Calgary Real Estate Market Update – October 2025

A Boost in New Listings Drives Further Inventory Gains and Price AdjustmentsAs we transition into fall, Calgary’s real estate market is shifting once again — with rising inventory levels giving buyers more choice and gently easing home prices across several segments.According to the latest Calgary Real Estate Board (CREB®) report, September saw 1,720 home sales, which wasn’t enough to offset the 3,782 new listings that entered the market. That surge in new listings pushed inventory levels up to 6,916 active units — 36% higher than last year and about 17% above long-term September trends.The biggest increases are coming from apartment and row-style homes, both of which have seen inventory soar well above historical averages.

What’s Behind the Rising Supply?

“Supply levels have been rising in the resale, new home, and rental markets,” said Ann-Marie Lurie, Chief Economist at CREB®. “The additional supply choice is coming at a time when demand is slowing, mostly due to slower population growth and persistent uncertainty. Resale markets have more competition from new homes and additional supply in the rental market, reducing the sense of urgency amongst potential purchasers.”This shift has created a market where buyers have more options and sellers are facing stiffer competition — especially in higher-density housing segments like condos and townhomes.

Calgary Housing Market Snapshot – September 2025

• Sales: 1,720 (⬇️ 12% year-over-year)
• New Listings: 3,782 (⬆️ 8% YoY)
• Active Inventory: 6,916 units (⬆️ 36% YoY)
• Sales-to-New Listings Ratio: 45%
• Months of Supply: 4 months — highest since early 2020

This marks a shift toward more balanced or even buyer-favouring conditions in certain areas, after several years of tight seller markets.

Price Trends Across Property Types

With supply growing faster than demand, prices have started to adjust — particularly for apartments and row homes.

• Apartment Condos:Benchmark price at $322,900 (⬇️ 6% YoY).Buyer’s market conditions emerging, driven by excess supply and competition from new developments.
• Row/Townhomes:Also seeing price softening due to inventory growth, though not as steep as the condo sector.
• Detached Homes:Benchmark price at $749,900, down just 1% YoY — showing stability despite increased listings.The most notable price adjustments are in the North East and North districts, where new home construction has expanded rapidly.

A More Balanced Calgary Market Ahead

For the first time since 2020, Calgary’s housing market has reached roughly four months of supply, signaling a more balanced environment between buyers and sellers.While some price easing is occurring, it’s important to remember that home values remain well above pre-pandemic levels. Calgary continues to benefit from affordability, population growth, and economic resilience compared to many other major Canadian cities.

What This Means for Buyers and Sellers

For Buyers:With more listings and less urgency in the market, you now have greater negotiating power. Whether you’re eyeing a condo, townhouse, or single-family home, fall could be the right time to secure a property with more favorable terms.For Sellers:Even in a more balanced market, well-priced and well-presented homes are still selling. Strategic pricing, professional marketing, and expert guidance are key to standing out from increased competition.

Let’s Talk About Your Real Estate Goals

The Calgary real estate market is changing — but with the right strategy, you can still make the most of it. Whether you’re planning to buy, sell, or invest, I can help you navigate this evolving landscape with data-driven insights and local expertise.

📞 Contact me today for a personalized market analysis or to discuss how these trends affect your real estate plans this fall.