Calgary’s Housing Market Shows Resilient Growth in Key Districts: September 2025 Analysis

As we navigate through the fall of 2025, Calgary’s real estate landscape continues to present compelling opportunities for both buyers and investors. While headlines may focus on overall market adjustments, a closer examination of the September 2025 data from the Calgary Real Estate Board (CREB) reveals an encouraging story of resilience and growth in several key areas of our vibrant city.
The Silver Lining: Areas Experiencing Year-Over-Year Growth
In a market characterized by recalibration, three distinct areas of Calgary have bucked the broader trend, demonstrating remarkable strength and continued appreciation in detached home values. These pockets of growth tell an important story about the enduring appeal of certain Calgary neighbourhoods and the confidence buyers continue to place in these communities.
City Centre Leads the Charge with Strong Appreciation
The standout performer in September’s market data is undoubtedly Calgary’s City Centre, which saw benchmark prices rise by an impressive 1.07 per cent year-over-year, reaching a benchmark price of $967,700. This increase is particularly noteworthy given the broader market context and speaks volumes about the sustained demand for urban living in Calgary’s core.
According to Kendall Collins of Daily Hive, “Calgary’s city centre, North West, and West Calgary each saw an increase in year-over-year benchmark prices. The city centre saw the largest increase, rising 1.07 per cent to $967,700.”
This appreciation in the City Centre reflects several key market dynamics. The area continues to attract professionals, empty-nesters, and urbanites who value walkability, proximity to amenities, and the vibrant cultural life that downtown Calgary offers. With 91 sales recorded in September and a healthy sales-to-new listings ratio of 41.94 per cent, the City Centre demonstrates both activity and balance.
The urban core’s resilience is particularly impressive when you consider the inventory levels. With 385 homes available and 4.23 months of supply, the market maintains enough activity to support price appreciation while still offering buyers reasonable selection. This sweet spot between supply and demand has created an environment where values can continue to climb.
North West Calgary: Steady Growth in a Desirable Quadrant
The North West quadrant has long been one of Calgary’s most sought-after areas, and September’s data reinforces this reputation. With a year-over-year price increase of 0.37 per cent, bringing the benchmark price to $792,800, the North West continues to demonstrate its enduring appeal to Calgary homebuyers.
What makes the North West particularly attractive is its combination of established communities, excellent schools, abundant green spaces, and convenient access to both downtown and the mountains. The area’s 86 sales in September, combined with 225 new listings, resulted in a sales-to-new listings ratio of 38.22 per cent and 4.00 months of supply, indicators of a market that remains active and healthy.
The North West’s ability to maintain positive year-over-year growth speaks to the fundamental strength of these neighbourhoods. Families continue to be drawn to communities that offer quality of life, strong schools, and a sense of established community. The modest but positive appreciation reflects a market where demand consistently meets or exceeds supply, supporting gradual value increases.
West Calgary: Showing Momentum with Recent Gains
West Calgary rounds out the trio of growth areas with a year-over-year benchmark price increase of 0.24 per cent, reaching $968,500. Perhaps even more telling is that West Calgary was the only section of the city that saw an increase in month-over-month benchmark prices, with a 0.12 per cent increase, a clear signal of positive momentum heading into the final quarter of 2025.
Collins notes in her Daily Hive article that “West Calgary was the only section of the city that saw an increase in month-over-month benchmark prices, with a 0.12 per cent increase in price, while all the others saw a decrease between 0.19 per cent and 1.49 per cent.”
With 85 sales in September and 174 new listings, West Calgary maintained a sales-to-new listings ratio of 48.85 per cent, approaching the balanced market threshold of 50 per cent. The area’s 2.98 months of supply indicates a market that favors sellers while still providing options for buyers, creating conditions that support price stability and growth.
West Calgary’s appeal lies in its diverse mix of neighbourhoods, from established communities near the Weaselhead Natural Area to newer developments with modern amenities. The proximity to major employment centers, shopping districts, and recreational facilities makes the West an attractive option for a wide range of buyers.
Understanding the Broader Market Context
To fully appreciate the significance of these growth areas, it’s important to understand the broader market dynamics at play in Calgary’s September 2025 housing market. As Collins reports, “The housing market in Calgary is experiencing a decline in detached home prices across the city, and some areas are seeing their benchmark prices drop by more than five per cent.”
The overall city benchmark price for detached homes stands at $749,000, representing a modest 0.95 per cent decrease year-over-year. This slight pullback creates what many industry experts are calling a “normalization” after several years of rapid appreciation that saw Calgary home prices soar.
Market Activity Remains Robust
Despite the overall price adjustments, market activity remains strong across Calgary. The city recorded 859 detached home sales in September, with 1,905 new listings coming to market. This healthy level of activity demonstrates that buyers and sellers remain engaged, and the market continues to function efficiently.
The sales-to-new listings ratio of 45.09 per cent indicates a market that is slightly favoring buyers compared to the frenetic seller’s market conditions of previous years. This rebalancing is actually a positive development for the long-term health of Calgary’s real estate market, as it creates more sustainable conditions that benefit all participants.
Regional Variations Tell the Story
The September data reveals significant regional variations across Calgary, which is precisely why the growth in City Centre, North West, and West Calgary is so noteworthy. These areas have maintained their appeal and value proposition even as other quadrants have experienced more significant adjustments.
North East Calgary experienced the largest year-over-year decline at 5.65 per cent, bringing benchmark prices to $579,000. East Calgary saw a 4.19 per cent decrease to $504,800. These adjustments, while significant, may actually represent opportunities for first-time buyers and investors looking to enter the market at more accessible price points.
Other areas experienced more moderate declines: North Calgary saw benchmark prices fall 2.83 per cent to $670,000, while South Calgary decreased 1.71 per cent to $718,800. The South East followed with a 1.11 per cent drop to $710,300.
What’s Driving Growth in These Key Areas?
Understanding why City Centre, North West, and West Calgary continue to see price appreciation while other areas adjust requires examining several factors:
- Location and Lifestyle Appeal
These three areas offer distinct lifestyle advantages that continue to resonate with buyers. The City Centre provides urban living with walkability and culture. The North West offers established family neighborhoods with top-tier schools. West Calgary combines suburban comfort with convenient access to amenities and nature.
- Supply and Demand Balance
All three growth areas maintain relatively balanced inventory levels with months of supply ranging from 2.98 to 4.23 months. This equilibrium prevents the downward price pressure that can occur when inventory builds too quickly.
- Quality of Housing Stock
These areas generally feature well-maintained homes in desirable neighborhoods. The housing stock tends to be either newer or well-updated, appealing to buyers who are willing to pay a premium for quality.
- Economic Fundamentals
Calgary’s economy remains strong, with robust employment in energy, technology, and other sectors. Buyers who are economically confident tend to gravitate toward established, desirable areas where they expect value retention and appreciation.
- Infrastructure and Amenities
These areas benefit from excellent infrastructure, including schools, parks, shopping, dining, and recreational facilities. The North West and West, in particular, offer easy access to the mountains and natural areas, which is increasingly important to Calgary buyers.
Opportunities for Buyers and Sellers
The current market dynamics create opportunities for different types of market participants:
For Buyers
The variation across Calgary’s market means buyers have options depending on their priorities. Those seeking areas with demonstrated price stability and growth potential may find City Centre, North West, and West Calgary particularly appealing. The modest appreciation in these areas suggests that value is being maintained while the market recalibrates.
At the same time, buyers looking for more affordable entry points may find opportunities in areas experiencing adjustments. The North East, for example, with 124 sales and a benchmark price of $579,000, offers accessibility while still providing exposure to Calgary’s fundamentally strong real estate market.
For Sellers
Sellers in City Centre, North West, and West Calgary can take confidence from the positive year-over-year price trends. These areas demonstrate continued buyer demand, and properties priced appropriately are finding buyers. The month-over-month data is particularly encouraging for West Calgary sellers, as the positive momentum suggests strengthening conditions.
The key for sellers across all areas is proper pricing and presentation. With 3.73 months of supply city-wide, the market provides enough inventory that buyers have choices. Homes that are well-presented and realistically priced continue to sell, regardless of the broader market trends.
For Investors
Investment-minded buyers should take note of the areas showing resilience. Properties in City Centre, North West, and West Calgary may offer better prospects for value retention and appreciation over the medium to long term. The fundamental factors driving demand in these areas, location, amenities, quality of life, are unlikely to change.
Looking Ahead: Market Outlook
As we move through the final quarter of 2025, several factors will influence Calgary’s real estate market:
Seasonal Patterns
Fall typically sees a slowdown in market activity as families settle after back-to-school and the approach of winter traditionally dampens buyer enthusiasm. However, serious buyers and sellers continue to transact, and the current conditions may actually favor those who remain active during the slower season.
Economic Conditions
Calgary’s economy continues to show strength, with diverse employment opportunities and ongoing investment in both traditional and emerging sectors. This economic foundation supports housing demand and provides confidence for both buyers and sellers.
Inventory Management
The balance between new listings and sales will be crucial in determining price directions. Areas that maintain equilibrium between supply and demand, like City Centre, North West, and West Calgary have demonstrated, are best positioned for price stability or growth.
Interest Rate Environment
Broader monetary policy and interest rate trends will continue to influence buyer purchasing power and market activity. The current market adjustment reflects, in part, the higher rate environment we’ve experienced in recent years.
The Bottom Line: A Market in Healthy Transition
September 2025’s data tells a nuanced story of Calgary’s real estate market. While headlines may focus on overall price declines, the reality is more complex and, in many ways, more positive. The fact that City Centre, North West, and West Calgary have maintained year-over-year price appreciation demonstrates the fundamental strength and desirability of these areas.
As Collins notes in her Daily Hive article, “The Calgary Real Estate Board (CREB) just released its September housing report, and things are looking good for buyers looking for a detached home.” This perspective is important. Market adjustments create opportunities, and different buyers will find value in different areas depending on their needs and circumstances.
The current market represents a transition from the rapid appreciation of recent years to a more sustainable, balanced environment. This transition is healthy for the long-term stability of Calgary’s real estate market. It creates opportunities for new buyers to enter the market while still providing value retention for existing homeowners in desirable areas.
Final Thoughts
Calgary remains one of Canada’s most dynamic and livable cities, and its real estate market continues to reflect this reality. The September 2025 data shows a market that is active, diverse, and resilient. The positive year-over-year performance in City Centre, North West, and West Calgary demonstrates that quality locations with strong fundamentals continue to hold their value and attract buyers.
Whether you’re considering buying, selling, or simply monitoring the market, the key takeaway is that Calgary’s real estate market offers opportunities across different price points and neighborhoods. The areas showing growth demonstrate the enduring appeal of location, quality, and lifestyle amenities. As we move forward, these fundamentals will continue to drive value in Calgary’s real estate market.
The story of September 2025 is not simply about price declines, it’s about market normalization, regional variation, and the continued strength of Calgary’s most desirable neighborhoods. For those looking to participate in Calgary’s real estate market, understanding these nuances and working with knowledgeable professionals will be key to making informed decisions and achieving your real estate goals.
Data source: Calgary Real Estate Board (CREB) September 2025 Report
Original article reference: “These areas in Calgary saw the biggest drop in detached home prices” by Kendall Collins, Daily Hive, October 2, 2025
Calgary Real Estate Market: October 2025 – A Buyer’s Opportunity Emerges

Market Shift Creates New Opportunities for Homebuyers
The Calgary real estate market is experiencing a significant transformation that’s creating exciting opportunities for buyers. According to the latest CREB® (Calgary Real Estate Board) report released October 1, 2025, we’re seeing a market shift that hasn’t been witnessed in years and it’s opening doors for those who’ve been waiting for the right moment to buy.
Understanding the Current Market Dynamics
September 2025 marked a turning point in Calgary’s housing market. With 1,720 sales and 3,782 new listings hitting the market, inventory levels have climbed to 6,916 units, 36% higher than last year and over 17% above traditional September levels. This increased supply is creating a more balanced marketplace where buyers have genuine choice and negotiating power.
As CREB® Chief Economist Ann-Marie Lurie explains: “Supply levels have been rising in the resale, new home and rental markets. The additional supply choice is coming at a time when demand is slowing, mostly due to slower population growth and persistent uncertainty.”
What This Means for Buyers
The sales-to-new-listings ratio has dipped to 45%, and the months of supply has reached four months for the first time since early 2020. This represents a fundamental shift toward buyer-friendly conditions across multiple property types.
Key Opportunities by Property Type:
Apartment Condominiums – Maximum Value The apartment condo sector presents the most compelling opportunity for first-time buyers and investors. With a benchmark price of $322,900 (down over 6% from last year), and inventory at 1,999 units with five months of supply, buyers have excellent selection and negotiating leverage. This segment is particularly attractive for those looking to enter the market or add to their investment portfolio.
Detached Homes – Stable with Room to Negotiate Detached homes, benchmarked at $749,900, are down only 1% from last year but show signs of softening from spring’s record highs. With the sales-to-new-listings ratio at 45%, levels not seen since 2018, buyers can take their time and negotiate more effectively. The North East and East districts offer particularly strong value with price adjustments over 6%.
Row Homes – Balanced Opportunity Row homes at $437,100 (down nearly 5% year-over-year) represent excellent value for families seeking townhome living. With inventory at its highest September level since 2018, buyers have significant choice, particularly in the North East district.
Semi-Detached – Emerging Value Semi-detached properties at $684,800 have shifted from seller’s to balanced market conditions, with months of supply approaching four months. This segment offers quality housing with increasing negotiability.
Why Now Is a Strategic Time to Buy
- Increased Selection: More inventory means you can be selective and find a home that truly meets your needs rather than settling due to limited options.
- Reduced Competition: With slower demand, you’re not competing against multiple offers on every property, giving you time to make informed decisions.
- Price Adjustments: Year-over-year price declines in several segments mean your dollar goes further than it did in 2024.
- Negotiating Power: With months of supply elevated across all property types, sellers are more motivated to negotiate on price, terms, and conditions.
- Market Timing: According to the CREB report, “should this persist, we could see a market that shifts more in favour of the buyer.” Getting in now positions you ahead of potential future demand increases.
District-Specific Opportunities
The North East district stands out across multiple property types with the highest inventory levels and most significant price adjustments. The City Centre continues to show strength for those seeking urban living, while maintaining reasonable pricing compared to peak levels.
Looking Ahead
While market conditions vary by property type, price range, and location, the overall trend is clear: Calgary’s real estate market is providing opportunities that haven’t existed since before the pandemic. For buyers who’ve been on the sidelines, this shift represents a window of opportunity to enter the market with choice, negotiating power, and better value.
Whether you’re a first-time buyer, looking to upgrade, or considering investment properties, the current market conditions favor those ready to take action. The combination of increased inventory, price adjustments, and reduced competition creates an environment where buyers can be strategic and selective.
Ready to Explore Your Options?
The market is shifting in your favor. Let’s discuss how these opportunities align with your real estate goals and find the perfect property for your needs.
Data sourced from CREB® Market Statistics, October 1, 2025
Navigating Calgary’s Evolving Real Estate Market: Opportunities in a Balanced Environment

As we move through September 2025, I’ve been closely monitoring the shifts in our Calgary real estate market, and I’m excited to share some insights that could help you make informed decisions about your property journey.
Recent analysis by Joanna Gerber, featuring insights from top Calgary realtor Jesse Davies, paints a picture of a market that’s finding its equilibrium after years of rapid growth. While some may view the current conditions as concerning, I see this as a return to a healthier, more sustainable market that benefits both buyers and sellers in different ways.
Understanding Where We Stand
The numbers tell an interesting story. With Calgary’s benchmark home price at $577,200 as of August 2025, we’re seeing a natural correction that brings us back to balanced conditions. Yes, there’s been a 4.1% decline from last year, but as Davies wisely points out, “What feels like a loss of momentum is, in fact, a return to a healthier and more sustainable market balance.”
The 48% increase in active listings compared to last year means buyers now have more choices, while sellers need to be more strategic. This isn’t market weakness. It’s market maturity.
The Location Advantage Still Matters
What excites me most about our current market is how location continues to be king. Established inner-city neighborhoods like Beltline, Kensington, and Parkdale remain incredibly attractive to buyers. These areas benefit from:
- Proximity to employment centers
- Excellent transit connections
- Rich cultural amenities
- Top-rated schools
Properties in these sought-after locations, especially detached homes with character or recent renovations, are still moving well and commanding strong prices.
Smart Strategies for Today’s Market
For my seller clients, I’m emphasizing three key strategies:
- Strategic Pricing: Gone are the days of testing the market with inflated asking prices. Accurate, research-backed pricing gets results.
- Exceptional Presentation: With more inventory available, your home needs to shine. Professional staging and photography aren’t luxuries, they are necessities.
- Targeted Marketing: Understanding your ideal buyer and crafting marketing that speaks directly to them makes all the difference.
For detached homes, the news is particularly encouraging. As Davies notes, “Calgary is experiencing a shortage of detached homes for sale, especially in certain neighbourhoods,” which means well-maintained, properly priced detached properties are still performing strongly.
Looking Forward with Confidence
The CMHC Summer 2025 Outlook projects Calgary home prices could reach $600,000-$680,000 in 2026, with continued growth into 2027. This forward-looking perspective reinforces Calgary’s strong fundamentals:
- Robust population growth
- Economic diversification
- Steady urban development
Making Your Move
Whether you’re considering selling to upsize, downsize, or make a lifestyle change, today’s market still offers excellent opportunities. The key is working with professionals who understand the nuances of each neighborhood and property type.
As Davies emphasizes, “There is no universal answer to whether September 2025 is the right moment to sell in Calgary. The decision depends on property type, location, and personal circumstances.”
That’s where I come in. My role is to help you navigate these individual factors and create a strategy that aligns with your goals, whether that’s maximizing your sale price, finding your dream home, or making a smart investment decision.
The Calgary market may feel different from the frenzied pace of recent years, but it’s creating new opportunities for those ready to embrace a more strategic approach. If you’re considering making a move, I’d love to discuss how current conditions could work in your favor.
Referenced from “Market Analysis: Is September 2025 the Right Time to Sell in Calgary?” by Joanna Gerber, featuring insights from Calgary realtor Jesse Davies, September 17, 2025.
Detached & Semi-Detached Homes: Calgary’s Resilient Market Segments

Calgary’s housing market has been making plenty of headlines lately, with rising inventory and shifting conditions. But not all property types are moving in the same direction. While condos and row homes are seeing more downward pressure, detached and semi-detached homes have proven to be far more resilient. In fact, these two segments are showing signs of stability, and in some cases, even modest growth.
So, why are detached and semi-detached homes weathering the shifts better?
Limited Supply in the Right Places
Many of Calgary’s most sought-after neighbourhoods simply don’t have the space for endless new detached or semi-detached builds. That means supply remains tight, even as inventory climbs in other property types. When buyers want a family home with more room, a yard, and a sense of privacy, there aren’t many substitutes.
For example, West Calgary communities such as Aspen Woods and West Springs continue to see strong demand, with detached homes holding their value thanks to limited land availability and high desirability. Similarly, Inner City areas like Altadore and Mount Pleasant remain competitive for semi-detached homes, as buyers value both the location and modern layouts these homes offer.
Buyer Demand for Space
Since the pandemic, buyer preferences have shifted toward space, flexibility, and privacy. Detached and semi-detached homes naturally fit that lifestyle. Even with higher borrowing costs, many buyers are willing to stretch their budget to secure this kind of property rather than pivot to higher-density housing.
In Northwest Calgary communities like Tuscany and Scenic Acres, detached homes are popular with families looking for larger lots and easy access to schools and transit. Meanwhile, semi-detached homes in neighbourhoods like Killarney and Capitol Hill continue to attract professionals and young families who want more space without leaving the central core.
Less Impact from Oversupply
Condo and row-home markets are seeing more pressure from new projects hitting the market. Detached and semi-detached homes, on the other hand, don’t face that same wave of competition. This helps keep values more stable, especially in established areas where land is limited.
Price Stability Inspires Confidence
Even as overall sales activity has slowed, benchmark prices for detached and semi-detached homes remain steady in most districts. In some cases, we’re still seeing modest year-over-year gains. For homeowners and buyers alike, this stability builds confidence in these market segments.
What This Means for Buyers & Sellers
For buyers, especially those considering semi-detached homes, this could be the perfect balance between affordability and lifestyle. You gain more space and privacy than a condo or row home, but often at a price point below a full detached property.
For sellers, the relative strength of these segments means pricing has held up well. Even in a market that’s shifting toward balance, detached and semi-detached homes are still in demand, particularly in established or high-demand communities.
Looking Ahead
While we may see modest adjustments in the months ahead, detached and semi-detached homes are expected to remain among Calgary’s strongest housing segments. Whether you’re in family-oriented suburbs like Mahogany and Evanston or trendy inner-city neighbourhoods like Inglewood and Bridgeland, these property types continue to represent stability and opportunity.
Calgary’s Housing Market Shift: What August 2025 Numbers Mean for Buyers and Sellers

The Calgary housing market is undergoing a significant transformation, and the August 2025 data reveals some fascinating trends that both buyers and sellers need to understand. After years of a red-hot seller’s market, we’re witnessing a more balanced landscape emerging across different property types.
The Big Picture: A Tale of Two Markets
The most striking development is how different property types are experiencing vastly different market conditions. While the overall residential benchmark price sits at $577,200, down nearly four percent from last year, the story varies dramatically depending on what type of home you’re looking at.
As CREB® Chief Economist Ann-Marie Lurie explains, “The most significant price adjustments are occurring for row and apartment style homes as they are also the product type that are facing the largest gains in supply choice.” This insight is crucial for understanding today’s market dynamics.
Higher Density Properties Leading the Adjustment
Apartment Condominiums are experiencing the most dramatic shift. With sales down nearly 30 percent year-to-date and inventory at record August levels (1,979 units), prices have declined for five consecutive months. The benchmark price of $326,500 represents a six percent drop from last August. The North East district has been hit hardest, with price declines exceeding 11 percent.
Row Housing is following a similar pattern, with the benchmark price of $439,600 marking the fourth consecutive monthly decline and a nearly five percent year-over-year drop. Districts with high resale supply or significant new home competition, including North East, North, South, and East, are seeing the steepest declines.
Detached and Semi-Detached Markets Show Resilience
The detached home market tells a different story. While the benchmark price of $755,600 is down slightly from last year, the declines are modest compared to higher-density properties. Interestingly, some areas like the city centre are actually seeing price growth of over two percent, while others like the North East and East districts face five percent declines.
Semi-detached properties are holding up even better, with benchmark prices of $687,200 actually showing nearly one percent growth year-over-year and four percent growth year-to-date.
Supply and Demand Dynamics
The fundamental shift happening is on the supply side. New listings remain elevated across most property types, pushing total inventory to 6,661 units, the highest August level since 2019. This increased supply choice, combined with sales that are nine percent lower than last year, has pushed the months of supply to 3.4 months.
To put this in perspective: we’ve moved from the extreme seller’s market conditions of the past four years to more balanced conditions, though we’re still well below the buyer’s market territory seen before the pandemic.
Regional Variations Matter
The suburban markets are each telling their own unique stories:
- Airdrie is experiencing downward pressure with benchmark prices at $531,100, down four percent year-over-year
- Cochrane remains surprisingly stable at $589,100, actually up two percent from last August
- Okotoks continues to show strength with year-to-date prices two percent higher than last year, supported by tighter inventory conditions
What This Means for Market Participants
For Buyers: This is the most choice you’ve had in years. Higher-density properties offer the best value opportunities, with significant price adjustments creating entry points that weren’t available during the seller’s market years. However, quality detached properties in desirable areas are still competitive.
For Sellers: Pricing strategy has never been more important. Properties in oversupplied segments need to be competitively priced to attract buyers, while unique properties in undersupplied areas can still command premium pricing. The days of automatic price increases are behind us.
For Investors: The apartment condominium market presents interesting opportunities for those with longer-term horizons, as current pricing adjustments may create value plays for patient investors.
Looking Forward
As Lurie notes, “Recent price adjustments have not offset all the gains that have occurred over the past several years.” This suggests that while we’re seeing corrections, the market is finding a new equilibrium rather than crashing.
The key to navigating this market is understanding that location, property type, and pricing strategy matter more than ever. The one-size-fits-all approach that worked during the pandemic boom simply doesn’t apply in today’s more nuanced market environment.
Whether you’re buying or selling, working with professionals who understand these micro-market dynamics will be crucial for success in this new landscape.
Calgary Real Estate Market: Understanding AI Predictions and Real Opportunities Ahead

The Calgary real estate market continues to generate interest from researchers and industry professionals alike, with a recent AI-driven study making headlines for its bold predictions about potential price changes in our city. While the study’s projections have captured attention, it’s important to understand what these findings really mean for both buyers and sellers in Calgary’s dynamic market.
What the Study Predicts (And Why Experts Urge Caution)
A new study by Associate Professor Erkan Yonder from Montreal’s Concordia University used artificial intelligence to forecast potential price movements in major Canadian cities, including Calgary. The research suggests that Calgary home prices could see significant changes over the next few years, with median prices potentially declining under certain scenarios.
However, the study’s own author emphasizes caution when interpreting these results. “It’s less likely to see the worst-case scenario for Calgary. Is there a risk? Yes, there’s a risk,” said Yonder, highlighting that the projections represent potential outcomes rather than certainties.
Expert Perspectives: Why the Market May Be More Resilient
Local and academic experts have responded thoughtfully to these projections, offering valuable context for Calgary residents. University of Calgary professor Sasha Tsenkova, while calling the study “quite comprehensive,” reminds us that “We need to take these findings with a grain of salt.”
Calgary realtor John Hripko from Royal LePage Benchmark takes an even stronger stance, calling the predicted price slides “totally fictitious” and noting that the study may not fully account for important local factors like inter-provincial migration.
Great News for Calgary Buyers and Sellers
These expert opinions point to several positive factors that benefit both sides of Calgary’s real estate market:
For Home Buyers:
- Smart Development Practices: Local developers are building strategically to meet demand rather than oversupplying the market. As Hripko notes, “They don’t randomly keep building because there’s no demand. Why would they?”
- Market Stability: Canada’s financial safeguards and Calgary’s strong economic fundamentals provide protection against dramatic market swings
- Continued Supply Growth: More than double the number of new homes came online in Q1 2025 compared to the previous year, creating more options for buyers
For Home Sellers:
- Sustained Demand: Calgary’s population growth through both international and inter-provincial migration continues to drive housing demand
- Developer Discipline: The construction industry’s measured approach to new supply helps maintain market balance
- Long-term Recovery Outlook: Even the study’s most conservative scenarios show market stabilization and recovery in the coming decade
The Bigger Picture: Calgary’s Housing Market Resilience
What’s particularly encouraging is how Calgary’s market demonstrates resilience through thoughtful planning and development. Unlike markets that might experience boom-bust cycles, Calgary benefits from:
- Responsive Construction: Developers who adjust to demand rather than speculate
- Economic Diversity: A broad-based economy that supports steady housing demand
- Geographic Advantages: Room for growth and development that many other major cities lack
Professor Tsenkova’s comparison to the 2008 financial crisis is telling. Canada’s housing market weathered that global storm remarkably well, and Calgary’s fundamentals today are strong.
Looking Forward with Confidence
While any market analysis deserves consideration, the expert consensus suggests that Calgary’s real estate market is well-positioned for continued stability. The study author himself emphasizes that the research’s broader goal is to “find cheaper ways to build more housing” and help markets react to potential trends.
For Calgary residents, this means:
- Buyers can feel confident that market fundamentals support their investment decisions
- Sellers can trust that Calgary’s diverse economy and growing population provide ongoing demand
- Everyone benefits from a market that’s attracting attention for its potential and stability
The key takeaway? While it’s always wise to stay informed about market research, Calgary’s real estate fundamentals, from smart development practices to economic diversity, continue to create opportunities for both buyers and sellers in our vibrant city.
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.