Calgary's red-hot housing market is beginning to show signs of balance—and that's big news whether you're buying, selling, or investing. After nearly two years of tight inventory and aggressive bidding, 2025 is ushering in a new chapter: more listings, more choices, and more time to think.
Calgary Market Report May 2025
Rising Inventory = A More Balanced Market
For the first time since 2022, Calgary's housing inventory is climbing. In May 2025, the months of supply reached 2.6—a major shift from the sub-1 levels we saw last year. This means:
- Buyers now have more time to make decisions.
- Sellers need to price and present their homes competitively.
- Investors may start seeing more negotiation opportunities.
Prices Holding Steady, But With Segment Variation
While prices overall remain strong, some home types are cooling:
- Detached Homes: Benchmark ~$769,000 | +5% YoY
- Semi-Detached: Benchmark ~$670,000 | +7% YoY
- Townhomes: Benchmark ~$453,000 | +3% YoY
- Condos: Benchmark ~$335,000 | +4% YoY
But the month-over-month (MoM) price growth has flattened in some segments—especially condos and townhomes—hinting that sellers can’t just rely on past momentum.
What's Driving the Change?
Several factors are creating this shift:
- More sellers entering the market, sensing prices have peaked.
- Buyers pulling back slightly, waiting for interest rate cuts.
- New construction catching up to demand.
What You Should Do Now
- Buyers: This is your moment to explore options, negotiate, and take your time.
- Sellers: Presentation, pricing, and marketing matter more than ever.
- Investors: Keep an eye on rising inventory—it may create opportunities for value buys.