Calgary Real Estate Market Update: August 2025 – A Market in Transition Creates New Opportunities

August 1, 2025

The Calgary housing market is experiencing a significant shift that’s creating exciting opportunities for both buyers and sellers. According to the latest data from the Calgary Real Estate Board (CREB), July 2025 has brought us a more balanced market with increased inventory and evolving price dynamics that benefit different segments of our community.

Market Overview: Supply Growth Brings Balance

Calgary’s housing inventory has reached 6,917 units in July, the highest levels we’ve seen since before the pandemic. This substantial increase in available homes represents a return to more normalized market conditions, moving away from the ultra-competitive seller’s market we experienced in recent years.

“Price declines are not occurring across all property types in all locations of the city, and even where there have been declines, it has not erased all the gains made over the past several years,” notes Ann-Marie Lurie, Chief Economist at CREB. This balanced perspective reminds us that while some adjustments are occurring, the market remains fundamentally strong.

What This Means for Home Buyers

Great News for Buyers! The current market conditions present several advantages:

More Choice and Less Competition: With inventory at pre-pandemic levels, buyers now have significantly more options to choose from. Gone are the days of multiple offer situations on every property.

Improved Negotiating Power: The shift to balanced conditions means buyers can take their time, conduct thorough inspections, and negotiate more favorable terms.

Apartment and Row Home Opportunities: These property types are seeing the most significant price adjustments, particularly in the North East and North districts, creating excellent entry points for first-time buyers and investors.

Regional Opportunities: Areas like Airdrie are showing attractive pricing, with benchmark prices at $532,800, nearly four percent below last year’s levels while still maintaining strong fundamentals.

What This Means for Home Sellers

Strategic Opportunities Remain: While the market has cooled from its peak, sellers can still capitalize on several positive factors:

Strong Baseline Values: Current prices remain well above historical norms, with most areas retaining the significant gains made over recent years.

Location Matters More Than Ever: Premium locations continue to perform well. The City Centre saw detached home prices rise nearly two percent, while areas like Cochrane maintain benchmark prices over two percent higher than last year.

Quality Stands Out: In a balanced market, well-presented, properly priced homes still attract strong interest. Professional staging and competitive pricing are more important than ever.

New Listings Activity: With 3,911 new listings in July (over eight percent higher than last year), sellers are actively participating in the market, indicating continued confidence.

District-by-District Highlights

Strong Performing Areas:

• City Centre: Showing resilience across property types with price growth
• North West, West, and South: Maintaining months of supply well below three months
• Cochrane: Benchmark price of $590,000, up over two percent from last year

Value Opportunities:

• North East and East: Offering the best value adjustments for buyers
• Airdrie: Strong fundamentals with attractive pricing at $532,800

The Bigger Picture: A Healthy Market Transition

This market shift represents a healthy normalization rather than a cause for concern. We’re moving from an unsustainable seller’s market to balanced conditions that serve both buyers and sellers more effectively.

The factors driving these changes, including persistent economic uncertainty, stable lending rates, and competition from new home construction, are temporary market influences rather than fundamental structural problems.

Looking Ahead: Timing Your Move

For Buyers: This fall presents an excellent window of opportunity. With four months of supply in the apartment sector and three months for detached homes, you have time to make informed decisions without the pressure of recent years.

For Sellers: Price strategically and present your home professionally. While you may not see the rapid appreciation of 2023-2024, well-positioned properties continue to sell effectively in this more selective market.

Regional Markets: Diverse Opportunities

Okotoks continues to show the tightest conditions with only two months of supply, making it attractive for sellers, while Airdrie and Cochrane offer different value propositions for buyers seeking more space and value.

Conclusion: Embracing Market Balance

Calgary’s real estate market is demonstrating the kind of healthy adjustment that creates sustainable, long-term value for our community. Whether you’re looking to buy your first home, upgrade to accommodate a growing family, or make a strategic investment, the current market conditions offer distinct advantages that weren’t available during the heated competition of recent years.

The key to success in today’s market is working with experienced professionals who understand these nuanced conditions and can help you navigate the opportunities available in your specific situation and preferred locations.

Source: Calgary Real Estate Board (CREB) July 2025 Housing Market Update