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Calgary Market Report Summary

• The average selling price of a home in Calgary decreased by 2.4% year-over-year to $567,900 in September 2025.
• The average selling price of a single-family home in Calgary decreased by 0.6% year-over-year to $680,400 in September 2025.
• The average selling price of a townhouse/multiplex in Calgary decreased by 3.6% year-over-year to $450,200 in September 2025.
• The average selling price of a condo in Calgary decreased by 6.2% year-over-year to $329,400 in September 2025.
• The average rent in Calgary decreased by 7.4% year-over-year to $1,897 for September 2025.
• October 18, 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 September 2025 was $567,900, and it decreased of 2.4% compared to a year ago.

CREB also reported a sales-to-new-listings ratio (SNLR) of 45%, indicating a Balanced in Calgary for September 2025.

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Rising Housing Supply in Calgary Leads to Softer Prices

The Calgary Real Estate Board (CREB) saw 1,720 sales in September, down 14% from last year, while new listings climbed to 3,782, up 3%. The gap between supply and demand continued to widen, pushing inventory to 6,916 units, 36% higher than last year and 17% above typical September levels. Row and apartment-style homes saw the sharpest increases in available supply.

Ann-Marie Lurie, CREB Chief Economist, noted, “Supply levels have been rising in the resale, new home and rental markets. The additional supply choice is coming at a time when demand is slowing, mostly due to slower population growth and persistent uncertainty. Ultimately, the additional supply choice is weighing on home prices.”

The sales-to-new-listings ratio fell to 45%, and months of supply increased to 4, levels not seen since early 2020. If sustained, this trend could tilt the currently balanced market toward buyers in the months ahead.

Detached Home Prices Down Slightly from Peak

Detached sales totalled 859 units, down 9% from last year. New listings rose to 1,905, causing the months of supply to increase to 3.7. The benchmark price for detached homes was $749,900 in September, down nearly 1% MoM and YoY. The steepest price adjustments occurred in the North East and East districts, both reporting declines exceeding 6%. Despite the recent softening, detached prices remain nearly 2% higher than a year ago on a year-to-date basis, with the City Centre district showing a 4% gain.

Semi-Detached Homes Maintain Price Stability

Semi-detached home sales fell 14% to 156 units as listings climbed 21% to 361. The sales-to-new-listings ratio (SNLR) dropped to 43%, and months of supply rose to nearly 4, compared with less than 3 a month earlier. Benchmark prices for this property type held relatively firm at $684,800, down only slightly from August, but still nearly 1% higher than last year. Year-to-date, prices for semi-detached homes have risen 3%, with the City Centre leading the way.

Row Homes Show Moderate Supply Increase

Row home activity eased as 304 sales met 592 new listings, resulting in a 51% sales-to-new-listings ratio (SNLR). Inventory levels increased to 1,099 units, marking the highest September total since 2018 and representing 30% more supply than the long-term average for the month. The benchmark price for row homes fell to $437,100, down 1% from August and nearly 5% lower than last year. Year-to-date, row/townhome prices are down about 1% overall.

Apartment Condominium Segment Feels the Most Pressure

Apartment-style properties experienced the most significant adjustments as rental vacancies rose and buyers gained more choice in other segments. September saw 401 sales and 924 new listings, pushing months of supply up to 5, the highest level since 2021. The benchmark condo price fell to $322,900, down more than 1% from August and over 6% below last year’s level. Prices in the condo segment have trended downward across all districts, with the steepest declines in the North East (over 10%) and the smallest in the City Centre (5%).

Calgary Regional Price Overview Across Districts

While overall citywide benchmark prices declined 4% YoY to $572,800, several districts still reported moderate YoY gains, particularly in Calgary’s western and northern regions.

• City Centre: $576,800, up 4.4% YoY
• North West: $633,200, up 2.3% YoY
• West: $707,300, up 6.5% YoY
• South: $569,100, up 3.2% YoY
• South East: $563,800, up 3.7% YoY
• North: $534,900, up 6.0% YoY
• North East: $485,000, up 7.9% YoY
• East: $409,000, up 3.7% YoY

Calgary Market Balance and Economic Outlook

Calgary’s inventory has more than doubled from pandemic-era lows, offering buyers more leverage than in previous years. However, many sellers remain well-positioned, as population growth and employment remain stronger than in most other provinces. Average days on market increased to 42 from 28 a year ago, reflecting reduced urgency among buyers.

The Bank of Canada’s recent rate cuts are bringing back buyers who were previously priced out as borrowing costs stabilize. If mortgage rates continue to trend lower through early 2026, the combination of higher inventory and improved affordability could renew momentum in Calgary’s housing market, stabilizing prices and sustaining moderate sales growth into next year.

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 under 40% suggests a buyer’s market in which buyers have the upper hand and more 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 $1,897 for the month of September 2025, which decreased by 7.4% on a year-over-year basis.

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

The average rent for a 1-bedroom apartment in Calgary was $1,675 for the month of September 2025, which decreased by 5.9% on a year-over-year basis.

The average rent for a 2-bedroom apartment in Calgary was $2,068 for the month of September 2025, which decreased by 7% on a year-over-year basis.

The average rent for a 3-bedroom apartment in Calgary was $1,675 for the month of September 2025, which decreased by 7% on a year-over-year basis.

How Does Renting Compare with Homeownership in Calgary?

Each $100,000 in mortgage balance costs an average of $520.07 per month on nesto’s lowest fixed 5-year rate at and $514.13 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 $13.51.

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 2.50%, and nesto’s prime rate is set to 4.70%.

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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At nesto, our commission-free mortgage experts, certified in multiple provinces, provide exceptional advice and service that exceeds industry standards. Our mortgage experts are non-commissioned, salaried employees who provide impartial guidance on mortgage options tailored to your needs and are evaluated based on client satisfaction and advice quality. nesto aims to transform the mortgage industry by providing honest advice and competitive rates using a 100% fully digital, transparent, seamless process.

nesto is on a mission to offer a positive, empowering and transparent property financing experience – simplified from start to finish.

Contact our licensed and knowledgeable mortgage experts to find your best mortgage rate in Canada.

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