Home BuyersHome SellersInsights from a REALTOR July 21, 2025

Navigating the Winds of Change: What CREA’s Latest Market Update Means for Calgary Real Estate

After fifteen years of helping Calgary families navigate the ever-changing real estate landscape, I’ve learned that national headlines don’t always tell the whole story of what’s happening in our local market. This week’s announcement from the Canadian Real Estate Association (CREA) is a perfect example of why understanding the nuances between national trends and Calgary-specific conditions is so crucial for both buyers and sellers.

What the Numbers Are Really Telling Us

According to The Canadian Press report published on July 15, 2025, CREA has once again adjusted its 2025 forecast, now predicting 469,503 residential sales across Canada, a three percent decline from 2024. The national average home price is expected to drop 1.7% to $677,368, about $10,000 lower than their April prediction.

But here’s what I want you to understand as a Calgary resident: real estate is inherently local. While these national figures provide context, Calgary’s market dynamics are shaped by factors that don’t necessarily mirror what’s happening in Toronto, Vancouver, or the Maritimes.

The “Chaotic Start” and Calgary’s Resilience

CREA senior economist Shaun Cathcart described the early months of 2025 as having a “chaotic start,” largely attributed to trade uncertainty and tariff concerns affecting buyer confidence. In my experience here in Calgary, I’ve witnessed firsthand how external economic pressures can create temporary hesitation among both buyers and sellers.

However, what strikes me most about the current situation is Calgary’s underlying resilience. Unlike some markets that are heavily dependent on foreign investment or speculative buying, Calgary’s real estate market has always been grounded in fundamental demand from people who actually live and work here. This creates a more stable foundation, even during periods of broader economic uncertainty.

The Alberta Advantage: Why Calgary Stands Apart

The CREA report specifically mentions that Alberta, along with BC and Ontario, experienced more significant impacts from tariff-related uncertainty than initially expected. While this might sound concerning, I see it differently when viewed through the lens of Calgary’s unique position.

Calgary’s economy has undergone remarkable diversification over the past decade. Yes, energy remains important, but we’ve seen tremendous growth in technology, financial services, film production, and other sectors. This economic diversification means our real estate market isn’t as vulnerable to single-industry shocks as it once was.

Moreover, Calgary continues to offer something that many other Canadian markets simply can’t: affordability. Even with national concerns about housing costs, Calgary remains one of Canada’s most accessible markets for both first-time buyers and those looking to upgrade their living situations.

June’s Green Shoots: Signs of Recovery

The report highlights that June saw a 3.5% increase in home sales compared to the previous year, with a 2.8% month-over-month improvement on a seasonally adjusted basis. While much of this recovery was led by the Greater Toronto Area, I’m seeing similar positive momentum here in Calgary.

In my recent transactions, I’ve noticed several encouraging trends:

Increased Buyer Activity: After months of sitting on the sidelines, serious buyers are beginning to re-engage with the market. The combination of lower interest rates and pent-up demand is creating opportunities for those ready to act.

Quality Listings Moving: Well-priced, well-presented homes are still attracting multiple offers and selling within reasonable timeframes. This tells me that the fundamentals of supply and demand remain healthy in Calgary.

Realistic Pricing: Both buyers and sellers are approaching transactions with more realistic expectations, which is creating a more balanced negotiating environment.

What This Means for Calgary Home Sellers

If you’re considering selling your Calgary home, the current environment actually presents some unique advantages:

Less Competition: With inventory levels still relatively manageable, your properly priced home won’t be lost in a sea of similar listings. Quality properties that are priced correctly are standing out more than they have in recent years.

Serious Buyers: The buyers who are active in today’s market are generally well-qualified and motivated. They’re not just browsing, they’re ready to make decisions when they find the right property.

Pricing Strategy is Key: The market rewards accuracy. Homes that are priced correctly from the start are selling, while those that chase the market downward are sitting longer. This is where experienced local representation becomes invaluable.

Timing Flexibility: Unlike the frenzied seller’s markets we’ve seen in the past, today’s environment allows for more thoughtful timing of your sale, whether that’s coordinating with a purchase or aligning with personal circumstances.

Opportunities for Calgary Home Buyers

For buyers, I believe we’re entering one of the most opportunity-rich periods I’ve seen in several years:

Negotiating Power: The shift toward a more balanced market means buyers have more room to negotiate on price, terms, and conditions. Subject clauses are becoming more common and acceptable again.

Time to Choose: Unlike markets where buyers felt pressured to make split-second decisions, today’s Calgary market allows for proper due diligence, home inspections, and thoughtful decision-making.

Interest Rate Environment: With the Bank of Canada maintaining current policy rates and mortgage rates hovering around four percent, financing costs remain manageable for qualified buyers.

Selection: There’s good selection across most price ranges and neighborhoods, giving buyers the luxury of finding homes that truly meet their needs rather than settling for what’s available.

Looking Ahead: The Summer and Fall Outlook

CREA’s forecast suggests that delayed spring activity could surface during the summer and fall months, and I’m optimistic this will prove accurate for Calgary. The report notes that “most housing markets continued to turn a corner in June,” and I believe Calgary is well-positioned to participate in this recovery.

Several factors support this optimism:

Pent-up Demand: There are buyers who have been waiting for the right moment or the right property. As confidence returns, this demand will translate into sales activity.

Economic Fundamentals: Calgary’s employment market, while facing some challenges, remains more stable than many anticipated. The diversification I mentioned earlier is providing resilience.

Lifestyle Appeal: The pandemic reinforced Calgary’s appeal as a place where families can afford good homes with yards, access to nature, and a high quality of life. This hasn’t changed.

The Trade Uncertainty Factor

I would be remiss not to address the elephant in the room: ongoing trade negotiations and tariff uncertainties. The report mentions a critical August 1 deadline, and the outcome will undoubtedly influence market psychology.

However, based on my experience, Calgary buyers and sellers have weathered numerous economic storms over the years. While uncertainty can create short-term hesitation, the fundamental need for housing, people getting married, having children, changing jobs, or retiring, continues regardless of trade policy.

My advice to clients has been consistent: focus on what you can control. If you need to buy or sell based on your life circumstances, don’t let external uncertainties prevent you from making sound decisions for your family.

The Long-Term View: 2026 and Beyond

CREA’s 2026 forecast predicts a 6.3% improvement in national sales, with average prices recovering to $697,929. For Calgary, this suggests we’re likely looking at a temporary adjustment period rather than a fundamental market shift.

I’ve seen this pattern before in our market. Calgary real estate tends to move in cycles, and those who understand these cycles, and work with experienced professionals who do, consistently make better decisions.

Practical Advice for Right Now

For Sellers:

  • Price your home correctly from the start based on current market conditions, not last year’s peak prices
  • Ensure your home shows well. First impressions matter more in a balanced market
  • Be prepared for reasonable negotiation on price and terms
  • Work with a REALTOR® who understands current market dynamics and pricing strategies

For Buyers:

  • Get pre-approved for financing to understand your true budget
  • Don’t rush. Take time to find the right property that meets your needs
  • Include appropriate subject clauses to protect yourself
  • Remember that buying a home is a long-term decision; focus on fundamentals rather than trying to time the market perfectly

The Bottom Line

While national headlines might seem concerning, I remain optimistic about Calgary’s real estate market. We have strong fundamentals: a diversifying economy, reasonable affordability, growing population, and a quality of life that continues to attract new residents.

The current market adjustment is creating opportunities for both buyers and sellers who approach transactions with realistic expectations and proper guidance. As someone who has helped hundreds of Calgary families navigate various market conditions over the past fifteen years, I can tell you that opportunities exist in every market, you just need to know how to find them.

The key is working with professionals who understand not just the national trends reported in publications like The Canadian Press, but more importantly, the specific dynamics of our local Calgary market. Real estate truly is local, and that local expertise makes all the difference in achieving your goals.

Whether you’re considering buying your first home, selling to upgrade, or making any other real estate move, now is an excellent time to have a conversation about your specific situation and how current market conditions might work in your favor.

Source: “CREA cuts 2025 forecast again but says home sales are rebounding from ‘chaotic start'” by Sammy Hudes, The Canadian Press, published July 15, 2025

Home BuyersHome BuyersHome BuyersHome BuyersHome BuyersInsights from a REALTOR July 14, 2025

A Silver Lining in Calgary’s Rental Market: What This Means for Homebuyers and Sellers

As a Calgary REALTOR with over 15 years of experience helping families navigate our city’s dynamic real estate landscape, I’m always keeping a close eye on market trends that impact both buyers and sellers. Recently, some fascinating news came across my desk that I believe deserves your attention – and honestly, it’s bringing some much-needed optimism to our local housing market.

The Latest Rental Market Developments

According to Canada Mortgage and Housing Corporation’s 2025 Mid-Year Rental Market Update, released on July 9, 2025, we’re seeing some significant shifts in Calgary’s rental market that are creating ripple effects throughout our entire real estate ecosystem. The report, authored by the REM Editorial Team and published in Real Estate Magazine, reveals that “rental supply has been rising across Canada, putting downward pressure on advertised rents in cities most vulnerable to the ‘headwinds’ brought on by sluggish migration and a slowing labour market.”

What caught my attention immediately was Calgary’s inclusion among the cities experiencing this trend. The report specifically notes that “In Vancouver and Halifax, prices were down nearly 5 per cent for two-bedroom purpose-built rental apartments, and down about 3.5 per cent in Calgary and Toronto.”

Now, before you start worrying about what this means for property values, let me share why I see this as a positive development for both buyers and sellers in our Calgary market.

Why This is Good News for Calgary Homebuyers

After years of watching rental prices climb seemingly without end, this cooling trend presents some excellent opportunities for prospective homebuyers in Calgary. Here’s how this shift benefits those looking to purchase their first home or upgrade to their next property:

Reduced Competition from Investors When rental yields become less attractive due to declining rents, some real estate investors naturally pull back from the market. This reduction in investor competition means fewer bidding wars and more negotiating power for owner-occupant buyers. I’ve already started noticing this trend in some of Calgary’s popular investment neighborhoods, where properties are staying on the market a bit longer, giving genuine homebuyers more time to make thoughtful decisions.

More Affordable Transition Periods One of the biggest barriers to homeownership has been the cost of temporary housing during the transition period. Whether you’re relocating to Calgary from another city or moving from a rental to your first home, the high cost of short-term rentals has made these transitions financially challenging. With rental prices moderating, families have more flexibility in their moving timelines and can better manage their cash flow during the home-buying process.

Improved Debt-to-Income Ratios For renters who have been dedicating a significant portion of their income to housing costs, the moderation in rental prices provides an opportunity to improve their financial position. Lower rental costs mean more money available for saving toward a down payment, paying down existing debt, or building an emergency fund – all crucial factors that mortgage lenders consider when evaluating loan applications.

Market Stability Signals The CMHC report indicates that while rental prices are moderating, it’s due to increased supply rather than economic distress. This is a healthy market correction that suggests our housing market is finding a more sustainable equilibrium. For buyers, this creates confidence that they’re entering the market during a stable period rather than at an unsustainable peak.

The Seller’s Perspective: Opportunity in Disguise

Now, I know what some of you homeowners might be thinking – “If rental prices are dropping, what does this mean for my property value?” Let me reassure you that this trend actually presents several advantages for sellers in Calgary’s current market:

Increased Buyer Pool As rental costs become more reasonable, more people can afford to save for homeownership. This expanded buyer pool means more potential purchasers for your property. I’ve noticed that when rental markets cool, we often see a surge in first-time buyers who finally have the financial breathing room to make the leap to ownership.

Less Competition from Rental Properties When rental prices are sky-high, many potential buyers choose to continue renting rather than purchase. With more affordable rental options available, people are making housing decisions based on lifestyle preferences rather than pure financial pressure. This often leads to more motivated, qualified buyers who genuinely want to own rather than those who feel forced into purchasing.

Stronger Local Economy Indicators The CMHC report notes that “labour markets in Vancouver and Toronto are showing some signs of weakening, while conditions are relatively strong in Halifax, Calgary and Edmonton so far in 2025, due to elevated full-time employment gains.” This is fantastic news for Calgary sellers because it indicates our local economy remains robust, supporting both employment and housing demand.

Strategic Pricing Opportunities With a more balanced rental market, sellers can price their properties more competitively without fear of losing potential buyers to overpriced rentals. This creates opportunities for strategic pricing that can lead to quicker sales and potentially multiple offers from qualified buyers.

Understanding the Broader Context

The CMHC report provides valuable context about what’s driving these changes. According to the publication, “The cap on international student intake and adjustments to their provincial distribution are influencing rental demand in British Columbia, Ontario and Nova Scotia. These provinces all saw declines in work and study permit holders in Q1 2025, while growth in the number of non-permanent residents slowed in Quebec and Alberta.”

For Calgary specifically, this means we’re experiencing a more gradual adjustment rather than the dramatic shifts seen in some other major Canadian cities. Our local market benefits from continued economic strength while avoiding some of the volatility experienced elsewhere.

The report also highlights that “demand is softening due to sluggish labour markets” nationally, but notes that Calgary’s conditions remain “relatively strong” compared to other major centers. This positions our city favorably for both buyers and sellers navigating the current market conditions.

What This Means for Calgary’s Future

Looking ahead, the CMHC anticipates that “over the rest of 2025, the rental market is also expected to be influenced by slower population growth and changing employment conditions.” However, they also emphasize that “while the market may have abundant supply in the short-term, there is still a need to maintain momentum in new rental supply to meet the needs of projected future population growth and to achieve better affordability outcomes for existing households.”

This forward-looking perspective suggests that Calgary’s current rental market adjustment is part of a healthy rebalancing rather than a long-term decline. For homebuyers and sellers, this indicates that we’re moving toward a more sustainable, balanced market that serves the needs of all participants.

Practical Advice for Calgary Buyers and Sellers

Based on my experience and the insights from this CMHC report, here’s my practical advice for navigating Calgary’s evolving market:

For Buyers: Take advantage of the current market conditions by getting pre-approved for a mortgage and starting your search now. The combination of moderate rental prices and steady employment growth creates an excellent environment for making a thoughtful home purchase decision. Don’t rush, but don’t wait indefinitely either – good opportunities in a balanced market can still move quickly.

For Sellers: Price your property competitively and ensure it shows well. While you may not see the rapid appreciation of previous years, the steady demand from Calgary’s strong employment market provides a solid foundation for successful sales. Consider the benefits of selling in a market where buyers have more financing options and less pressure from expensive rental alternatives.

The Bottom Line

The CMHC’s 2025 Mid-Year Rental Market Update reveals that Calgary is experiencing a healthy market adjustment that benefits both buyers and sellers. Rather than viewing moderated rental prices as a negative indicator, I see this as evidence of a maturing, more balanced housing market that serves the long-term interests of our community.

As someone who has guided countless families through Calgary’s real estate market over the past 15 years, I can say with confidence that these conditions represent some of the best opportunities I’ve seen for both buying and selling homes. The key is working with experienced professionals who understand how to navigate these market dynamics and position you for success.

Whether you’re considering buying your first home, upgrading to accommodate a growing family, or selling to downsize for retirement, Calgary’s current market offers unique advantages that we haven’t seen in years. The combination of moderate rental costs, strong employment growth, and balanced supply conditions creates an environment where informed decisions can lead to excellent outcomes.

If you’re ready to explore how these market conditions might benefit your specific situation, I’d love to discuss your goals and help you develop a strategy that takes advantage of Calgary’s current opportunities.

Source: “Rents suppressed by migration and jobs slowdown: CMHC” by REM Editorial Team, Real Estate Magazine, July 9, 2025

Home BuyersHome BuyersHome BuyersHome BuyersHome BuyersHome BuyersHome BuyersHome BuyersHome Buyers July 7, 2025

Calgary’s Housing Market Evolution: Opportunity Knocks for Both Buyers and Sellers

After 15 years of navigating Calgary’s dynamic real estate landscape, I’ve witnessed market cycles that have challenged and rewarded both buyers and sellers. The June 2025 housing market update reveals a fascinating transition that’s creating unique opportunities across our city’s diverse neighborhoods. As someone who’s guided countless families through their real estate journeys, I’m excited to share what these current conditions mean for you, whether you’re looking to buy your dream home or sell your current property.

The Market’s New Chapter: Balance Returns to Calgary

Calgary’s housing market is experiencing what I call a “healthy recalibration.” After years of intense competition and rapid price appreciation, we’re seeing a more balanced environment emerge. Inventory levels have climbed to 6,941 units by the end of June – a significant increase that brings us back to 2021 levels, before the surge in population growth that drove the recent market frenzy.

This isn’t a cause for concern; it’s actually a positive development that benefits everyone. After years of bidding wars and limited choices, buyers now have breathing room to make thoughtful decisions. For sellers, while the market may feel different, the fundamentals remain strong, and strategic positioning can still yield excellent results.

What This Means for Home Buyers: Your Time to Shine

If you’ve been waiting on the sidelines, feeling frustrated by the competitive market of recent years, this is your moment. The current market conditions offer several advantages that I haven’t seen in quite some time:

Increased Choice and Negotiating Power

With inventory levels rising across all property types, you’re no longer fighting ten other buyers for the same property. This means you can take your time to find a home that truly fits your needs and lifestyle. You can schedule multiple viewings, ask for home inspections without fear of losing the deal, and even negotiate on price and terms.

For apartment and row-style homes, the opportunities are particularly compelling. These segments now offer nearly four months of supply, creating a buyer’s market where you can be selective and strategic. I’ve seen clients successfully negotiate thousands of dollars in concessions, from updated appliances to closing cost assistance.

Stable Pricing Creates Predictability

The benchmark price of $586,200 represents a stabilization rather than a crash. This is crucial for buyers because it eliminates the fear of rapid price escalation that forced many to make hasty decisions in previous years. You can take time to secure financing, arrange inspections, and plan your move without worrying that prices will jump dramatically while you’re preparing.

Location-Specific Opportunities

The beauty of Calgary’s current market is that opportunities vary by district. While some areas like the North East are experiencing buyer-favorable conditions with inventory surpluses, other districts like the West and South East are still showing year-over-year gains. This diversity means there’s a perfect opportunity for every buyer, regardless of their preferences or budget.

Financing Flexibility

With no further declines in lending rates but stable conditions, buyers have the advantage of predictable borrowing costs. This stability allows for better financial planning and removes the uncertainty that has characterized recent years. You can secure pre-approval knowing that rates won’t shift dramatically during your home search.

Sellers: Strategic Positioning for Success

While the market has shifted, it’s important to understand that we’re not in a declining market – we’re in a maturing one. The significant price growth of the past four years hasn’t been erased; instead, we’re seeing a healthy consolidation that creates opportunities for strategic sellers.

Timing and Preparation Are Key

In this environment, presentation matters more than ever. Homes that are well-prepared, properly priced, and strategically marketed are still selling quickly and for good prices. I’ve seen beautifully staged homes in desirable neighborhoods receive multiple offers, even in today’s market.

The key is understanding that buyers now have choices, so your property needs to stand out. This might mean investing in minor updates, ensuring your home shows perfectly, or adjusting your pricing strategy to reflect current market conditions rather than peak pricing from last year.

Property Type Considerations

Different property types are experiencing varying conditions, which creates strategic opportunities:

  • Detached homes remain relatively stable with balanced conditions. The benchmark price of $764,300 is less than one percent lower than last year, showing remarkable resilience.
  • Semi-detached properties are still showing year-over-year gains of over one percent, with a benchmark price of $696,400.
  • Row and apartment-style homes are experiencing more buyer-favorable conditions, which means sellers in these segments need to be more strategic about pricing and presentation.

District-Specific Strategies

The beauty of Calgary’s diverse market is that each district tells its own story. City Centre properties are showing strength, with some semi-detached homes reaching record highs. Meanwhile, areas like the North East are experiencing more buyer-favorable conditions, which means sellers there can benefit from competitive pricing strategies that attract multiple offers.

The Luxury Market: Premium Opportunities Persist

In my specialization with luxury homes, I’m seeing fascinating dynamics. Higher-priced detached homes are facing more competition from new construction, which is actually creating opportunities for both buyers and sellers in the luxury segment.

For luxury buyers, you now have the time to find that perfect property – the one with the specific features, location, and character that matches your lifestyle. You’re not forced to compromise due to limited inventory or intense competition.

Luxury sellers, meanwhile, can differentiate their properties through unique features, exceptional presentation, and strategic pricing. The buyers in this segment are still active; they’re just more selective. This selectivity actually benefits sellers who take the time to position their properties correctly.

Regional Opportunities: Beyond Calgary’s Borders

The surrounding communities are each telling their own stories:

Airdrie is experiencing a healthy market adjustment with a benchmark price of $538,300. This creates opportunities for buyers seeking value in a growing community with excellent amenities and schools.

Cochrane continues to show strength with a benchmark price of $593,700, up four percent from last year. This market remains attractive for both buyers and sellers, with balanced conditions that allow for fair negotiations.

Okotoks maintains tight market conditions with a benchmark price of $632,800, nearly three percent higher than last year. This market continues to favor sellers while offering buyers access to one of the region’s most desirable communities.

Looking Ahead: Market Fundamentals Remain Strong

What excites me most about the current market is that it’s sustainable. We’re not seeing the artificial inflation or unsustainable practices that lead to dramatic corrections. Instead, we’re witnessing a natural evolution toward balance.

Calgary’s economic fundamentals remain strong. We continue to attract new residents, create jobs, and maintain our position as one of Canada’s most livable cities. The current market conditions simply reflect a healthy pause that allows the market to digest recent growth and position itself for future stability.

Practical Steps for Success

For Buyers:

  • Get pre-approved to understand your buying power
  • Work with an experienced realtor who understands current market nuances
  • Take time to explore different neighborhoods and property types
  • Don’t rush – the inventory levels give you time to make thoughtful decisions
  • Consider properties that may have been out of reach during peak competition

For Sellers:

  • Price strategically based on current market conditions, not last year’s peak
  • Invest in presentation – staging and minor updates can make a significant difference
  • Be flexible with showing times and buyer requests
  • Consider the timing of your listing to maximize exposure
  • Work with a realtor who understands how to position properties in a balanced market

The Bottom Line: Opportunity in Every Direction

After 15 years in this business, I’ve learned that the best opportunities often come during market transitions. The current Calgary housing market offers something for everyone: buyers can find their perfect home without the stress of intense competition, while sellers can still achieve strong results with proper positioning.

The key is understanding that this isn’t a crisis – it’s an evolution. We’re moving from a market characterized by scarcity and competition to one defined by choice and opportunity. Both buyers and sellers can benefit from this transition with the right strategy and professional guidance.

Whether you’re looking to buy your first home, upgrade to your dream property, or sell and move to your next chapter, the current market conditions create possibilities that haven’t existed in years. The question isn’t whether this is a good time to buy or sell – it’s about positioning yourself to take advantage of the opportunities that this balanced market presents.

As someone who’s dedicated his career to helping Calgarians navigate their real estate journeys, I’m excited about what lies ahead. This market evolution represents a return to more sustainable, balanced conditions that benefit everyone involved. The opportunities are there – you just need to know how to find them.

Home BuyersHome Sellers June 30, 2025

Why Hoping for a Major Housing Price Crash in Canada Isn’t Realistic and What It Means for Calgary Buyers and Sellers

A recent article by Kenneth Chan in Daily Hive (posted 3 days ago) highlighted some big news from the Canada Mortgage and Housing Corporation (CMHC): Canadians hoping for a sudden, dramatic housing price drop may need to temper their expectations. According to CMHC, prices aren’t likely to plummet — and in fact, the road to greater affordability depends on a massive increase in home construction rather than a price crash.

As a REALTOR® with over 15 years of experience working with homebuyers and sellers in Calgary, I know that national headlines can often cause anxiety or unrealistic hopes. Let’s break down what this report actually means, especially here in Calgary, and why I believe there are encouraging takeaways for both buyers and sellers.

The Big Picture: Canada Needs More Homes — Lots More

The CMHC report states that Canada needs to build between 430,000 and 480,000 new housing units every year until 2035 to improve affordability to levels last seen in 2019 before the pandemic-fueled boom. To put that in perspective, we’re currently building only about 250,000 homes per year.

Why the sudden urgency? After the pandemic, we saw a perfect storm: supply chain issues, skyrocketing demand, low interest rates (at the time), and a surge in immigration. These factors drove up prices rapidly, especially in big markets like Toronto and Vancouver. The new CMHC model no longer targets 2030 as a benchmark for fixing affordability; instead, it uses a rolling 10-year horizon, recognizing that approvals and actual construction take time.

Affordability Metrics Are Changing

CMHC introduced a new metric: the adjusted house price-to-income ratio. In Metro Vancouver, that ratio jumped from 71% in 2019 to a staggering 99% in 2024. In Greater Toronto, it increased from 59% to 74%. Other regions that used to be relatively affordable, like Nova Scotia and New Brunswick, also saw sharp jumps due to increased migration and limited new supply.

Even with aggressive new construction, CMHC suggests that it’s simply not realistic to expect affordability levels to return to early-2000s conditions, especially in our largest cities.

Calgary: A Different Story

While Toronto and Vancouver dominate headlines, CMHC’s data shows that Alberta, and Calgary in particular, is in a different position.

For example, by 2035, average home prices in Calgary are projected to reach about $809,000, up from approximately $614,000 in 2024. Compare that to the projected $1.9 million in Metro Vancouver and Greater Toronto. Yes, this is an increase but it’s far more moderate.

Rental prices in Calgary are also expected to see smaller changes. While rents in Toronto and Montreal may decline slightly (by 6.1%), Calgary is expected to experience about a 6% drop in rents as more supply comes online.

Why Prices Aren’t Expected to Crash

Some people hope for a market “correction” or even a crash to bring homes back into easier reach. But CMHC outlines several reasons why that’s unlikely:

1️⃣ Supply Constraints: There isn’t enough housing supply, and approvals take years. Even if demand softens slightly, the supply backlog will keep prices from crashing.

2️⃣ Strong Demand: High immigration targets mean more people need homes. Canada’s population is projected to grow to nearly 45 million by 2035, up from over 41 million today.

3️⃣ Cost Pressures: Rising construction and financing costs make it harder for developers to build new homes affordably. Builders also face challenges in finding enough skilled labour.

4️⃣ Private Sector Realities: Most new supply comes from private developers. High costs and lower pre-sales make many projects financially unfeasible without strong price support.

What Does This Mean for Calgary Homebuyers?

The big takeaway for Calgary buyers is this: while prices are expected to rise, our market remains more accessible than other major Canadian cities.

Here’s what that means for you:

✔️ Relative Affordability: Compared to Toronto and Vancouver, Calgary offers significantly more home for your money. Even with projected price increases, Calgary homes remain within reach for more buyers.

✔️ A Stable Market: Instead of fearing a sudden crash or dramatic price spike, Calgary’s market is projected to grow steadily. This makes it easier for buyers to plan long term, build equity, and make confident decisions.

✔️ Better Rental Prospects: For those investing in rental properties, Calgary remains an attractive option. With moderate rent decreases and strong demand, rental properties can continue to generate solid income.

✔️ Immigration and Growth: Calgary continues to attract newcomers thanks to its vibrant economy, quality of life, and relatively affordable housing. This ongoing growth supports home values and keeps our market dynamic.

What Does This Mean for Calgary Home Sellers?

For sellers, the report offers encouraging news:

✔️ Sustained Value Growth: Home prices in Calgary are expected to rise steadily. While we may not see the dramatic spikes seen in the last few years, moderate, sustainable growth is a healthy indicator for long-term value.

✔️ Attractive to Buyers Nationwide: As affordability declines in Toronto and Vancouver, more Canadians are looking to Calgary as a place to relocate. This increases your potential buyer pool, whether you’re selling a family home, a downtown condo, or an investment property.

✔️ Confidence in Timing: Sellers often worry about “missing the peak.” But with steady growth projected, there’s less need to time the market perfectly. Selling when it fits your life stage and goals may be more important than trying to guess short-term movements.

The Importance of New Construction and Innovation

A critical part of CMHC’s message is that to restore any level of affordability, Canada needs far more new housing. The report mentions the need for:

  • A larger workforce: More skilled tradespeople and construction professionals.
  • Greater private investment: Incentives and partnerships to make projects feasible.
  • Innovation: Embracing prefabricated and modular building methods to cut costs and speed up construction timelines.

In Calgary, we’ve already seen steps in this direction. New communities are springing up on the outskirts, and infill developments are transforming older inner-city neighborhoods. Embracing innovative construction methods could help us continue to meet demand without sacrificing quality or affordability.

A Word of Encouragement

For buyers, the dream of homeownership is still alive and well in Calgary. Our city’s balance of affordability, quality of life, and future growth prospects makes it one of the most attractive markets in Canada today.

For sellers, your investment in Calgary real estate remains strong. Moderate, sustainable price growth is better for long-term health than volatile peaks and troughs. You can continue to build equity confidently, knowing that our market fundamentals are strong.

Whether you’re considering making a move, investing in a rental, or simply staying informed, the key takeaway is this: Calgary is poised for a bright future. While national headlines often paint a gloomy picture, our local market tells a different story, one of stability, opportunity, and community growth.

My Commitment

As a REALTOR® who has helped hundreds of families and investors navigate the Calgary market for over 15 years, I’m here to be your guide. Whether you’re buying your first home, moving up, downsizing, or investing, I can help you make a plan that fits your goals and protects your long-term interests.

Feel free to reach out if you’d like to discuss what these trends mean for your unique situation. Together, we can turn these market insights into your advantage.

Source: Kenneth Chan, Daily Hive, posted 5 days ago.
“Report says hoping for Canadian housing prices to plummet is not realistic”

Home BuyersHome Sellers June 23, 2025

Signs of Life in the Market: What May’s Uptick in Canadian Home Sales Means for Buyers and Sellers in Calgary

For the first time in 2025, we’ve seen a month-over-month increase in national home sales—and Calgary was one of the key markets helping to move that needle. According to the Canadian Real Estate Association’s (CREA) latest report, home sales across Canada rose 3.6% in May compared to April, breaking a downward trend that’s lasted since late 2024.

This is significant. As someone who’s worked in Calgary’s real estate market for over 15 years, I can confidently say this moment represents more than just a statistical blip, it’s a sign of renewed buyer confidence, a healthier sense of balance, and a potential shift in momentum that Calgary homeowners and home seekers alike should pay attention to.

Let’s dig into what this data means, both nationally and here at home in Calgary, and what you, as a buyer or seller, should be considering as we move into the second half of 2025.

📈 The CREA Stats at a Glance

Here are the key national highlights from CREA’s May 2025 Housing Market Report:

  • National home sales increased 3.6% month-over-month.
  • New listings were also up by 3.1%, showing more sellers are returning to the market.
  • The MLS® Home Price Index (HPI) was relatively unchanged, down just -0.2% from April and -3.5% year-over-year.
  • The actual national average sale price was $691,299, down 1.8% year-over-year.
  • The sales-to-new-listings ratio sits at 47%, consistent with a balanced market (the long-term average is 54.9%).

While these numbers reflect a national average, CREA notes that the strongest contributors to May’s increase in sales were the Greater Toronto Area, Calgary, and Ottawa, a strong signal that our city continues to be one of the most resilient real estate markets in Canada.

🏠 What’s Happening in Calgary’s Market?

Here in Calgary, we’ve been walking a different path than many other major cities. While areas like British Columbia and parts of Ontario have seen sharper price drops and buyer hesitation, Calgary’s fundamentals remain strong:

  • Job growth continues to improve as energy, tech, and finance sectors expand.
  • Interprovincial migration has remained robust, with more Canadians moving to Calgary for affordability and opportunity.
  • Inventory levels, while rising modestly, are still relatively tight in popular price bands.

In fact, while CREA notes that prices have topped out in most Prairie markets, Calgary was mentioned separately, recognized as a more expensive Prairie market, but also one that has held its value better than most.

As of May, Calgary’s benchmark home price remains stable, and unlike parts of Ontario or B.C., we haven’t experienced significant price volatility. In other words: Calgary remains a market with solid footing.

🙋‍♀️ What Does This Mean for Buyers?

If you’re a buyer in Calgary, this is a particularly encouraging time. Here’s why:

  1. Buyer Confidence Is Coming Back

The 3.6% increase in national home sales is the first sign in months that buyers are starting to feel confident again, and the fact that Calgary was part of that upward momentum says a lot about the health of our local market. This renewed confidence can be helpful if you’ve been hesitant to make a move.

  1. More Listings = More Choice

With new listings up 3.1% nationally (and similarly increasing in Calgary), buyers now have more inventory to choose from. This can reduce pressure in competitive segments and allow for more thoughtful decisions, a welcome change from the frenzied pace of 2021-2022.

  1. A Balanced Market Benefits Buyers

The national sales-to-new-listings ratio of 47% indicates a balanced market, where neither buyers nor sellers have the upper hand. This is ideal if you’re looking for a fair deal without excessive competition. In Calgary, some micro-markets are still hotter than others (like townhomes and detached homes under $700K), but overall, buyers are seeing more negotiating room than they did a year ago.

  1. Interest Rate Stability Encourages Action

Although rates remain relatively high compared to pre-pandemic levels, we’re not seeing further increases at this point. For buyers, that removes some of the fear factor. If you’re pre-approved, you can shop with more certainty, an advantage that’s been missing for many in recent months.

🧑‍💼 What Does This Mean for Sellers?

If you’re a Calgary homeowner thinking of selling, May’s CREA report also holds some good news.

  1. Buyers Are Back

The uptick in sales activity is a clear signal that demand is alive and well, especially in Calgary. More buyers mean more eyes on your listing, and that’s key when you’re looking to sell efficiently and for top dollar.

  1. Stable Prices = Predictable Planning

In contrast to other regions where prices have dropped sharply, Calgary’s market has remained relatively stable. That gives you the ability to plan your sale and potential next purchase with more confidence. If you’re upsizing, rightsizing, or moving within the city, this balanced environment works in your favour.

  1. High-Quality Homes Still Command Attention

In this more balanced market, buyers are selective, and rightly so. Homes that show well, are priced accurately, and are marketed professionally continue to sell quickly. If you’re considering listing, now’s the time to invest in presentation and professional strategy to make sure your home stands out.

  1. We May See More Momentum in the Second Half of the Year

CREA’s Senior Economist, Shaun Cathcart, believes we’re not done yet:

“Some of that rebound that we were expecting may have just moved from the first half of the year to the second… I think we’ve turned a corner.”

With daily tracking showing continued increases in sales, there’s reason to believe we’re entering a more active summer market. That’s good news for sellers who’ve been on the fence.

🔍 Why This Moment Matters

Whether you’re buying your first home, moving up, or selling to downsize, market timing matters, but it’s just one part of the equation. What we’re seeing right now is a transitional moment where confidence is returning, activity is picking up, and opportunities are emerging for well-prepared buyers and sellers.

Here in Calgary, we’re not riding a wave of extreme highs or lows. We’re in a market that values smart decisions, thoughtful strategy, and local expertise.

And that’s where I come in.

💬 Final Thoughts From the Ground

As a REALTOR® who’s walked through every kind of market, hot, cold, and everything in between—I’m encouraged by what we’re seeing in the data and in the field.

In May alone, I saw:

  • More showings per listing.
  • Multiple offer scenarios returning in some neighbourhoods.
  • Increased confidence from pre-approved buyers ready to make moves.

It’s not a frenzy, and it’s not a downturn, it’s a market waking up. And for those who are ready, this could be your window to act.

🛠 How I Can Help

If you’re buying:
I’ll help you navigate your options, negotiate effectively, and make sense of what’s possible given your budget and goals.

If you’re selling:
I’ll provide a pricing strategy based on current trends, ensure your property is presented at its best, and guide you through every step so you feel confident and in control.

📲 Let’s Chat

Whether you’re curious about your home’s value, wondering if it’s the right time to buy, or just want to understand your options in this evolving market, I’m here to help.

Reach out anytime for a no-pressure consultation. The right guidance can make all the difference.

Home BuyersHome BuyersHome BuyersHome Buyers June 15, 2025

Calgary Housing Market: Signs of Life and Opportunities for Buyers & Sellers

After a sluggish start to 2025, whispers of optimism are making their way through Canadian real estate markets and Calgary is no exception. According to a recent report by RBC and covered in an article by Uday Rana on Global News, housing activity is showing signs of life in several cities, including right here in Calgary.

For home buyers and sellers alike, this new wave of momentum isn’t just a headline it’s a signal. A signal that conditions are shifting, and that strategic decisions made now can position you well for the months ahead.

Let’s break it down and look at what this means for you if you’re considering buying or selling a home in Calgary this summer or fall.

From Flat to Fluctuating: What’s Happening in the Market?

After what some experts described as a “dead-on-arrival” spring housing market across Canada, activity in May began to warm up. RBC’s report noted that housing resales increased in multiple markets, including Calgary, with an 8% jump in activity from April to May.

Economist Robert Hogue pointed to factors like the de-escalation of certain U.S. tariffs as helping to ease economic anxiety. For the first time in months, some buyers who were sitting on the sidelines have started exploring their options again. While we’re not in boom times, we’re seeing encouraging signs of renewed interest — or, as some experts put it, “cracks of hope.”

In Calgary, this bounce may be modest for now, but it’s real.

“The trade war likely caused some buyers to pause in recent months, but its cooling impact on demand in Calgary may have been limited or even short-lived,” said Hogue.

This aligns with what I’ve been seeing on the ground here in Calgary. People are still cautious, understandably so, but the conversations have shifted from “maybe someday” to “let’s run the numbers.”

What This Means for Buyers in Calgary

If you’re a buyer in this market, the phrase “opportunity window” applies more than ever.

Here’s why:

  1. Inventory is up, giving you options.

You’re not stuck with limited choices. More listings on the market mean less pressure to rush, and a better chance of finding a home that truly fits your lifestyle and budget.

  1. Leverage is on your side.

In this climate, sellers are more open to negotiation and that benefits you. You can often include conditions like financing, inspection, and even flexible possession dates, which can be harder to secure in hotter markets.

  1. Affordability has improved.

While home prices in some areas like Toronto remain down compared to last year, Calgary has stayed relatively steady. That said, there are still pockets of value across the city, especially for first-time buyers or move-up buyers looking for more space.

Mortgage rates have also softened in recent months. According to mortgage expert Penelope Graham, lower rates mean you may qualify for a larger mortgage amount or simply have lower monthly payments.

A Note of Caution: Conditions Still Vary

While optimism is building, this isn’t a green light to throw caution to the wind. Volatility hasn’t vanished. If employment numbers continue to decline nationally or inflation trends shift, market activity could stall again.

That’s why working with a knowledgeable, local REALTOR® (like yours truly!) is so important right now. Each neighbourhood, from Mahogany to Mount Pleasant, has its own micro-market. Success in this environment means understanding both the bigger economic picture and the hyper-local nuances.

What Sellers in Calgary Need to Know

If you’re thinking of listing your home, it’s understandable to feel uncertain. Media headlines might make it seem like doom and gloom, but here’s the truth:

Yes, this is a more strategic market for sellers but it is still very doable.

  1. Pricing is everything.

This isn’t the market to “test the waters” with an inflated list price. Buyers are savvy, and with more options at their fingertips, an overpriced home can sit and become stigmatized. On the other hand, well-priced homes are still selling, and in some cases, attracting multiple offers.

  1. Presentation and marketing matter.

Now more than ever, the way your home is presented online and in person matters. Professional photos, thoughtful staging, and strong digital exposure can set your property apart.

And yes, the REALTOR® you choose to represent your property makes a difference. I specialize in strategy, helping my clients price right, negotiate strong, and attract qualified buyers who are ready to move.

  1. You’re not alone.

While the market isn’t as red-hot as it once was, it’s also not as frozen as some national numbers suggest. In Calgary, we’re experiencing more balance, and with the right guidance, your sale can be successful.

Looking Ahead: What to Expect in Summer and Fall

Industry experts, including Anne-Elise Cugliari Allegritti from Royal LePage, agree: the summer might stay relatively quiet, but a stronger pickup is expected in the fall.

That means now is a great time to prepare. Whether you’re planning to buy or sell, using the summer to get your finances in order, complete small home upgrades, or book a strategy session can pay off when the fall market heats up.

A Positive Note for Both Buyers & Sellers

What I love most about Calgary is its resilience. Our market may not move in lockstep with Vancouver or Toronto and that’s a good thing. We’re more balanced. Our affordability remains stronger. And our community continues to grow in ways that support long-term confidence in real estate investment.

The RBC report even noted that demand is proving sturdy in Prairie cities like Calgary, Edmonton, Saskatoon, and Regina. That’s a testament to our stable economic base, growing population, and quality of life.

If you’re feeling unsure about when or how to make your move, you’re not alone. And you’re not without guidance. As your REALTOR®, my job is to help you move forward with clarity, not pressure, with a strategy that aligns with your goals, not just the market headlines.

Final Thoughts

Yes, we’re in a transitional phase. But within transition lies opportunity.

For buyers, it’s a chance to purchase with more power and less competition.
For sellers, it’s about adjusting expectations, aligning with the right strategy, and positioning your home for success.

In either case, it’s not about waiting for the market to be “perfect.” It’s about having a plan and a partner that helps you navigate whatever conditions come your way.

If you’re thinking about making a move this summer or want to be ready for fall, let’s talk. I’m here to help you find clarity, make smart decisions, and move forward confidently.

Ready to chat about your next move in Calgary?
Book a no-obligation consultation. We’ll build a strategy that works for you.

📌 Article Reference

Based on:
“These real estate markets might be showing signs of life, report suggests”
Story by Uday Rana | Global News | June 2025
With data from RBC, Ratehub.ca, Royal LePage, and Sotheby’s International Realty

Calgary Market ReportsHome BuyersHome BuyersHome Buyers June 9, 2025

May 2025 Calgary Real Estate Market Update: What It Means for Buyers and Sellers

If you’ve been keeping an eye on the Calgary real estate market, you’ve likely noticed some shifts in recent months. May brought a bit of a curveball, but not necessarily a bad one. The big headlines point to a 17% drop in residential sales compared to May of last year, with apartment-style homes and row housing leading the way in that decline.

But let’s take a deeper dive. Because behind that stat, there’s actually a story of opportunity, for both buyers and sellers. And as someone who’s worked in Calgary real estate for over 15 years, I can tell you this: the smart money isn’t running from this market, it’s preparing to make informed, strategic moves in it.

📉 The Big Picture: A Shift Toward Balance

Let’s start with what’s happening at a city-wide level. The total number of sales in May 2025 landed at 2,568. Yes, that’s a decline compared to last year’s breakneck pace, but it’s still 11% higher than long-term averages for May. And it’s an improvement over April’s performance.

Inventory also climbed again in May. This is key, because the combination of rising listings and easing sales has helped shift Calgary out of the extreme seller’s market we were in last year and into much more balanced territory. In fact, with 2.6 months of supply, we’re sitting in a healthy middle ground, not enough to send prices tumbling, but enough to cool the intense bidding wars we saw in 2023 and early 2024.

🧠 What This Means for Sellers: A Smarter, More Strategic Market

If you’re thinking about selling your home, this market might not feel as “hot” as it did a year ago. But here’s the thing, hot doesn’t always equal healthy. Last year, sellers enjoyed intense demand, but that came with buyer fatigue, rushed decisions, and sometimes, deals that fell apart.

Today’s market is different and in many ways, better. Buyers are more serious. There’s less chaos. And while the frenzy has calmed, prices for detached and semi-detached homes remain strong, especially in Calgary’s Northwest, West, and City Centre districts.

If you’re listing a detached home, know that:

  • Prices are still up 1% year-over-year
  • The benchmark price sits at $769,400
  • Certain districts are outperforming others (Northeast is softening due to new competition)

If you’re selling a semi-detached property, the news is even better:

  • Prices are nearly 3% higher than last May
  • The average price has risen to $697,300
  • Inventory remains tight in popular districts like the North West

In other words, the demand is still there but strategy matters more than ever. Accurate pricing, compelling presentation, and skilled negotiation will make the difference between sitting and selling.

🔎 The Opportunity for Buyers: More Choice, Less Pressure

For buyers, this is the window many of you have been waiting for.

We’ve got rising inventory, especially in apartments and row housing, and less competition at the offer table. If you’ve felt frustrated by bidding wars or limited options in the past couple of years, the current conditions might feel like a breath of fresh air.

Let’s break it down:

🏢 Apartment Condos:

  • Sales are down significantly from last May (579 vs. 907 units)
  • Inventory has increased, and prices are softening
  • May’s benchmark condo price was $335,300, down over 1% from last year

Why? There’s more choice for renters and investors thanks to a spike in new apartment construction. That means more competitive pricing in the resale market, great news if you’re looking to get into the market or expand your rental portfolio.

🏘️ Row Homes:

  • Still above long-term sales averages
  • Inventory at its highest point since 2021
  • Benchmark price sits at $453,600, about 2% below last year

Buyers looking for that middle ground between a condo and a detached home will appreciate the increased inventory in this category especially in the North East, North, and South areas of the city.

📍 Neighbourhood Watch: Where the Market’s Moving

Real estate is local, even hyperlocal. And different parts of Calgary (and surrounding communities) are behaving differently.

Here’s a quick round-up:

✅ Strengthening Districts:

  • North West, West, and City Centre are holding steady or seeing slight price increases in detached and semi-detached homes.
  • Okotoks saw a surge in activity and a benchmark price increase to $633,900, up more than 2% over last year.

⚠️ Softening Districts:

  • North East Calgary has the highest months of supply across multiple property types, especially in the apartment sector.
  • Airdrie and Cochrane are seeing more listings and a modest price dip due to new builds hitting the market.

For buyers, this is where it gets interesting. If you’re looking in the North East, South East, or newer areas of Airdrie, you may have extra negotiating power. For sellers, staying ahead of price trends and buyer expectations in these regions is critical but with the right strategy, your goals are absolutely within reach.

💡 My Take: The Market Isn’t Falling — It’s Evolving

Let’s be clear: this is not a “market crash”, it’s a market correction and normalization. The extreme scarcity and record-setting price hikes of the past two years were never sustainable. What we’re seeing now is a rebalancing, a healthier market that benefits both sides of the transaction when approached thoughtfully.

We’re also starting to see more divergence between property types and areas. That means it’s more important than ever to work with a real estate professional who understands:

  • Micro-market dynamics
  • The psychology of today’s buyers
  • The importance of customized negotiation strategies

🧭 Advice for Sellers

  • Don’t panic about price softening. Detached and semi-detached homes are still holding value.
  • Stand out. In a more balanced market, proper staging, great photography, and solid marketing make all the difference.
  • Price it right the first time. Overpricing can backfire quickly.
  • Plan for negotiation. Buyers are more cautious today. I use proven strategies including ZOPA, BATNA, and personality profiling to get you the best outcome.

🧭 Advice for Buyers

  • Get pre-approved. Knowing your numbers gives you confidence and strength in negotiations.
  • Shop strategically. Look at districts with higher inventory as they’re ripe for value.
  • Think long term. Even with minor price adjustments, real estate in Calgary remains a solid long-term investment.
  • Negotiate smart. This is where I shine, creating offers that get you the home and protect your interests.

✨ Final Thoughts

Whether you’re buying your first condo, upsizing your family home, or preparing to sell and downsize, this market has something for you if you approach it with clarity and confidence.

Yes, May brought a slowdown in sales. But we’re still ahead of long-term trends, and Calgary’s real estate fundamentals remain strong. New inventory brings more choice, more balance, and more opportunity, not less.

Want to explore what this market means for your next move? I’m here to help you navigate it with insight, experience, and strategy tailored to your goals.

Let’s talk. No pressure, just honest advice.

June 1, 2025

Navigating the National Slowdown: Why Calgary Remains a Beacon of Opportunity in Canada’s Real Estate Landscape

The recently released May 2025 housing market report, From Rebound to Retrenchment: Canada’s Housing Market Braces for a Prolonged Slowdown by Allwyn Dsouza, presents a sobering national outlook. After a brief rebound earlier this year, Canada’s housing market is once again facing headwinds—declining home sales, affordability challenges, tighter credit conditions, and shifting consumer sentiment.

While headlines may stir concern, it’s important to dig deeper. National trends don’t always translate directly to local markets—and Calgary stands out as a notable exception. For both home buyers and sellers in Calgary, understanding the broader economic context while keeping a local perspective is key to making confident real estate decisions.

Let’s take a closer look at the national trends, break down what they mean for Calgary, and explore why the city remains one of the most compelling real estate markets in Canada.

Canada’s Housing Market: From Cautious Rebound to Renewed Slowdown

According to the report, Canada’s housing market saw a modest rebound in early 2024 as expectations of interest rate cuts spurred some buyers back into the market. However, by Q2 2025, those expectations have been tempered. Rate cuts have been slow to materialize, and affordability remains stretched in many major markets such as Toronto, Vancouver, and Montreal.

The report highlights several key national factors contributing to the slowdown:

  • Sales decline: April saw a 1.7% decline in national home sales—the fourth consecutive monthly drop.
  • Affordability erosion: With interest rates still elevated, borrowing costs remain a key barrier, especially in already pricey markets.
  • Supply building: New listings are on the rise, and active inventory is up 40% year-over-year, shifting market dynamics in favor of buyers.
  • Weaker investor activity: Speculative demand is down, particularly in over-leveraged markets, further cooling overall demand.

The result is a national market that appears to be heading for a prolonged period of slower activity, particularly in the second half of 2025.

The Calgary Difference: Resilient, Affordable, and Growing

While national figures often dominate the conversation, real estate is inherently local—and Calgary continues to defy many of the broader Canadian trends.

Here’s why Calgary stands out:

  1. Relative Affordability

Calgary remains one of the most affordable major cities in Canada. While markets like Vancouver and Toronto struggle with average home prices exceeding $1 million, Calgary’s average detached home price still sits well below that threshold. This affordability provides a strong foundation for market resilience, even as borrowing costs remain high.

In fact, for many interprovincial migrants and young families priced out of other markets, Calgary represents an attainable path to homeownership.

  1. Positive Net Migration

Alberta continues to experience strong population growth, with Calgary absorbing much of that momentum. In 2024, Alberta led the country in interprovincial migration, and that trend is expected to continue throughout 2025. People are not only coming for affordability—they’re staying for opportunity.

With a strong job market, low taxes, and a vibrant economy, Calgary continues to attract new residents, which bolsters housing demand and supports long-term price stability.

  1. Balanced Market Conditions

While much of Canada is shifting into buyer’s market territory, Calgary’s market remains more balanced. Inventory levels are rising here too, but not to the same extent as in other provinces. Days on market remain relatively stable, and well-priced homes—especially in desirable neighborhoods—continue to sell efficiently.

This balance means that both buyers and sellers have opportunities in today’s market, provided they work with a knowledgeable local expert and approach the process strategically.

Opportunities for Buyers: Strategic Entry in a Stabilizing Market

For home buyers in Calgary, the current environment offers a rare window of opportunity:

  • More choice: Inventory is higher than it was during the frenzy of early 2022 or mid-2023, giving buyers more options and reducing pressure.
  • Less competition: With fewer bidding wars and more days on market, buyers can take time to conduct thorough due diligence and negotiate terms that work in their favor.
  • Negotiation power: In many price segments, especially outside the core luxury market, buyers are regaining leverage. Price reductions, seller incentives, and conditional offers are increasingly common.
  • Rate flexibility: While interest rates remain elevated, many economists expect the Bank of Canada to begin easing in late 2025 or early 2026. Buyers willing to enter now can potentially refinance later when rates fall, capturing value in today’s prices.

The key for buyers is preparation. Mortgage pre-approval, clarity on needs and wants, and working with an experienced REALTOR® who understands Calgary’s micro-markets can help buyers make informed, confident decisions.

Advantages for Sellers: Realistic Pricing, Strong Local Demand

Despite national headlines warning of a cooldown, many Calgary sellers are still in a strong position—especially those who prepare well and price strategically.

Here’s why:

  • Continued demand: Calgary’s population growth continues to outpace supply, especially in key family-friendly and commuter neighborhoods. Demand remains robust for detached homes and townhomes under $800,000.
  • Well-prepared homes sell: With more inventory on the market, presentation matters. Homes that are staged, professionally marketed, and priced correctly are still selling quickly—and often close to asking price.
  • Trade-up opportunities: For sellers looking to move into a larger home or a different neighborhood, today’s balanced market offers flexibility. You can sell in a stable market and buy in one too—without the intense pressure of a heated bidding war environment.

A successful sale in today’s market depends on smart strategy. That includes understanding buyer psychology, leveraging market data, and working with a REALTOR® who brings negotiation expertise to the table.

Looking Ahead: Cautious Optimism in a Shifting Landscape

The national market may be facing a reset, but Calgary continues to hold firm as a place of possibility. Whether you’re considering buying your first home, upgrading, downsizing, or investing, the key lies in understanding both the big picture and the local nuance.

As always, I’m here to help you navigate the market with confidence. With over 15 years of experience in Calgary real estate, I’ve seen the cycles, the challenges, and the opportunities—and I know how to position my clients for success in all market conditions.

Need Help Making Sense of Today’s Market?

Let’s connect. I’d be happy to walk you through what the current market means for your unique situation—whether you’re looking to buy, sell, or simply want to stay informed.

Home BuyersHome Sellers May 26, 2025

If You’re a Seller, What’s Your Best Move in a Tricky Real Estate Market? A Calgary Perspective

Spring usually brings a sense of renewal and optimism in the real estate market, often kicking off what many in the industry call the “spring market surge.” But as we’ve seen across many parts of Canada — and yes, right here in Calgary — 2025’s market is more complex. It’s nuanced, it’s shifting, and it requires a strategic mindset whether you’re buying or selling.

A recent article by Sean Previl for Global News highlights how Canadian sellers, particularly those in cities like Toronto and Vancouver, are navigating an unpredictable market landscape. In these cities, rising inventories and economic uncertainty have made it a buyer’s market. Condominiums, especially, have taken a hit, with many sellers needing to “take the loss” just to close a deal.

So where does Calgary stand in all this? And more importantly, what does it mean for you — a buyer or seller in this ever-evolving market?

Let’s dive in.

The National Picture — and What It Means for Calgary

According to the Canadian Real Estate Association (CREA), national home sales in April declined nearly 10% compared to last year. Ontario and B.C. have seen home prices drop, with Ontario’s average slipping from $902,535 to $859,645 and B.C.’s from about $1 million to $946,000.

But Alberta, our home turf, is a different story. Prices here are bucking the trend — actually increasing by about $25,000 year-over-year. Calgary specifically continues to show resilience, with single-family homes in particular still experiencing healthy demand. While that doesn’t mean we’re immune to broader economic pressures, it does highlight a valuable truth: real estate is hyperlocal.

So while national headlines may scream downturn, the message for Calgary sellers and buyers is more nuanced — and that’s where experienced local insight really matters.

What Sellers Need to Know: The “Three Ps”

One key takeaway from the Global News article is the advice from Century 21 REALTOR® Stephen Moore, who emphasizes the importance of the “Three Ps” when selling in a complex market:

  • Price
  • Promotion
  • Product

As a REALTOR® with over 15 years of experience here in Calgary, I couldn’t agree more.

Let’s break down what each of these looks like in the Calgary market:

  1. Price it Right — The First Time

In a shifting market, overpricing is one of the most common — and most damaging — mistakes a seller can make. Buyers are more informed than ever. They’re studying recent sales, watching interest rate trends, and they’re not likely to waste time on a listing that’s priced too high.

In Calgary, I’ve seen that when a property is priced even $10,000 too high, showings slow down dramatically. It doesn’t take long before a listing goes stale — and then you’re on your back foot, making reactive price reductions that could have been avoided with a proper strategy up front.

This is where working with a REALTOR® who knows your community inside and out becomes invaluable. Every neighborhood in Calgary — from Evergreen to Inglewood, Tuscany to Beltline — has its own micro-market. Pricing properly means knowing how those nuances affect value.

  1. Promotion — Beyond the MLS

The days of relying solely on the MLS are gone. Today’s promotion is multi-faceted. Yes, you still need that MLS listing with professional photos and compelling copy, but it’s just the beginning.

Marketing your home in today’s market means:

  • Professionally staged and photographed properties
  • Walkthrough videos or virtual tours
  • Exposure on social platforms like Instagram, Facebook, and YouTube
  • Leveraging email campaigns and REALTOR® networks

In fact, I’ve had listings sell directly through social media promotion before they ever hit Realtor.ca — that’s the power of good storytelling and targeting the right audience.

  1. Product — Make Sure Your Home Shines

Buyers today want move-in ready. If they have to work too hard to see the potential in your home, they’ll move on to one that already has it. This doesn’t mean you need a full renovation, but it does mean investing in small improvements and proper staging can offer significant returns.

Simple fixes like new paint, updated lighting, decluttering, and fresh landscaping can dramatically change first impressions — and in a market that’s more competitive, every impression counts.

Calgary’s Condo Challenge

If you’re a condo owner in Calgary, you may be facing similar headwinds to sellers in larger urban centres like Toronto and Vancouver.

According to the Global News article, many newly built condos across Canada have struggled due to their smaller sizes and investor-heavy buyer pools. And yes — we’re seeing some of that here, too.

In Calgary, many condos are still appealing to first-time buyers and investors, but rising interest rates and affordability challenges have sidelined many of these purchasers. Inventory levels in some areas — especially downtown and inner-city Calgary — are growing. That means more competition for sellers and longer days on market.

If you’re a condo seller, my best advice? Be realistic. Price strategically and focus on what makes your unit stand out. Parking? View? Square footage? Balcony? Proximity to transit or nightlife? These are your selling points. Lean into them, hard.

Buyers — There Are Still Opportunities

Despite the cautious mood among some sellers, buyers in Calgary are in a relatively strong position — especially compared to markets like Toronto or Vancouver.

That said, don’t confuse “opportunity” with “easy.” Inventory is still tight in many parts of the city, particularly for single-family homes under $700,000. If you’re shopping in this range, be prepared to act decisively when you find the right fit.

Also, don’t forget: a fluctuating market can be intimidating, but it also creates windows of opportunity. When other buyers are sitting on the sidelines, you might find less competition and more flexible terms — particularly if you’re willing to look at homes that have been sitting on the market for a few weeks.

Timing — Should You Sell Now or Wait?

This is one of the most common questions I get, and honestly, there’s no one-size-fits-all answer. As Andrew Lis from Greater Vancouver Realtors mentioned in the article, it comes down to your personal situation.

  • Are you under financial pressure?
  • Do you need to move for work or family reasons?
  • Are you upgrading, downsizing, or shifting to a different lifestyle?

If you need to sell, now is not a bad time — if you price correctly and have a strategy.

If you’re just testing the market or hoping to hit a record-high price, you might want to reevaluate your goals. In today’s market, strategy wins over speculation.

Final Thoughts: Work With the Right Professional

In a market that’s neither red-hot nor ice-cold, experience matters more than ever. The article rightly emphasizes the value of working with a professional who knows how to navigate shifting market dynamics. Whether you’re a first-time buyer, a seasoned seller, or someone managing a property portfolio, having an expert in your corner can make the difference between frustration and success.

As a Calgary REALTOR® with over 15 years of experience and a deep background in negotiation, market analysis, and client advocacy, my goal is to make this process as seamless — and successful — as possible for you.

If you’re considering buying or selling, I’d love to chat and walk through your unique situation. Together, we can build a custom plan that works with the market — not against it.

📲 Let’s Connect

Have questions about your next move? Reach out anytime — I’m here to help.

Calgary Market ReportsHome SellersHome SellersHome SellersInsights from a REALTOR May 19, 2025

Canadian Housing Market Stabilizes in April—What It Means for Buyers and Sellers in Calgary

On May 15, 2025, the Canadian Real Estate Association (CREA) released its April housing market report, and for the first time in months, national home sales didn’t decline. While activity remained flat at -0.1% month-over-month, this marks a shift from the cooling trend seen since the start of the year.

But what does this mean for the Calgary real estate market? And more importantly—what does it mean for you if you’re planning to buy or sell a home in 2025?

Let’s break it down.

National Highlights at a Glance

Before we zoom in on Calgary, here are the key national stats from the April 2025 report:

  • National home sales were unchanged (-0.1%) from March.
  • Monthly activity was down 9.8% year-over-year.
  • New listings fell 1% month-over-month.
  • The MLS® Home Price Index dropped 1.2% month-over-month, and 3.6% year-over-year.
  • The national average sale price was down 3.9% compared to April 2024.
  • There were 183,000 properties listed for sale across Canada—up 14.3% from last year but still below the long-term average.
  • Sales-to-new listings ratio sits at 46.8%, indicating a balanced national market.

Understanding the National Pause: Tariffs, Not Just Interest Rates

One of the most noteworthy shifts is the role that tariffs—rather than interest rates—are now playing in slowing down buyer activity. CREA’s Senior Economist, Shaun Cathcart, explains that uncertainty around tariffs has replaced rate hikes as the top concern for many prospective buyers.

This has contributed to a quieter market—similar to the second half of 2022 and parts of 2023—where confidence remains subdued, and both buyers and sellers are hesitant to act without clear direction.

CREA also issued a cautionary note: if we see a shift from homeowners choosing to sell to having to sell due to economic pressures, we could face a more significant market disruption—something we haven’t seen in decades.

Calgary Real Estate in 2025: How Are We Different?

While national stats give us an important backdrop, real estate is inherently local. Calgary’s market continues to perform differently from the national average—especially when compared to larger markets like Toronto or Vancouver.

Here’s how:

  • Inventory in Calgary remains tighter. The national increase in listings is driven mostly by Ontario and B.C. Calgary hasn’t experienced the same surge, and supply remains more constrained.
  • Our pricing trends have been more resilient. While the national HPI is down 3.6% year-over-year, Calgary has seen more modest shifts—especially in desirable neighbourhoods and certain price brackets.
  • Demand in Calgary is still healthy. Interprovincial migration and relative affordability continue to drive interest in Calgary homes, especially from buyers relocating from more expensive provinces.

What This Means for Buyers in Calgary

If you’re thinking of purchasing a home in Calgary in 2025, here’s what the current environment means for you:

✅ 1. It’s a more balanced market—use that to your advantage.

With flat national sales and slightly declining prices, we’re not in the overheated market of early 2022. While Calgary remains competitive in some segments, buyers are gaining negotiating power in others. This is where strategy matters—knowing when to act and when to wait.

✅ 2. Pricing is more stable locally than nationally.

National price drops may sound like an opportunity, but remember: Calgary hasn’t seen the same magnitude of decline. In some areas, prices are holding firm—or even inching up. This underscores the importance of having a local REALTOR® who knows the micro-markets inside out.

✅ 3. Interest rate stability is helping affordability.

We’ve shifted from rapidly rising interest rates to a plateau, and while rates haven’t dropped significantly yet, the predictability is welcome news for buyers. It allows for better financial planning and mortgage qualification.

✅ 4. Tariff concerns may influence construction and renovation costs.

If you’re considering new builds or major renovations, keep an eye on tariffs, especially those affecting materials like lumber, steel, or drywall. These may impact pricing or availability in the months ahead.

What This Means for Sellers in Calgary

If you’re preparing to list your home this year, the April data highlights a few key considerations:

✅ 1. Calgary sellers are in a stronger position than many across Canada.

While sellers in Ontario and B.C. face higher competition and longer days on market, Calgary still has tight inventory in many communities. Homes priced accurately and presented well continue to sell.

✅ 2. Be prepared for discerning buyers.

Even in tighter markets, today’s buyers are well-informed and cautious. Pricing your home too high could lead to extended days on market and necessary price reductions later. A thoughtful pricing strategy, based on recent comparable sales and market activity, is essential.

✅ 3. Presentation and timing matter more than ever.

With more balanced conditions, staging, professional photography, and listing at the right time (and in the right season) can make a big difference. Gone are the days when any listing would sell in a weekend—today’s market requires more finesse.

✅ 4. Local market knowledge is critical.

Buyers are seeking value, and their agents are looking closely at comparables. Having a REALTOR® who not only understands your neighbourhood but can negotiate effectively on your behalf is a significant asset.

Final Thoughts: Navigating Calgary’s Market in 2025

Whether you’re looking to buy or sell, the message is clear: national data provides helpful context, but real estate success in Calgary hinges on local knowledge, timing, and strategy.

The good news? We’re in a more balanced and rational market. The urgency and bidding wars of the past few years have cooled, and buyers and sellers alike have room to make more informed, thoughtful decisions.

If you’re ready to take the next step—or even just want to explore your options—I’m here to help. With over 15 years of experience guiding Calgarians through changing markets, I bring a calm, strategic approach to every transaction.

Let’s connect and talk about how we can make your next move a smart one.

📞 Contact me today to book a no-pressure consultation.