RSS

Spring 2025 Real Estate Recap: Calgary Market Finds Its Balance

Spring 2025 Real Estate Recap: Calgary Market Finds Its Balance

A cooling off—but healthy stability

Calgary home sales have softened more than expected in spring 2025—dropping from an unusually hot start—yet remain well above the lows of 2015–2019, aligning more with historical norms. CREB Chief Economist Ann-Marie Lurie notes that rising stockpiles of listings and caution from buyers are steering the market from seller’s advantage toward a more neutral stance.

New supply surging—especially higher-density

Record-breaking new home construction—particularly apartments and townhomes aimed at the rental market—is flooding the pipeline. As these properties complete, they’re spilling supply into the resale market, causing inventory to double over last year.

Price trends: calm with variations

Price adjustments vary by property type:

• Detached homes: Prices expected to hold steady or rise slightly in tight pockets

• Apartment-style units: Anticipated 2% price drop amid rising competition

• Row/townhomes: Forecast to decline ~1% due to growing options and resale supply

Macro headwinds & market upside

Lingering trade uncertainty—tariffs on steel, energy, agriculture—has lowered confidence and slowed sales in spring. Still, a resilient job market, steady population migration, and projected rate cuts later in 2025 offer market support .

Regional and segment nuances

• Lower-priced detached homes remain in seller’s territory, especially below $600K

• Higher-density supply is tightening conditions in northeast and northern Calgary, dragging down price momentum for upper-end detached listings 

What It Means for Buyers and Sellers

For Buyers:

  • More resale options, especially in apartments & townhomes.

  • Rental and condo competition creates negotiation leverage.

For Sellers

  • Detached sellers in high-demand sub-$700K pockets may still command premium prices.

  • Sellers outside tight areas might experience slower bids.

Key Takeaways at a Glance

• Sales: Cooling more than predicted, now hovering around long-term averages.

• Inventory: Doubled vs. last year, returning supply to normal.

• Prices: Stabilizing — flat for detached, slight dips for apartments/rows.

• Market stance: From “sellers’ turf” to a balanced, even slightly buyer-favouring landscape

In Summary

Calgary’s spring 2025 market is evolving. A combo of economic caution and a surge in higher-density supply is transforming the real estate landscape into a more balanced, grounded market. Buyers enjoy more room to negotiate, while sellers in certain hot zones could still see strong outcomes. Detached home prices remain the rock of stability, while condos and townhomes are easing modestly—making it arguably the most level and realistic market we’ve seen in years.

Source: CREB.com

Comments:

No comments

Post Your Comment:

Your email will not be published
Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.