July 4, 2025 — Calgary Real Estate Update
Inventory levels in June continued to rise, both over last month's and last year's levels. By the end of the month, inventory reached 6,941 units, returning to levels reported in 2021. While sales remained consistent with long-term trends, higher levels of new listings compared to sales have contributed to the inventory gain.
"Supply has improved across rental, resale and new home markets, allowing for more choice for those considering their housing options," said Ann-Marie Lurie, Chief Economist at CREB. "The additional choice combined with no further declines in lending rates, persistent uncertainty and concerns of price adjustments is keeping many potential purchasers on the sidelines."
The unadjusted benchmark price was $586,200 in June, lower than last month and over three per cent lower than last year. Much of the citywide decline was driven by apartment and row style homes, which are over three per cent lower than last year. Detached prices have remained relatively stable.
DETACHED — BALANCED MARKET
Sales in June were 1,194 units, six per cent lower than both last year and last month. Only the North East district is experiencing conditions that favour the buyer, with prices declining by four per cent compared to last June. The unadjusted benchmark price in Calgary was $764,300, less than one per cent lower than both last month and last year's price.
SEMI-DETACHED — BALANCED MARKET
Semi-detached conditions remain relatively balanced. Prices are slightly above last year's levels as this segment continues to see stronger demand relative to supply compared to higher-density property types.
ROW/TOWNHOME — BUYER'S MARKET
Row homes have seen inventory rise over 30 per cent above long-term trends, driving conditions that favour buyers. Prices are declining as new home competition and resale inventory gives buyers more options.
APARTMENT/CONDOMINIUM — BUYER'S MARKET
Apartment-style homes have seen the steepest price declines year-over-year at over three per cent. With nearly four months of supply, this segment is firmly in buyer's market territory across most districts of the city.