Calgary Housing Market Outlook 2025
Table of contents
Calgary Market Report Summary
- The average selling price of a home in Calgary decreased by 2.3% year-over-year to $572,600 in August 2025.
- The average selling price of a single-family home in Calgary decreased by 0.3% year-over-year to $686,600 in August 2025.
- The average selling price of a townhouse/multiplex in Calgary decreased by 3.3% year-over-year to $452,500 in August 2025.
- The average selling price of a condo in Calgary decreased by 5.6% year-over-year to $332,600 in August 2025.
- The average rent in Calgary decreased by 7% year-over-year to $1,911 for August 2025.
- October 7, 2025: Today’s lowest mortgage rate in Calgary is
for a 5-year fixed.
Composite Home Prices
The average selling price of a home in Calgary was $572,600 for the month of August 2025, that’s decreased by 0.9% compared to the previous month. On a year-over-year basis, Calgary home prices have decreased 2.3% over the last 12 months.
Single-family Home Prices
The average selling price of a single-family home in Calgary was $686,600 for the month of August 2025, that’s decreased by 0.9% compared to the previous month. On a year-over-year basis, single-family home prices in Calgary have decreased by 0.3% over the last 12 months.
Townhouse and Multiplex Prices
The average selling price of a townhouse in Calgary was $452,500 for the month of August 2025, that’s decreased by 1.3% compared to the previous month. On a year-over-year basis, the price of a townhouse in Calgary has decreased by 3.3% over the last 12 months.
Condo Prices
The average selling price of a condo in Calgary was $332,600 for the month of August 2025, that’s decreased by 0.8% compared to the previous month. On a year-over-year basis, the price of a condo in Calgary has decreased 5.6% over the last 12 months.
We’re curious…
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 August 2025 was $572,600, and it decreased of 2.3% compared to a year ago.
CREB also reported a sales-to-new-listings ratio (SNLR) of 58%, indicating a Balanced in Calgary for August 2025.
Calgary Home Sales Up 8% As Prices Fall 4%
According to the Calgary Real Estate Board (CREB) for August 2025, home sales rose sharply for the second consecutive month, climbing 8% from July. Despite this momentum, year-to-date transactions remain slightly below 2024 levels, reflecting ongoing affordability pressures and rising supply.
The MLS Home Price Index benchmark for Calgary dropped to $533,100 in August, down 4.1% compared with a year earlier. Detached homes averaged $634,200, while apartments held at $309,400, with both categories posting annual declines. The increase in supply from a wave of new completions since early 2024 has kept values under pressure.
- August home sales: up 8% MoM
- Benchmark price: $533,100, down 4.1% annually
- Detached average: $634,200
- Apartment average: $309,400
- Active listings: 7,921, up 14% annually
- Months of supply: 4.6, up from 3.9 a year earlier
Buyers in Calgary Benefit From Rising Inventory
New listings continued to outpace sales, lifting Calgary’s active inventory to nearly 8,000 units, the highest since 2018. Months of supply rose to 4.6, edging the city into a balanced-to-buyer-leaning environment. Buyers now have more negotiating room, while sellers are adjusting expectations in response to longer selling times.
RBC Economics described Calgary as “at a turning point” where home sales are recovering but prices remain under pressure. With housing construction still at near-record highs, new supply continues to weigh on the market. RBC noted that renewed buyer confidence, combined with easing economic concerns, could stabilize prices in the months ahead.
Build Canada Homes Program To Influence Calgary Affordability Indirectly
Although Calgary is not one of the 6 initial cities targeted for Build Canada Homes projects, the $13-billion federal initiative to deliver 4,000 affordable units across Canada will impact national supply and affordability dynamics. By prioritizing modular and factory-built methods, the program is expected to help lower construction costs, indirectly shaping Calgary’s affordability over time.
Mortgage Impact for Buyers and Sellers in Calgary
- Buyers gain leverage as supply rises, with more options and less bidding pressure than in past years. The decline in prices may offer an entry point for first-time buyers.
- Sellers must adapt to longer listing periods and set competitive prices to attract offers in an increasingly balanced market.
- Homeowners could benefit from further easing of the Bank of Canada’s monetary policy, lowering borrowing costs for renewals and refinances. Relief is coming quicker for those holding variable mortgages and secured lines of credit.
Calgary’s housing market is showing signs of recovery in activity, but remains weighed down by abundant supply. This creates opportunities for buyers while adding pressure on sellers, setting the stage for a competitive fall market that may hinge on Bank of Canada rate decisions.
Month-over-Month Market Expectations for Calgary
Transactions – Number of Sales
The number of sales in Calgary was 2,023 during August 2025, that’s decreased by 3.6% compared to the previous month. On a year-over-year basis, sales in Calgary have decreased by 7.5% over the last 12 months.
New Listings
The number of new listings in Calgary was 3,514 during August 2025, that’s decreased by 10.2% compared to the previous month. On a year-over-year basis, new listings in Calgary have decreased by 0.7% over the last 12 months.
Real Estate Market
The sales to new listings ratio (SNLR) in Calgary was 58% during August 2025, indicating a Balanced. On a monthly basis, that’s increased by 7.4% compared to the previous month. Calgary’s yearly sales to new listings ratio has decreased by 6.9% over the last 12 months.
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
We’re curious…
Calgary Market Rents Summary
The average rent in Calgary was $1,911 for the month of August 2025, which decreased by 7% on a year-over-year basis.
The average rent for a bachelor apartment in Calgary was $0 for the month of August 2025, which 0 by 0% on a year-over-year basis.
The average rent for a 1-bedroom apartment in Calgary was $1,692 for the month of August 2025, which decreased by 6% on a year-over-year basis.
The average rent for a 2-bedroom apartment in Calgary was $2,081 for the month of August 2025, which decreased by 7% on a year-over-year basis.
The average rent for a 3-bedroom apartment in Calgary was $1,692 for the month of August 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 $520.08 per month on nesto’s lowest fixed 5-year rate at
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
We’re curious…
Frequently Asked Questions on Calgary Housing Market Outlook for 2025
Will Calgary home prices rise in 2025?
Calgary’s housing market is expected to see steady price increases in 2025 due to strong population growth and relatively affordable home prices.
Is Calgary a good place to buy in 2025?
Calgary remains a top option for buyers seeking affordable housing and substantial investment opportunities, especially for single-family homes.
Will mortgage rates improve affordability in Calgary?
Easing mortgage rates will enhance affordability, encouraging more buyers to act in 2025.
Is Calgary’s housing market stable?
Calgary’s market is stable, with increasing demand and steady price growth expected through 2025
How affordable are homes in Calgary compared to other cities?
Calgary remains significantly more affordable than cities like Toronto or Vancouver, making it attractive for buyers.
Why Choose nesto
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.
Ready to get started?
In just a few clicks, you can see our current rates. Then apply for your mortgage online in minutes!
