Calgary Housing Market Outlook 2025

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Calgary Market Report Summary

• The average selling price of a home in Calgary decreased by 2.2% year-over-year to $565,200 in October 2025.
• The average selling price of a single-family home in Calgary decreased by 0.5% year-over-year to $677,700 in October 2025.
• The average selling price of a townhouse/multiplex in Calgary decreased by 3.7% year-over-year to $447,000 in October 2025.
• The average selling price of a condo in Calgary decreased by 6% year-over-year to $325,700 in October 2025.
• The average rent in Calgary decreased by 7.2% year-over-year to $1,851 for October 2025.
• November 26, 2025: Today’s lowest mortgage rate in Calgary is for a 5-year fixed.

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Composite Home Prices

Single-family Home Prices

Townhouse and Multiplex Prices

Condo Prices

Calgary Housing Market Summary

Data from the Calgary Real Estate Board (CREB) indicates that the average price of resale residential homes sold across Calgary in October 2025 was $565,200, and it decreased of 2.2% compared to a year ago.

CREB also reported a sales-to-new-listings ratio (SNLR) of 58%, indicating a Balanced in Calgary for October 2025.

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Calgary Home Sales Edge Higher and New Listings Slow in October

According to the Calgary Real Estate Board (CREB), Calgary’s housing market saw inventory ease slightly in October as a modest increase in home sales, combined with a pullback in new listings, helped slow recent supply growth. The city ended the month with 6,471 active listings and 1,885 sales, bringing months of supply back down to 3.5 after climbing to 4 in September. Detached and semi-detached homes continued to sit in relatively balanced conditions, while row and apartment units remained oversupplied.

Calgary October Market Highlights

• 6,471 units in inventory
• 1,885 home sales, up month over month
• 3.5 months of supply, down from 4 in September
• Benchmark price at $568,000, down nearly 1% monthly
• Home prices are more than 4% lower than last year
• Town/Rowhouse prices down 6% year over year
• Apartment/condo prices down 7% year over year

Price Adjustments Continued in Calgary, Buoyed by High Supply

Calgary’s total residential benchmark reached $568,000 in October, declining nearly 1% from September and more than 4% from last year. The softest conditions remained in the row and apartment segments, where elevated supply and improving rental availability reduced ownership demand. These conditions drove row prices more than 6% lower year over year and pushed apartment prices almost 7% below last year’s levels. Detached and semi-detached homes experienced more moderate shifts thanks to steadier sales and more balanced inventory levels.

Detached Market Holds Steady in Calgary Despite Regional Variation

Detached home sales reached 1,012 in October, showing improvement over September, even while sitting 5% below last year. With 1,593 new listings, the sales-to-new-listings ratio (SNLR) rose to 64%, helping inventory ease to 2,913 units. Months of supply held just under 3. While detached benchmark prices eased to $744,400, the 1% annual decline masked wide district-level variation. Home prices rose about 2% in the City Centre but fell more than 5% in the North East. Year-to-date detached prices remained slightly above last year’s levels.

Calgary Market Sees Variation Across Property Types

Semi-detached sales increased in September, while new listings declined. With 186 sales and 613 active listings, the months of supply sat just above 3. Inventory remains higher than last year, but price movements have been modest. October’s benchmark of $683,100 was nearly 1% higher than the same month last year, supported by year-to-date gains of more than 3%.

Row/townhouse sales reached 275 in October, with year-to-date totals down 17%. Inventory climbed to 1,054 units, the highest level ever reported for October and nearly 32% above long-term norms. Months of supply remained close to 4, pushing the benchmark down to $431,200. This price adjustment represented a monthly decline of more than 1% and a year-over-year drop of nearly 6%. Price declines were most pronounced in the North East and North districts, where available supply remained the highest.

Condo/apartment inventory reached 1,891 units with 412 sales, holding months of supply near 5. Sustained buyer’s market conditions continued to weigh on home prices. October’s benchmark price of $318,200 was more than 1% lower than September’s and nearly 7% lower than last October’s. Year-to-date prices were almost 2% below 2024 levels, with the steepest declines in the North East and South East districts due to high resale activity and competing new-build supply.

What These Conditions Mean for Calgary Buyers, Sellers, and Mortgage Holders

Calgary’s mixed market offers different opportunities depending on the property type. Buyers in the row and apartment segments have the most negotiating room thanks to historically high inventory. In contrast, detached and semi-detached buyers face more balanced conditions that still provide meaningful choice. Sellers in oversupplied segments need strategic pricing and flexibility as listings take longer to firm up. Homeowners looking to refinance may still find adequate equity in detached and semi-detached homes.

Month-over-Month Market Expectations for Calgary

Transactions –  Number of Sales

New Listings

Real Estate Market

The sales-to-new-listings ratio (SNLR) measures the number of home sales compared to new listings. An SNLR below 40% suggests a buyer’s market, where buyers have the upper hand and greater negotiating power. An SNLR between 40% and 60% is a balanced market, while an SNLR of over 60% is considered a seller’s market. 

Annual Changes to Composite Home Prices in Calgary

Calgary Market Rents Summary

The average rent in Calgary was $1,851 for the month of October 2025, which decreased by 7.2% on a year-over-year basis.

The average rent for a bachelor apartment in Calgary was $0 for the month of October 2025, which 0 by 0% on a year-over-year basis.

The average rent for a 1-bedroom apartment in Calgary was $1,633 for the month of October 2025, which decreased by 6.8% on a year-over-year basis.

The average rent for a 2-bedroom apartment in Calgary was $2,004 for the month of October 2025, which decreased by 6.8% on a year-over-year basis.

The average rent for a 3-bedroom apartment in Calgary was $1,633 for the month of October 2025, which decreased by 6.8% on a year-over-year basis.

How Does Renting Compare with Homeownership in Calgary?

Each $100,000 in mortgage balance costs an average of $509.35 per month on nesto’s lowest fixed 5-year rate at and $497.95 per month on nesto’s lowest adjustable 5-year rate at . For each $100,000 in mortgage balance, a 0.25% change in Canada’s policy rate impacts the monthly payment by $13.27.

Rates used for calculation are those offered on insured purchases with less than a 20% downpayment on a 25-year amortization. Canada’s policy rate is 2.25%, and nesto’s prime rate is set to 4.45%.

Rental Price Changes by City

Rental Price Changes by Province

Rental Price Growth by Housing Type

Frequently Asked Questions on Calgary Housing Market Outlook for 2025

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