Canadian Housing Market Shows Strong Recovery – What This Means for Calgary Homebuyers and Sellers

As a Calgary real estate professional, I’m excited to share some encouraging news from the Canadian Real Estate Association (CREA) that signals positive momentum for our local market and homeowners across the country.

Market Recovery is Finally Here

The numbers don’t lie – Canadian home sales jumped 3.8% in July alone, marking the fourth consecutive month of growth. Even more impressive? We’ve seen a cumulative 11.2% increase in transactions since March. As CREA’s Senior Economist Shaun Cathcart noted, “the long-anticipated post-inflation crisis pickup in housing seems to have finally arrived.”

This recovery isn’t just a blip on the radar. We’re seeing actual monthly activity running 6.6% higher than July 2024, which tells us that buyer confidence is genuinely returning to the market.

What This Means for Calgary Real Estate

While the Greater Toronto Area led much of this national growth with a remarkable 35.5% rebound since March, Calgary continues to benefit from these broader market trends. Our city has always been known for its resilient real estate market, and these national indicators suggest we’re well-positioned for continued stability and growth.

The fact that new supply remained essentially flat (+0.1%) while sales increased significantly has pushed the national sales-to-new listings ratio to 52% – moving us closer to the balanced market conditions that both buyers and sellers appreciate. For Calgary, this means:

• Better opportunities for sellers as demand increases relative to supply
• More realistic pricing as the market finds its equilibrium
• Increased buyer activity as confidence returns to the market

Pricing Stability Brings Confidence

Perhaps most encouraging for Calgary homeowners is the pricing stability we’re seeing nationally. The MLS® Home Price Index remained unchanged month-over-month, and while we’re still seeing year-over-year declines of 3.4%, these decreases are getting smaller each month. The national average home price of $672,784 actually edged up 0.6% from July 2024.

This stabilization is exactly what Calgary’s market needed – it provides confidence for buyers who were waiting on the sidelines and gives sellers realistic expectations for their property values.

The Fall Market Opportunity

CREA Chair Valérie Paquin made an important observation: “Activity continues to pick up through the transition from the spring to the summer market, which is the opposite of a normal year.” This unusual pattern suggests that Calgary buyers and sellers who typically wait for the traditional fall market rush might want to consider acting sooner rather than later.

With inventory sitting at 4.4 months nationally (below the long-term average of five months), and more buyers returning to the market, the fall season could present excellent opportunities for both sides of transactions in Calgary.

Looking Ahead

As we move into September, industry experts are watching for the traditional “burst of new listings” that typically kicks off the fall market. However, with buyer activity already picking up, this could create a more competitive environment than we’ve seen in recent months.

For Calgary residents considering buying or selling, these national trends suggest that now might be an ideal time to explore your options. The market is showing clear signs of recovery, pricing has stabilized, and the supply-demand balance is moving toward more favorable conditions.

The post-inflation crisis recovery that experts have been predicting appears to have arrived, and Calgary’s real estate market is well-positioned to benefit from this positive momentum.

Source: Canadian Real Estate Association (CREA) – “Canadian Home Sales Continue to Climb in July, National Benchmark Price Remains Steady” – August 15, 2025, Ottawa, ON. Report includes analysis from Shaun Cathcart, CREA Senior Economist, and Valérie Paquin, CREA Chair.