Supply Growth Weighs on Home Prices
Calgary’s housing market is starting to feel the impact of higher inventory levels, particularly in newer communities. According to the latest Calgary Real Estate Board (CREB®) stats, July 2025 ended with 6,917 active listings—a level we haven’t seen since before the pandemic and higher than our long-term historical trends.While supply gains have been reported across all property types and districts, the largest jumps are happening in areas with new community growth, where more homes are hitting the market at once.
How Supply is Impacting Prices
The increase in available homes is putting some downward pressure on prices in certain parts of the city. The total residential benchmark price in Calgary has been trending down for several months and now sits 4% below the June 2024 peak.That said, this is not a citywide price crash. As CREB® Chief Economist Ann-Marie Lurie points out:“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.”
The biggest price drops are showing up in apartment and row-style homes, especially in the North East and North districts, where new supply has grown the fastest. Detached and semi-detached homes, on the other hand, remain relatively stable in price with more balanced supply conditions.
July 2025 Calgary Housing Market Snapshot
- Active Listings: 6,917 (up 66% compared to last year)
- Sales: 2,099 homes sold (down 12% compared to last year)
- New Listings: 3,911 (up 8% compared to last year)
- Benchmark Price: $582,900 (Trending down over recent months, down 4% from June 2024 peak)
- Months of Supply:
- Apartment-style: 4+ months (buyer’s market conditions)
- Detached & Semi-detached: ~3 months (balanced conditions)
Why Sales Are Slowing
Beyond the higher inventory, several factors are contributing to softer sales:- Economic uncertainty from ongoing tariff issues
- Stable interest rates with no recent lending rate cuts to boost demand
- Increased competition from Calgary’s thriving new home market
What This Means for Buyers and Sellers
For Buyers – If you’re looking for an apartment or row home, particularly in the NE or North Calgary, conditions are starting to tip in your favour. More choice means more room to negotiate and potentially better value.
For Sellers – Detached and semi-detached homes are still in relatively balanced territory, but strategic pricing and presentation are key. In high-supply segments, setting your home apart with strong marketing and competitive pricing is more important than ever.
Thinking of Making a Move in Calgary?
Whether you’re buying or selling, Calgary’s market in 2025 is all about strategy. More inventory means more options for buyers, and sellers can still secure strong results with the right plan.
As a Calgary real estate advisor, I can help you understand the trends in your specific community and price range so you can make confident decisions.
📞 Contact me today for a personalized market analysis or to start your buying/selling journey with a data-driven approach.
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