The Calgary Real Estate Board released their latest market report for May 2025:

Price adjustments mostly driven by apartment and row style homes

Last year there was limited inventory across most property types and price ranges. Recent inventory gains are creating pockets of the market that are struggling with too much supply while in other areas supply levels are still low relative to the demand, resulting in divergent trends in home prices. Both detached and semi-detached home prices have remained relatively stable this month and are still higher than last year’s levels. Meanwhile, row and apartment style homes have reported modest monthly price declines and May prices remain below last year’s levels, as improved new home and rental supply is weighing on resale prices.

Detached Homes- New listings in May rose to 2,419 units, with most of the gains driven by homes priced over $600,000. The North East district has seen the largest pullback in resale sales activity combined with some of the highest gains in new listings. This has driven the sales-to-new listings ratio down to 41 per cent and the months of supply was nearly four months in May.  

City-wide the unadjusted benchmark price was $769,400, similar to last month, one percent higher than last May, and still above last year’s seasonal peak price.  

Semi-detached Homes- The 428 new listings in May were met with 256 sales, causing the sales-to-new-listings ratio to rise to 60 per cent this month. This slowed the pace of inventory growth and the months of supply remained just above two months.  Semi-detached homes continue to remain less than 10 per cent of all sales and inventory levels in the city.  The North East has the highest months of supply at nearly three months and is reporting some price declines, while the tightest conditions are in the North West, where prices continue to rise.

The unadjusted benchmark price was $697,300, a monthly gain of less than one per cent, nearly three per cent higher than last year’s levels and above last year’s seasonal peak.

Row Housing- Row home sales have eased over last year’s near record high pace but stayed well above long-term trends.  However, the gain in new listings has continued to cause further inventory gains. For the second month in a row, inventory levels were over 1,000 units; we have not seen this much inventory for row units since 2021. 

We are starting to see higher months of supply in the North East district at 3.5 months, resulting in some downward pressure on prices. The North, North West and South areas have also reported higher year-over-year pullbacks in resale prices, as improved supply choice for new properties are impacting resale activity.

Overall, the benchmark price in May was $453,600, down over last month, nearly two per cent below last May, and lower than last year’s seasonal high.  

Apartments- Sales this month totaled 579 units, a significant decline over last May’s record high of 907 units. While new listings were lower than levels reported last year, they remained high compared to sales, causing the sales-to-new listings ratio to drop to 47% this month. This contributed to further inventory gains and drove the months of supply up to 3.6 months. High levels of apartment rental units under construction are adding to the rental supply and contributing to rent adjustments. This is likely slowing condo ownership demand coming from existing renters and potential investors, contributing to some of the shifts witnessed in the apartment condominium sector.

In May the benchmark price eased to $335,300, down from last month and over one per cent lower than last year. The steepest declines are occurring in the North East and South East districts, where competition from the new home market is weighing on resale pricing. While prices have eased and are below peak levels, recent declines have not offset the double-digit gains reported over the past two years.

Airdrie market- While improving over last month, May sales eased compared to last year, contributing to the year-to-date decline of 10 per cent. However, the 772 sales so far this year are consistent with long-term trends in Airdrie. At the same time new listings continue to rise causing the sales-to-new listings ratio to fall to 58 per cent, still well within balanced conditions, but a significant change from the over 90 per cent ratio reported last year. 

The shift in supply is in part related to the surge in new construction providing more options for potential consumers. Additional supply choice is impacting price growth. The total residential benchmark price was $540,600 in May, down nearly one per cent over last month and nearly two per cent below last year’s levels.

Cochrane market- Sales in Cochrane were fairly resilient until this month, where sales were 17 per cent slower than last year. The decline was enough to cause year-to-date sales to ease to levels just below those reported last year.  At the same time, this month new listings surged, driving the sales-to-new listings ratio down to 55 per cent and supporting further inventory gains.  With 293 units available in May, levels are more consistent with long-term trends. The months of supply neared three months in May and while this did slow the pace of price growth, the total residential benchmark price of $589,400 is still nearly four per cent higher than last May.

Okotoks market- A boost in new listings this month supported a surge in sales activity. However, with a sales-to-new-listings ratio of 74%, inventory levels did not change much over last month and the months of supply once again dropped below two months. 

While there have been some improvements in inventory levels, as of May levels remained nearly 28 per cent below long-term trends for the city.  The limited supply choice given the relatively strong demand has continue to support some price growth in the town. As of May the unadjusted benchmark price was $633,900, up over last month and over two per cent higher than last year.  

Click here to view the full City of Calgary monthly stats package.

Click here to view the full Calgary region monthly stats package.

The Calgary Real Estate Board released their latest market report for April 2025:

Balanced conditions take pressure off prices

A boost in new listings this month relative to sales caused April inventories to rise to 5,876 units. Although this is more than double the number reported last year, last year’s supply was exceptionally low, and current inventory levels are consistent with what we typically see in April. April sales reached 2,236 units—22 per cent below last year’s levels but in line with long-term trends.

Detached Homes- Detached sales were 1,102 units in April, a year-over-year decline of 16 per cent. While sales eased across most areas of the city, the South East district has seen sales rise over last year's levels. April saw 1,907 new listings come onto the market, and the sales-to-new-listings ratio remained balanced at 58 per cent. Inventories rose to 2,511 units, and the months of supply rose to 2.3 months. While this is a significant gain over the less than one month of supply reported last year at this time, conditions remain relatively tight, especially in the lower price ranges.

Semi-detached Homes- Easing sales in April contributed to the year-to-date decline of nearly 16 per cent. The 190 sales in April were met with 350 new listings, and the sales-to-new-listings ratio fell to 54 per cent. This also caused further gains in inventory levels, which reached 484 units. The rise in inventory did help push the market toward balanced conditions with 2.6 months of supply, a significant improvement over the less than one month reported at this time last year.

The shift toward more balanced conditions has slowed the pace of price growth. In April, the unadjusted benchmark price was $691,700, similar to last month and over three per cent higher than last year. The City Centre reported the largest gain, at over five per cent, while prices in the North remained stable compared to last year.

Row Housing- April sales slowed for row homes, contributing to the year-to-date decline of 16 per cent. Meanwhile, new listings continued to rise compared to last year, driving the sales-to-new-listings down to 51 per cent. In April, inventories reached 1,005 units, the highest level reported since 2021, and the months of supply rose to nearly three months. Improved supply has taken some of the pressure off prices,

In April, the unadjusted row price was $457,400, a slight gain over last month, but relatively unchanged compared to April of last year and still below last year's peak price reported in June. The pullbacks reported in the North and North East districts offset year-over-year gains in most districts.

Apartments- April sales eased by nearly 30 per cent over last year's record high but were far stronger than long-term trends. While sales have remained relatively strong, new listings in April reached a record high for the month, supporting further gains in inventory levels. With three months of supply in the city, conditions are considered relatively balanced. However, activity does range significantly based on location, impacting price movements.

The North East district reported the highest months of supply at seven months, resulting in a year-over-year price decline of two per cent and a spread of over seven per cent from last year's high. Overall, the April benchmark price in the city was $336,000, similar to last year but still three per cent lower than last year's record high.

Airdrie market- For the third month in a row, sales activity eased compared to last year's levels. Despite the declines, sales remain above long-term trends. At the same time, new listings continue to rise, but with 185 sales and 290 new listings in April, the sales-to-new listings ratio reached 64 per cent, an improvement over recent months. Inventory levels continued to trend up this month. However, after three consecutive years of exceptionally low April levels, inventory is now consistent with long-term trends. With 2.3 months of supply, conditions are moving to a more balanced state, taking the pressure off home prices. In April, the total residential price was $544,700, relatively unchanged compared to both last month and last year's levels.

Cochrane market- For the fourth month in a row, sales activity in the area has remained consistent with last year's levels, resulting in 335 sales so far this year, a nearly five per cent gain over last year and consistent with long-term trends. New listings have also been on the rise, but the sales-to-new-listings ratio has remained at 60 per cent, preventing the doubling of inventory in this market. While inventory levels have improved compared to last year, the 246 units available in April are just shy of long-term trends. Like other areas, improvements in supply have slowed the pace of price growth, but in Cochrane, prices are still edging up. In April, the total residential benchmark price was $592,000, trending up over last month and nearly six per cent higher than prices reported in the previous year and at a record high.

Okotoks market- Sales in Okotoks continue to ease compared to last year, contributing to the year-to-date decline of 16 per cent. Over the past few years, sales have been restricted by a lack of supply. However, this year we have started to see a shift. New listings continue to improve in April compared to sales, causing the sales-to-new-listings ratio to ease to 53 per cent, supporting inventory gains. However, with 127 units in inventory in April, levels remain below long-term trends for the month. The modest gains in inventory have slowed the pace of price growth in the area. As of April, the unadjusted benchmark price was $627,100, down slightly from last month, but nearly two per cent higher than last April.

Click here to view the full City of Calgary monthly stats package.

Click here to view the full Calgary region monthly stats package.

The Calgary Real Estate Board released their latest market report for March 2025:

Uncertainty weighing on housing market

Ongoing economic uncertainty, driven by tariff threats, has weighed on consumer confidence and impacted housing activity in March. Sales declined by 19 per cent year-over-year, totaling 2,159 units. Sales slowed across all property types, with the steepest declines seen in higher-density segments.

March reported over 4,000 new listings, causing the sales-to-new-listing ratio to drop to 54 per cent, low enough to support further inventory gains. Total residential inventory levels reached 5,154 units, and the months of supply pushed up to 2.4 months. While this is a significant change from last year, with limited supply options across all property types and price ranges, conditions reflect a better balance between a seller and a buyer today. However, the market significantly varies depending on location, price point, and property type.

Detached Homes- Benchmark price $769,800 and 2.13 months of supply. Detached sales totaled 1,035 units in March, a year-over-year decline of 10 per cent.  The months of supply continue to remain tight with less than two months of supply for homes priced below $700,000. We are seeing a shift toward more balanced conditions for homes priced above $800,000.

Semi-detached Homes- Benchmark price $691,900  with 2.24 months supply (the highest monthly level reported since the end of 2022). March sales slowed over last year's levels, contributing to the first quarter decline of 11 per cent.  Year-over-year gains ranged across the city, with the largest gains occurring in the City Centre and West districts.

Row Housing- Benchmark price $454,000 with 2.07 months of supply. March reported a surge in new listings with 697 units. The growth in new listings was met with 400 sales, causing the sales-to-new-listings ratio to ease, and inventories to rise from the lower levels reported last year. Supply levels improved across all price ranges, with much of the gains occurring in the North East, North and South East districts

Apartments- Benchmark price $336,100 with 3.17 months of supply. After the first quarter, condo sales reported the largest decline over last year compared to other property types. However, we achieved record highs last year, and the 1,383 sales remain well above long-term trends for the first quarter. Prices are below peak across all districts, but the largest declines have occurred in the North and North East areas

Airdrie market- The unadjusted benchmark price of homes is $554,900, with 2.49 months of supply. In March, the unadjusted detached benchmark price was $651,300, up over last month and over two per cent higher than prices reported last year. Recent gains have narrowed the gap from the peak price of $657,400 reported in June 2024.

Cochrane market- unadjusted benchmark price of homes $587,500, with 2.24 months supply. In March, detached benchmark prices reached $686,800, a gain over last month and over five per cent higher than last year. While price growth has slowed over last year, the current March price does reflect a new unadjusted record high for the town.

Okotoks market- unadjusted benchmark price of homes $630,300 with 1.81 months of supply. While price growth has eased from last year, in March the unadjusted detached benchmark price reached $715,500, a new unadjusted record high and over five per cent higher than levels reported last year at this time.

Click here to view the full City of Calgary monthly stats package.

Click here to view the full Calgary region monthly stats package.

The Calgary Real Estate Board released their latest market report for February 2025:

Sales remain above long-term trends despite declines

For the second month in a row, inventory levels saw substantial year-over-year growth, rising by 76 per cent to 4,145 units in February. While inventory increases were seen across all price ranges, the largest increases were in homes priced under $500,000; this increase was driven by substantial growth in the more affordable apartment and row/townhouse sectors. The overall months of supply were 2.4, similar to last month but more than double this time last year. Apartment-style units remained the most well-supplied at 3.1 months.

Detached Homes- Benchmark price $760,500 and 2.22 months of supply. Sales in February slowed to 765 units, nearly 20 per cent lower than last year. New Listings increased by nearly six per cent year-over-year to 1,265 units. The City Centre and North East districts continue to trend towards more balanced conditions, while the South and North West districts remain supply-constrained at approximately 1.6 months

Semi-detached Homes- Benchmark price $683,500  with 1.98 months supply. There were 240 new listings in February, a gain of seven per cent from 2024. Sales fell by nearly 14 per cent compared to 2024, slowing to 165 units.  There was a large variation in months of supply across the city, with a low of just one month in the North West district compared to a high of eight months in the East district.

Row Housing- Benchmark price $446,800 with 2.06 months of supply. Months of supply improved across the city; the South and East districts have the tightest conditions at under 1.5 months, while the North East district has almost three months

Apartments- Benchmark price $334,200 with 3.10 months of suppy. Driven by the record new listings, inventory increased by 90 per cent yearover-year and also pushed to near-record levels. Months of supply reached 3.1 months in February, a substantial 155 per cent increase over 2024 but still well below record levels seen in the period between the 2014 oil crash and the pandemic

Airdrie market- unadjusted benchmark price of homes is $537,600, with 2.8 months of supply. The overall Airdrie market fell roughly in line with its long-term averages in February, with sales declining while new listings and inventories rose to levels typical of the month.

Cochrane market- unadjusted benchmark price of homes $577,100, with 2.61 months supply. Inventory increased by over 48 per cent year-over-year to 196 units, the highest level seen in any month since the spring of 2021 but still below long-term averages for February in the Cochrane market

Okotoks market- unadjusted benchmark price of homes $616,900 with 1.53 months of supply. New listings increased by seven per cent compared to 2024, and, at 60 units, remained well below levels typically seen in February.

Click here to view the full City of Calgary monthly stats package.

Click here to view the full Calgary region monthly stats package.

The Calgary Real Estate Board released their latest market report:  Following three consecutive years of limited supply choice, inventory levels rose to 3,639 units. While the 70% year over year gain is significant, inventory levels remain lower than the over 4,000 units we would typically see in January, with some of the largest gains driven by apartment-style condominiums.

Detached Homes- Benchmark price $750,800 and 2.15 months of supply. With 1,448 units of inventory which is 27% lower than traditional levels. More balanced contions are taking shape in the City Centre and North East districts. On a seasonally adjusted basis prices have remained relatively stable since the second half of last year.

Semi-detached Homes- Benchmark price $673,600 with 1.92 months supply. Invenotry levels at 307 units. There is significant variation depending on district with some locations reporting higher months of supply and modest monthly price declines.

Row Housing- Benchmark price $444,900 with 2.38 months of supply. Inventory of 589 units is more than double the near-record low levels report last January. Improving supply has taken the pressure off home prices.

Apartments- Benchmark price $331,400 with 3.5 months of suppy. With inventory of 1,295 this is much higher than the levels seen over the past three years but nowhere near the 9 months of supply seen in the January before the pandemic. Improved supply has weighed on prices in the last 5 months, with some of the largest declines seen in the North, West, and South.

Airdrie market- unadjusted benchmark price of homes is $537,300, with 2.6 months of supply. Prices are up 4% since this time last year.

Cochrane market- unadjusted benchmark price of homes $565,900, with 2.2 months supply. Prices are up 5% since this time last year.

Okotoks market- unadjusted benchmark price of homes $614,900 an increase of 5% since this time last year.  With are 2.19 months of supply.

Click here to view the full City of Calgary monthly stats package.

Click here to view the full Calgary region monthly stats package.

The Calgary Real Estate Board released their latest market report.  In November, increased sales in detached, semidetached, and row homes offset a decline in apartment condominium sales. The 1,797 sales for November mirrored last year’s levels and remained 20 per cent above long-term trends for the month

Detached Homes- benchmark price $750,100 an 7% increase since this time last year, with 2.14 months of supply.

Semi-detached Homes- benchmark price $675,100 an 8% increase since this time last year, with 2.10 months supply.

Row Housing- benchmark price $454,300, an 7% increase since this time last year, with 1.98 months of supply.

Apartments- benchmark price $337,800, an 9% increase since this time last year.  With 3.45 months of supply.

Airdrie market- unadjusted benchmark price of homes is $543,300, with 2.73 months of supply. Prices are up 4.1% since this time last year.

Cochrane market- unadjusted benchmark price of homes $568,600, with 2.65 months supply. Prices are up 3.8% since this time last year.

Okotoks market- unadjusted benchmark price of homes $624,00, an increase of 6% since this time last year.  With are 1.44 months of supply.

Click here to view the full City of Calgary monthly stats package.

Click here to view the full Calgary region monthly stats package.

The Calgary Real Estate Board released their latest market report.  Sales gains for home priced above $600,000 offset declines at the lower end of the market, resulting in October sales that were similar to last year. The 2,174 sales in October increased over September and stood 24 per cent above long-term trends for the month.

Detached Homes- benchmark price $753,900 an 8.1% increase since this time last year, with 2.05 months of supply.

Semi-detached Homes- benchmark price $677,000 an 8% increase since this time last year, with 2.05 months supply.

Row Housing- benchmark price $456,600, an 8.1% increase since this time last year, with 2.22 months of supply.

Apartments- benchmark price $341,700, an 11.4% increase since this time last year.  With 2.84 month of supply.

Airdrie market- unadjusted benchmark price of homes is $546,300, with 2.37 months of supply. Prices are up 5.3% since this time last year.

Cochrane market- unadjusted benchmark price of homes $571,800, with 2.34 months supply. Prices are up 6.1% since this time last year.

Okotoks market- unadjusted benchmark price of homes $618,300, an increase of 6.3% since this time last year.  With are 1.72 months of supply.

Click here to view the full City of Calgary monthly stats package.

Click here to view the full Calgary region monthly stats package.

The Calgary Real Estate Board released their lastet market report.  The market has shifted and the months of supply is up by 81.6%  and inventory up by 49.7% (since September 2023). We are reaching a balanced market, which is more stable situation for buyers and sellers.  

Detached Homes- benchmark price $757,100 this is a slight decline over prices last month, but a 9% increase since this time last year.

Semi-detached Homes- benchmark price $678,400, with just over 2 months supply currently favouring the seller.

Row Housing- benchmark price $459,200, with nearly 2 month supply which favours the sellers.  Prices are up by 10% since this time last year.

Apartments- benchmark price $345,000, with 75% of apartments priced over $300,000.  There is currently 3.2 month of supply and this is now a balanced market.

Aidrie market- unadjusted benchmark price of homes is $551,000, with 2.3 months of supply. Prices are up 7% since this time last year.

Cochrane market- unadjusted benchmark price of homes $578,300, with 3 months supply, making this a balanced market (this first time since the end of 2020).  Prices are up 9% since this time last year.

Okotoks market- unadjusted benchmark price of homes $630,300, this is 1% higher than last month, and 9% higher than this time last year.  There are 2 months of supply (not seen since early 2021).  

Click here to view the full City of Calgary monthly stats package.

Click here to view the full Calgary region monthly stats package.