Calgary Housing Market Update – October 2025

The number of homes available for sale in Calgary decreased slightly in October. This happened because fewer new homes were listed, while sales increased compared to the previous month. There were 6,471 homes for sale and 1,885 homes sold, which means it would take about three and a half months to sell everything currently on the market if no new homes were added. This is an improvement from September.

Homes such as rowhouses and apartments still have more supply than demand, while detached and semi-detached houses remain more balanced.

So far this year, Calgary has seen 20,082 home sales—about 16% fewer than last year, but still normal for the long term. Most of this decline is due to fewer sales of apartments and rowhouses.

According to CREB® Chief Economist Ann-Marie Lurie, the rental market is improving, rents are easing, and this has reduced the demand for owning apartment-style and row-style homes. As a result, these types of properties have reached record-high inventory levels in October. When supply is high and demand is lower, prices tend to drop.

Overall Prices

The typical home price in Calgary is now $568,000. That’s down almost 1% from last month and over 4% lower than this time last year. Rowhouses and apartment-style homes are seeing the biggest declines, with prices dropping around 6–7% compared to last year.

Breakdown by Property Type

Detached Homes

• Sales improved since last month but are 5% lower than last year.

• New listings increased, slightly reducing inventory.

• Prices continue to adjust depending on the neighbourhood.

• The typical detached home price is now $744,400, about 1% lower than last year.

• Some areas saw small increases, while places like the North East saw declines of over 5%.

Semi-Detached Homes

• Sales rose and new listings slowed.

• Inventory remains stable.

• Prices have softened recently, but the typical price of $683,100 is still 1% higher than last year.

• Year-to-date, prices are about 3% higher.

Rowhouses

• Sales are down 17% this year but remain higher than long-term averages.

• Inventory is at record highs, 32% above typical levels.

• Supply remains high, putting downward pressure on prices.

• The typical price is $431,200, nearly 6% lower than last year.

Apartment Condominiums

• New listings slowed slightly, helping stop inventory from climbing further.

• There is still nearly five months of supply, which places buyers in a stronger position.

• Prices continue to fall and are now nearly 7% lower than last year.

• The typical apartment price is $318,200.

• The largest price drops are in the North East and South East areas due to more competition and higher supply.

Regional Highlights

Airdrie

• Sales remain normal, but new listings hit a record high for October.

• Higher inventory has pushed prices down since April.

• The typical home price is $520,400—nearly 5% lower than last year.

Cochrane

• Sales improved, and new listings decreased slightly.

• Inventory stopped growing, and the market remains more balanced.

• The typical price is $585,200—over 2% higher than last year.

• Year-to-date prices have risen nearly 4%.

Okotoks

• New listings increased significantly, while sales slowed.

• Inventory is improving but still below normal long-term levels.

• This has helped stabilize prices.

• The typical home price is $618,600—up from last month and similar to last October.

• Year-to-date prices are up over 1%.