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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.
Calgary’s Rental Market Shift: Great News for Home Buyers and Sellers
The latest rental market data brings exciting news for Calgary’s real estate landscape. According to a comprehensive report released today by Rentals.ca and Urbanation, Calgary is leading the charge in rental affordability improvements, creating ripple effects that benefit both home buyers and sellers in our vibrant city.
The Numbers Tell a Positive Story
Calgary experienced the most significant rental decline among Canada’s major cities, with apartment rents dropping an impressive 7.9% year-over-year to $1,927. This substantial decrease isn’t an isolated incident – it’s part of a broader 10-month trend of declining rental costs across the nation, with the national average falling 3.6% to $2,121.
What makes this particularly encouraging for Calgary residents is that our city is outpacing the national trend in affordability improvements. While the national rental market shows signs of softening, Calgary is positioned as a leader in providing more accessible housing options.
What This Means for Home Buyers
This rental market shift creates a uniquely favorable environment for potential homeowners in Calgary:
Reduced Competition from Investors: With rental yields declining, some investment property owners may choose to sell rather than continue renting. This increases housing inventory and provides more options for first-time buyers and families looking to upgrade.
Improved Affordability Ratios: Lower rental costs mean residents can allocate more of their income toward saving for a down payment. The $153 annual savings from reduced rent (based on the 7.9% decrease) can contribute meaningfully to homeownership goals.
Market Timing Advantage: The current environment suggests a buyer’s market is developing, where purchasers have more negotiating power and selection. Smart buyers can capitalize on this window of opportunity.
Opportunities for Home Sellers
While declining rents might seem concerning for sellers, the data reveals several positive implications:
Motivated Buyer Pool: As rental costs become more reasonable, more people can afford to live in Calgary, expanding the potential buyer base for your property.
Investment Property Repositioning: Property owners may choose to sell rental units to owner-occupants, often at premium prices compared to investor sales.
Long-term Market Health: The rental market correction indicates a healthy adjustment that makes Calgary more attractive to newcomers and young professionals, future home buyers who will drive demand.
Calgary’s Competitive Advantage
At $1,927 average rent, Calgary remains significantly more affordable than Vancouver ($2,830) and Toronto ($2,587), while offering comparable urban amenities and economic opportunities. This affordability advantage positions our city as an attractive destination for interprovincial migration, supporting long-term real estate demand.
The broader Alberta market shows similar positive trends, with provincial rents down 3.9% year-over-year to $1,738, reinforcing our region’s appeal to cost-conscious residents and businesses.
Looking Ahead
Industry experts predict continued downward pressure on rents heading into fall, suggesting this trend may persist. For our local real estate market, this creates a foundation for sustainable growth built on genuine affordability rather than speculative bubbles.
The current data supports what many of us already know: Calgary offers exceptional value in Canada’s real estate landscape. Whether you’re ready to make your first home purchase or considering selling to take advantage of market conditions, now presents unique opportunities in our dynamic city.
As your local real estate professionals, we’re here to help you navigate these market shifts and capitalize on the opportunities they present. The numbers clearly show Calgary is positioning itself as one of Canada’s most attractive real estate markets – and we couldn’t be more excited about what’s ahead.
Sources: The Canadian Press report “Average asking rents fall annually for 10th straight month to $2,121: report” by Sammy Hudes, published August 8, 2025; Rentals.ca and Urbanation monthly rental report
Calgary Real Estate Market Update: August 2025 – A Market in Transition Creates New Opportunities
August 1, 2025
The Calgary housing market is experiencing a significant shift that’s creating exciting opportunities for both buyers and sellers. According to the latest data from the Calgary Real Estate Board (CREB), July 2025 has brought us a more balanced market with increased inventory and evolving price dynamics that benefit different segments of our community.
Market Overview: Supply Growth Brings Balance
Calgary’s housing inventory has reached 6,917 units in July, the highest levels we’ve seen since before the pandemic. This substantial increase in available homes represents a return to more normalized market conditions, moving away from the ultra-competitive seller’s market we experienced in recent years.
“Price declines are not occurring across all property types in all locations of the city, and even where there have been declines, it has not erased all the gains made over the past several years,” notes Ann-Marie Lurie, Chief Economist at CREB. This balanced perspective reminds us that while some adjustments are occurring, the market remains fundamentally strong.
What This Means for Home Buyers
Great News for Buyers! The current market conditions present several advantages:
More Choice and Less Competition: With inventory at pre-pandemic levels, buyers now have significantly more options to choose from. Gone are the days of multiple offer situations on every property.
Improved Negotiating Power: The shift to balanced conditions means buyers can take their time, conduct thorough inspections, and negotiate more favorable terms.
Apartment and Row Home Opportunities: These property types are seeing the most significant price adjustments, particularly in the North East and North districts, creating excellent entry points for first-time buyers and investors.
Regional Opportunities: Areas like Airdrie are showing attractive pricing, with benchmark prices at $532,800, nearly four percent below last year’s levels while still maintaining strong fundamentals.
What This Means for Home Sellers
Strategic Opportunities Remain: While the market has cooled from its peak, sellers can still capitalize on several positive factors:
Strong Baseline Values: Current prices remain well above historical norms, with most areas retaining the significant gains made over recent years.
Location Matters More Than Ever: Premium locations continue to perform well. The City Centre saw detached home prices rise nearly two percent, while areas like Cochrane maintain benchmark prices over two percent higher than last year.
Quality Stands Out: In a balanced market, well-presented, properly priced homes still attract strong interest. Professional staging and competitive pricing are more important than ever.
New Listings Activity: With 3,911 new listings in July (over eight percent higher than last year), sellers are actively participating in the market, indicating continued confidence.
District-by-District Highlights
Strong Performing Areas:
- City Centre: Showing resilience across property types with price growth
- North West, West, and South: Maintaining months of supply well below three months
- Cochrane: Benchmark price of $590,000, up over two percent from last year
Value Opportunities:
- North East and East: Offering the best value adjustments for buyers
- Airdrie: Strong fundamentals with attractive pricing at $532,800
The Bigger Picture: A Healthy Market Transition
This market shift represents a healthy normalization rather than a cause for concern. We’re moving from an unsustainable seller’s market to balanced conditions that serve both buyers and sellers more effectively.
The factors driving these changes, including persistent economic uncertainty, stable lending rates, and competition from new home construction, are temporary market influences rather than fundamental structural problems.
Looking Ahead: Timing Your Move
For Buyers: This fall presents an excellent window of opportunity. With four months of supply in the apartment sector and three months for detached homes, you have time to make informed decisions without the pressure of recent years.
For Sellers: Price strategically and present your home professionally. While you may not see the rapid appreciation of 2023-2024, well-positioned properties continue to sell effectively in this more selective market.
Regional Markets: Diverse Opportunities
Okotoks continues to show the tightest conditions with only two months of supply, making it attractive for sellers, while Airdrie and Cochrane offer different value propositions for buyers seeking more space and value.
Conclusion: Embracing Market Balance
Calgary’s real estate market is demonstrating the kind of healthy adjustment that creates sustainable, long-term value for our community. Whether you’re looking to buy your first home, upgrade to accommodate a growing family, or make a strategic investment, the current market conditions offer distinct advantages that weren’t available during the heated competition of recent years.
The key to success in today’s market is working with experienced professionals who understand these nuanced conditions and can help you navigate the opportunities available in your specific situation and preferred locations.
Source: Calgary Real Estate Board (CREB) July 2025 Housing Market Update
Maintaining Housing Momentum: A Critical Path Forward for Alberta’s Economic Growth
Based on the Calgary Chamber of Commerce report “Home Economics II: Maintaining Momentum” released July 24, 2025
As a member of the Calgary Chamber of Commerce, I’m pleased to share insights from this important report that outlines the critical path forward for housing development in our region.
One year after the Calgary Chamber of Commerce released its landmark report “Home Economics: Unlocking Growth Through Housing Solutions,” the housing landscape across Alberta and Canada has evolved dramatically. The Chamber’s latest analysis, “Home Economics II: Maintaining Momentum,” reveals both encouraging progress and persistent challenges that demand continued action from all levels of government.
The Current Reality: Progress Amid Persistent Challenges
Alberta stands as a beacon of housing development success in a otherwise challenging national landscape. While Canada’s overall housing starts have declined by one percent, Alberta has defied this trend with remarkable growth. The province’s seasonally adjusted annual housing start rate of 68,494 units represents a staggering 79 percent increase over the five-year average, with year-to-date starts up 28 percent compared to 2024.
Calgary has emerged as a particular success story. With support from the federal Housing Accelerator Fund, the city has incentivized the production of 44,726 units over the past 20 months—a testament to what can be achieved when political will aligns with effective policy implementation.
These achievements come at a critical time. Alberta recently surpassed five million residents, with Calgary alone growing by nearly 220,000 people between 2020 and 2024. Looking ahead, the province is projected to reach 7.1 million residents by 2051, making sustained housing development not just beneficial but essential for continued economic prosperity.
The Business Case for Housing: More Than Shelter
The Chamber’s report emphasizes a crucial point often overlooked in housing discussions: housing affordability is fundamentally an economic growth issue. Businesses require workers, and workers require appropriate, affordable housing. Without adequate housing supply, labor shortages intensify and wage pressures increase, creating a cascading effect throughout the economy.
The data supports this connection. Calgary’s focused housing investments are already showing tangible results in market conditions. Rental rates in the city declined six percent from February 2024 to 2025, while average condo prices decreased 1.6 percent to $352,000 during the same period. These improvements create breathing room for businesses struggling to attract and retain talent in a competitive market.
However, challenges persist. Supply chains remain strained by global trade tensions and labor disruptions, while skilled labor shortages continue to limit construction capacity. The construction sector faces particular pressure, with Alberta’s construction industry showing a 5.6 percent job vacancy rate—nearly double the sector average of 2.9 percent. In Calgary specifically, the construction job vacancy rate reaches 22 percent, highlighting the urgent need for workforce development initiatives.
Government Leadership Across All Levels
The report acknowledges unprecedented political momentum to address housing affordability, with substantial commitments from all levels of government:
- City of Calgary: $60 million through the Housing Capital Initiative for non-market housing
- Government of Alberta: $1.2 billion over three years to add 6,300 affordable units
- Government of Canada: Launch of Build Canada Homes, targeting 500,000 housing starts per year over the next decade
These investments represent the strongest governmental commitment to housing in a generation. Yet the Chamber warns that maintaining momentum requires more than financial commitments—it demands coordinated action and innovative approaches.
Municipal Priorities: Building on Calgary’s Success
At the municipal level, Calgary has demonstrated that strategic investments yield measurable results. The city’s Housing Capital Initiative investment of $60 million supports non-market housing development, which creates a positive ripple effect throughout the housing market by allowing eligible residents to transition from market rental units to non-market housing, thereby easing overall demand pressures.
The Chamber recommends Calgary continue prioritizing several key areas:
Technology Integration: Leveraging innovative solutions such as drones and artificial intelligence to increase inspection efficiency, reduce application wait times, and improve overall productivity in the approval process.
Cost Reduction: Decreasing direct and indirect government charges on new developments while reducing approval timelines to improve project economics for developers.
Regulatory Predictability: Implementing efficient, predictable timelines for development applications, with the Chamber specifically recommending a strict six-week timeline for development and building permit decisions.
The city’s “Home is Here” housing strategy must be fully implemented, with particular focus on increasing density along transportation corridors and developing business-friendly zoning bylaws that support innovative modular housing projects.
Provincial Leadership: Addressing Systemic Challenges
Alberta’s housing market shows signs of stabilization, with average rental rates declining 0.4 percent from April 2024 to 2025, while detached home prices increased modestly by 1.7 percent to $607,000. However, the provincial government faces critical challenges in workforce development and regulatory harmonization.
The Chamber identifies several provincial priorities:
Labor and Training: Expanding post-secondary construction programs to address the severe shortage of skilled workers. Current demand for trades programs significantly exceeds capacity, with some programs reaching capacity within hours of opening registration.
Building Code Harmonization: Working with federal, provincial, and municipal partners to harmonize building codes across jurisdictions, reducing regulatory burden and improving construction efficiency.
Non-Market Housing: Increasing investment in affordable housing development. In 2024, Alberta funded only 798 new affordable housing units—well short of the Ministry of Seniors, Community and Social Services’ goal of 1,500 units.
The recent provincial-federal agreement allocating $203 million toward non-market housing represents progress, but sustained commitment will be necessary to meet growing demand.
Federal Support: Infrastructure and Innovation
Nationally, housing markets are cooling from post-pandemic surges, with rental rates declining 2.7 percent and condo prices dropping 5.2 percent across Canada from 2024 to 2025. The federal government’s Housing Accelerator Fund and the newly announced Build Canada Homes initiative show promise, but the Chamber emphasizes the need for stable, long-term federal support.
Critical federal priorities include:
Funding Programs: Expanding direct funding programs while reducing bureaucratic barriers that slow project implementation. The Chamber specifically recommends targeting municipalities with high housing need and incentivizing higher-density projects.
Innovation Support: Encouraging development and adoption of innovative construction methodologies, including modular construction, prefabricated homes, and mass timber building techniques.
Supply Chain Resilience: Addressing supply chain disruptions that have increased home-building input costs by an average of 58 percent since 2020. This requires investment in ports, rail terminals, and aviation infrastructure, along with proactive measures to minimize labor disruptions.
Credential Recognition: Supporting interprovincial and international credentialing to expand the skilled labor pool available to construction businesses.
The Path Forward: Maintaining Momentum
The Chamber’s report makes clear that Canada faces a potential shortage of 3.5 million homes by 2030—a crisis that would have devastating economic consequences. However, Alberta’s success demonstrates that coordinated government action can produce meaningful results.
The key to maintaining momentum lies in recognizing housing as economic infrastructure, not just social policy. When governments invest in housing development, they invest in business competitiveness, labor market stability, and long-term economic growth.
As Alberta prepares for continued population growth driven by immigration and interprovincial migration, the province’s relatively affordable cost of living remains a significant competitive advantage. Maintaining this advantage requires sustained commitment to housing development, infrastructure investment, and innovative policy solutions.
The Calgary Chamber of Commerce’s “Home Economics II” report provides a roadmap for this continued progress. By implementing the recommended actions across municipal, provincial, and federal levels, Alberta can maintain its leadership position in housing development while supporting the economic growth that makes the province an attractive destination for businesses and workers alike.
The housing challenge is complex, but Alberta’s recent success proves that with political will, strategic investment, and coordinated action, meaningful progress is possible. The momentum exists—now it must be maintained and accelerated to meet the growing needs of Alberta’s expanding population and economy.
This analysis is based on the Calgary Chamber of Commerce report “Home Economics II: Maintaining Momentum,” released July 24, 2025. The report builds on the Chamber’s 2024 publication “Home Economics: Unlocking Growth Through Housing Solutions” and includes data from various government sources and industry reports, including research from Scotiabank on social housing needs.
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
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
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.
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”
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:
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
