The Calgary real estate market is shifting in 2025. After years of tight supply and strong competition among buyers, inventory levels are climbing to multi-year highs. This means that buyers are starting to regain leverage, particularly in some housing segments like condos and specific suburban communities. If you’ve been waiting for the right time to enter the market, this could be it.
What Is a Buyer’s Market?
A buyer’s market happens when the number of homes available outpaces the number of buyers. This shift creates more options for buyers and reduces competition, giving them greater negotiating power.
By contrast, a seller’s market favours homeowners because limited supply drives multiple offers and rising prices.
If you’re still deciding whether buying makes sense for you, check out our post on Renting vs. Buying in Calgary: Which Makes Sense in Today’s Market? to weigh the pros and cons before making your move.
Why Calgary Is Moving Toward a Buyer’s Market in 2025
Several key factors are contributing to this shift:
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Rising inventory: More listings have come to market compared to previous years, giving buyers more choices.
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Cooling demand: Higher interest rates earlier in 2025 slowed buyer activity, leaving some homes sitting on the market longer.
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Balanced conditions: In some neighbourhoods, particularly condos and certain suburban areas, supply is beginning to outweigh demand.
Where Buyers Have the Advantage
While the shift isn’t uniform across Calgary, these segments stand out:
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Condos and townhomes: With plenty of options available, condo buyers often have room to negotiate price and terms.
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Outer suburban communities: Some newer developments are seeing higher inventory, creating opportunities for buyers seeking more space.
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Homes needing updates: Properties that aren’t move-in ready are staying on the market longer, opening the door to price reductions.
How Buyers Can Maximize Their Leverage
If you’re planning to buy in Calgary this year, here are strategies to take advantage of current conditions:
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Negotiate on price and terms: Sellers may be more flexible on asking prices, closing dates, or even including upgrades.
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Do your homework: Compare similar listings in the same community to strengthen your negotiation position.
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Get pre-approved: Having financing in place shows sellers you’re serious and ready to move quickly.
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Work with a local expert: A knowledgeable real estate agent can help identify communities where buyers have the strongest leverage.
Conclusion
After several years of a competitive market, 2025 is offering Calgary homebuyers a welcome shift. With more inventory and negotiating power, it’s a great time to explore opportunities in condos, suburban communities, or homes with room for improvement.
Thinking about buying in Calgary this year? With inventory levels rising, now could be the right time to find the perfect home. Contact Ray Yang to discuss your options and start your home search with expert guidance.