As we close out 2025, I wanted to share a clear and honest look at Calgary’s real estate market, not just through headlines or averages, but through the data that reflects real buyer and seller behaviour.
This year marked an important shift.
After several years of rapid movement and tight conditions, 2025 marked a shift toward balance, where strategy and pricing accuracy mattered more than speed or emotion.
Market Health Scorecard: 2025 Year-End Snapshot
To understand what truly shaped Calgary’s real estate market in 2025, it helps to focus on three simple questions:
How much supply entered the market?
How much demand absorbed it?
And how did that shift the balance between buyers and sellers?
Here’s what the data shows.
- Properties Sold: 21,631
Sales activity moderated in 2025 as buyers adjusted to higher borrowing costs and a wider selection of homes and demand became more selective and price-sensitive.
- Inventory: 5,913
The most significant shift of 2025 was inventory growth. With more homes available for sale, competition increased and pricing became more sensitive, particularly in higher-density housing such as apartments, condominiums, and some townhome developments.
- Months of Supply: 3.01(up from 1.56 in 2024)
This move signals a transition from a tight seller’s market to balanced conditions. Homes are still selling, but buyers have more time and more options.
By year-end, Calgary’s market shifted from speed and scarcity to strategy and insight.
The key takeaway? Success in 2025 came from understanding the market, not chasing it.
December Market Check: Confirming the 2025 Shift
Looking beyond averages, I also reviewed live Pillar 9 data, which shows how buyers and sellers are actually behaving today.
What stood out most is that homes are still selling across all price ranges, but timing and pricing matter more than ever. Many successful sales in 2025 took 30–60 days, and properties priced even slightly outside market value took significantly longer.
Condos and other higher-density housing types continue to experience the greatest competition due to increased supply, while well-located detached and semi-detached homes have shown greater price stability and resilience.
Looking Ahead: The 2026 Outlook
Based on both macro trends and December data, here’s what I’m watching closely as we enter the new year:
- Balanced conditions are likely to continue
The market has found its footing. Extreme swings in either direction are unlikely without a major external shock.
- Condos remain the most price-sensitive
Until excess supply is absorbed, condos and some townhome segments will continue to experience downward pressure on pricing and longer exposure times.
- Detached homes remain the backbone
Well-located detached and semi-detached homes continue to show underlying demand, especially for families planning long-term ownership.
2026 will reward those who plan early, price accurately, and move with intention.
If you’d like to talk through what this means for your specific situation, whether buying, selling, or simply planning ahead, I’m always happy to help.
Wishing you and your family a very Happy New Year, filled with health, happiness, and exciting new beginnings.
Warm regards,
Ebru Tutkuner
|
|
Browse Active Listings
Stay ahead in your home search with access to the most up-to-date listings.
Filter by location, price, features, and more to find exactly what you're looking for.
|
