Calgary’s real estate market in February 2025 experienced notable shifts, impacting both buyers and sellers. With increased housing inventory and evolving price trends, understanding these changes is essential for anyone navigating Calgary’s real estate landscape.

What Happened to Sales Activity in Calgary’s Real Estate Market?

In February 2025, Calgary recorded 1,721 residential property sales, a 19% decline compared to the previous year. Despite this drop, sales stayed above average for February, showing continued interest in Calgary’s real estate market. The decline in sales is linked to affordability challenges and a natural cooling after a period of heightened activity.

Why Did Inventory Levels Rise in Calgary’s Housing Market?

Calgary’s housing inventory increased by 75%, reaching 4,145 units, with a significant rise in homes priced under $500,000. The surge in listings, particularly in the apartment and townhouse sectors, has provided more options for buyers. The months of supply rose to 2.4, suggesting a move toward a balanced market, especially for apartment-style units, which now have 3.1 months of supply.

How Are Price Trends Shaping Calgary’s Real Estate Market?

The unadjusted benchmark price for residential properties in Calgary was $587,600 in February 2025, showing a modest 1% year-over-year increase. Detached homes saw a 5% price increase, with the benchmark price rising to $760,500. Downtown Calgary experienced the most significant price growth, close to 8%, indicating strong demand in the city’s core.

What’s the Outlook for Detached Homes in Calgary?

Sales of detached homes fell by nearly 20% year-over-year to 765 units in February 2025. However, new listings grew by 6%, leading to a 61% rise in inventory. This shift contributed to a 5% year-over-year increase in the benchmark price for detached homes. The downtown area, in particular, saw substantial price growth, reflecting ongoing interest in this segment of Calgary’s real estate market.

Are Semi-Detached Homes in Calgary Becoming More Affordable?

Semi-detached homes in Calgary saw a 7% rise in new listings but a nearly 14% drop in sales, totaling 165 units. The increase in inventory, which grew by 46%, suggests that buyers may find more negotiating power in this segment. However, inventory levels for semi-detached homes remain below long-term averages for February.

Is Calgary’s Townhouse Market Moving Towards Balance?

New listings for townhouses in Calgary increased by 29.5%, reaching 676 units by mid-February 2025. Sales in this segment decreased by 14.15%, with a total of 370 units sold. The median price for townhouses rose by 14.4% to $457,500, indicating that demand, while softening, remains robust. Extended days on market suggest that buyers have more time to decide, pointing towards a more balanced townhouse market.

How Is Calgary’s Apartment Market Evolving?

Calgary’s apartment market saw a 26.07% increase in new listings, totaling 1,291 units by mid-February. Sales, however, declined by 23.66%, totaling 571 units. The median price for apartments rose by 13.04% to $319,900, while the average price saw a 5.03% increase. With extended days on market, buyers have more options and time to make decisions, which could influence future price trends.

What’s Happening in Airdrie, Cochrane, and Okotoks?

In Airdrie, sales remained stable, while new listings increased, boosting inventory levels. The benchmark price rose nearly 4% to $537,300. Cochrane saw similar trends, with rising inventory and a benchmark price of $565,900, nearly 5% higher than last year. Okotoks, however, continues to face limited supply, maintaining upward pressure on prices.

What Does This Mean for Calgary’s Real Estate Market Moving Forward?

Calgary’s real estate market appears to be stabilizing, with increased inventory offering more choices for buyers and moderating price growth. The shift from a hot seller’s market to a more balanced environment suggests that prospective buyers may find better opportunities in the coming months. Interest rates and economic factors will play a crucial role in shaping the market’s direction.

Are You Planning to Buy or Sell in Calgary’s Real Estate Market?

Calgary’s real estate market is going through some changes, and making the right move can feel tricky. If you’re looking for a new home, thinking of selling, or exploring investment options, having someone who really understands the market can help.

That’s where Sukhbir Matta at Keypoint Real Estate comes in. Sukhbir knows the trends and can walk you through your options with ease. Give Sukhbir Matta a call at (403) 425-5000 to chat about your next steps—you might just find the opportunity you’ve been waiting for.