave buyers many options.
• By mid-year, conditions clearly favoured buyers.
• Prices fell nearly 3% overall, with the largest declines in the North East.
• The West district remained relatively stable.

What this means:
Condo buyers are in a strong position, while sellers must focus on pricing, presentation, and timing.

Surrounding Community Market Highlights

Airdrie

• Inventory rose to levels not seen since before the pandemic.
• Buyers had more choices due to new construction and resale competition.
• Prices declined about 2%.

Takeaway:
Airdrie is more buyer-friendly than it’s been in years.

Cochrane

• Demand stayed strong and sales remained healthy.
• More listings helped balance the market, but not enough to push prices down.
• Prices rose nearly 3%, averaging about $578,000.

Takeaway:
Cochrane continues to show strength, especially with newer homes.

Okotoks

• Inventory increased but remained well below normal levels.
• Limited supply kept the market competitive.
• Overall price growth was modest, but condo prices rose sharply, while detached homes saw smaller gains.

Takeaway:
Okotoks remains tight on supply, supporting stable prices, especially for condos.

In 2025, Calgary shifted toward a healthier, more balanced market, with clear differences depending on home type and location. Buyers have more options and negotiating room, while sellers need to be strategic to achieve top value.

Thinking of Buying or Selling in 2026?

Market conditions now vary significantly by property type, neighbourhood, and price range. Knowing how these trends apply to your situation can make a meaningful difference in your results.

Let’s talk.

Whether you’re considering buying, selling, or just planning, we are happy to provide:

• A personalized market snapshot for your neighbourhood
• Pricing and timing guidance tailored to your goals
• A clear strategy to help you move with confidence in 2026

Reach out anytime to book a no-obligation consultation.