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Calgary Market Report Summary

• The average selling price of a home in Calgary decreased by 1.5% year-over-year to $580,100 in June 2025.
• The average selling price of a single-family home in Calgary increased by 0.4% year-over-year to $694,000 in June 2025.
• The average selling price of a townhouse/multiplex in Calgary decreased by 1.8% year-over-year to $462,200 in June 2025.
• The average selling price of a condo in Calgary decreased by 2.5% year-over-year to $340,500 in June 2025.
• The average rent in Calgary decreased by 8% year-over-year to $1,927 for June 2025.
• August 2, 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 June 2025 was $580,100, and it decreased of 1.5% compared to a year ago.

CREB also reported a sales-to-new-listings ratio (SNLR) of 54%, indicating a Balanced in Calgary for June 2025.

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Calgary Resale Supply Growth Cools Home Prices

According to the Calgary Real Estate Board (CREB) for June 2025, inventory levels rose to 6,941 units, returning to levels last seen before the 2022 population surge. While home sales slowed compared to last year, a steady increase in new listings has shifted conditions toward a more balanced market, especially for attached and apartment-style homes.

• Benchmark price: $586,200 (down 3.6% year-over-year, down 0.6% from May)
• Home sales: 2,286 units (down 16.5% year-over-year)
• New listings: 4,223 properties (up 11.2% year-over-year)
• Months of supply: 3.04 (up from 1.38 in June 2024)
• Inventory: 6,941 units (up 83.2% year-over-year)

Home Price Trends

Home prices in Calgary softened in June, with the most significant declines seen in apartment and row-style homes. Both segments recorded year-over-year drops of more than 3%, especially in the North East. Detached homes held steady near last year’s price levels at $764,300, while semi-detached homes were still 1.5% higher than a year ago.

CREB Chief Economist Ann-Marie Lurie noted that rising supply, flat lending rates, and market uncertainty have caused many buyers to wait. That pause in demand is putting downward pressure on prices in the most inventory-heavy segments.

Market Demand and Inventory Levels

Sales-to-new-listing ratios (SNLR) declined across most segments, particularly for attached homes and apartments. These conditions favour buyers in several districts, particularly in North East Calgary, where price declines are the sharpest. Inventory rose across all property types in June:

• Detached homes: 3,107 active listings, up nearly 75% year-over-year
• Semi-detached homes: Balanced conditions with more than 2.6 months of supply
• Row homes: Inventory up 137%, months of supply now above 3.3
• Apartments: Nearly 4 months of supply, signalling oversupply in some districts

Detached Semi-Detached Post Lower Sales Compared to Last Year

Detached home sales reached 1,194 units in June, 6% lower than last year. Sales activity varied by region, with declines seen in the City Centre and North East, while the West and South East reported gains. Despite slower demand, stable inventory levels have kept home prices relatively flat in most areas, with the North East seeing a 4% year-over-year drop.

The semi-detached segment continues to shift toward balanced territory. Months of supply climbed to 2.62, and listings increased almost 20% year-over-year. Benchmark prices held at $696,400, slightly above June 2024 levels. Areas like the City Centre posted gains, while districts in the North and East saw slight declines.

Row and Apartment Housing Now Favouring Buyers

Row home inventory rose to 1,167 units, and with only 348 sales, months of supply reached 3.35. This easing price growth is pushing prices lower in some areas of the city. The citywide benchmark fell to $450,300, with North East Calgary experiencing the sharpest price drop, nearly 6% below last year. The City Centre remained more stable with only a 1% pullback.

Apartment-style properties are experiencing the most significant impact from the surge in supply. With 1,024 new listings but only 532 sales, the months of supply approach 4 months. The benchmark price dropped to $333,500, representing a decrease of more than 3% from the previous year. North, North East, and South East Calgary are seeing the most significant year-over-year price declines.

Calgary Mortgage Strategy Takeaways 

As more supply hits the Calgary market, it is easing price pressure but also signalling that many buyers are still hesitant. Even with more choices available, higher qualifying rates and lingering uncertainty are keeping demand in check.

For homebuyers, this could be an opportunity to negotiate better prices, especially in oversupplied segments like apartments and row homes. Mortgage renewers may face higher monthly payments if their term is up this year, with little immediate rate relief in sight. Refinancers should be cautious, as lower appraised values in specific segments may reduce the amount of equity they can access. If this cooling trend in the housing market continues, paired with falling inflation, the Bank of Canada may be prompted to consider a rate cut later this year, potentially leading to improved mortgage affordability.

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 $1,927 for the month of June 2025, which decreased by 8% on a year-over-year basis.

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

The average rent for a 1-bedroom apartment in Calgary was $1,696 for the month of June 2025, which decreased by 8% on a year-over-year basis.

The average rent for a 2-bedroom apartment in Calgary was $2,093 for the month of June 2025, which decreased by 9% on a year-over-year basis.

The average rent for a 3-bedroom apartment in Calgary was $1,696 for the month of June 2025, which decreased by 9% on a year-over-year basis.

How Does Renting Compare with Homeownership in Calgary?

Each $100,000 in mortgage balance costs an average of $522.77 per month on nesto’s lowest fixed 5-year rate at and $527.84 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 $13.71.

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 2.75%, and nesto’s prime rate is set to 4.95%.

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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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.

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