November 6, 2025 — Calgary Real Estate Update
Inventory levels eased over last month thanks to the combined impact of a monthly pullback in new listings and a monthly pick up in sales. With 6,471 units in inventory and 1,885 sales, the October months of supply returned to three-and-a-half months after pushing up to four months in September.
Year-to-date sales in the city totaled 20,082, down nearly 16 per cent compared to last year, but still in line with longer-term trends. Much of the decline in sales has been driven by pullbacks for apartment- and row-style homes.
"Improved rental supply and easing rents have slowed ownership demand for apartment- and row-style homes. It is also these segments of the market that have seen October inventories reach a record high for the month," said Ann-Marie Lurie, CREB's Chief Economist.
As of October, the total unadjusted residential benchmark price in Calgary was $568,000, down nearly one per cent compared to last month and over four per cent lower than last year. The largest price adjustments occurred for row- and apartment-style properties where prices eased by a respective six and seven per cent compared to last October.
DETACHED — BALANCED MARKET
October sales reached 1,012 units, an improvement over last month but still five per cent lower than last year. With just under three months of supply, conditions remain relatively balanced. Citywide detached benchmark prices eased to $744,400, one per cent lower than last year. Price adjustments ranged from a gain of nearly two per cent in the City Centre to a decline of over five per cent in the North East district.
SEMI-DETACHED — BALANCED MARKET
Sales improved over last month while new listings slowed, helping prevent further inventory gains. Conditions remain relatively balanced for semi-detached properties, which continue to outperform the higher-density segments.
ROW/TOWNHOME — BUYER'S MARKET
Row home inventory reached a record high for October, driving continued price declines. The months of supply in this segment is elevated compared to detached and semi-detached properties, favouring buyers.
APARTMENT/CONDOMINIUM — BUYER'S MARKET
Apartment-style homes continue to face the most challenging conditions. October inventory reached record levels for the month, with prices down seven per cent compared to last year. New home competition and increased rental supply continues to weigh on resale apartment prices.