Posts Tagged ‘Calgary Condo market Update’

Calgary Housing Market – July 2025

Wednesday, July 2nd, 2025

What is really happening in the Calgary Real Estate Market?

The following graph shows the months of inventory for each housing sector. Looking at a one-year trendline gives you an indication of where things are really heading.

Graph showing Months of Inventory for Calgary Real Estate Market

Graph showing Months of Inventory for Calgary Real Estate Market

 

 Gord’s commentary for the month (just my opinion).

July 1, 2025, Highlights

  • Months of Inventory continues to creep upwards
  • Prices in all sectors decreased slightly (Highest sector was detached homes at <$5100>
  • Apartment Condos almost hit Buyers Market territory

Calgary Listing Inventory

Our Inventory showed an increase of 201 listings or 2.98% which is a very small increase.

 Calgary Sales:   Sales in June were 10.98% lower than sales in May.  This is not typical as June typically records our highest sales.  This reinforces that the market continues to slow. The highest decrease is in the Attached Row sector at <24.02%) which is not surprising as this sector has been outperforming for the last year and a half.

 

Sales Compared to 2024: 

Compared to June of 2024 our sales were down 451 or 16.5%.  While this drop seems significant, the 2737 last year was when the market was booming.

 

  Dec Jan Feb March April May
2024 1362 1649 2132 2658 2876 2737
2025 1322 1451 1721 2159 2236 2286
Change 40 198 -411 -499 -640 -451
% Change -3.0% 12.1 -19.28 -18.88 -22.25% -16.50

 

Calgary Real Estate Benchmark Sales Prices:

The overall Benchmark price for June was $586,200 a slight decrease of $3,700 from the end of May.  All sectors saw marginal decreases.

Current Months of Inventory (Absorption Rate): 

As the listing Inventory increased and the number of sales decreased this put our months of inventory into an increasing position.  The good news is the overall months of inventory increased by .5 which is much higher than previous months.  Attached row homes saw the largest increase of .92 while Apartment condos saw the smallest increase of .33 Of note here is the Apartment condo sector hit 3.97 Months of inventory and 4 and above, I consider to be in a buyer’s market.

 

My Prediction for what is ahead: 

I believe that over the next 6 months you will see a continued slowing of the market – certainly not a market crash but the Market just trying to balance itself out and find the new norm.  Having said this, I also believe there are a ton of people sitting on the fence and if and when the Canadian economy shows positivity including making a deal with the US then our market will likely explode again.

 

*Below is a summary of numbers in chart form. All numbers are taken from the Calgary Real Estate Boards monthly Stats package.

*All numbers vary by community and price ranges, if you would like stats specifically for your neighbourhood, please contact us.

Calgary Real Estate Board Realtors Stats

Calgary Real Estate Board Realtors Stats

 

Calgary Real Estate Market as of Jan 1, 2025

Thursday, January 2nd, 2025

What is really happening in the Calgary Real Estate Market?

 Following is a graph that shows the months of inventory for each housing sector. Looking at a one-year trendline gives you an indication of where things are really heading.

Months of Inventory for Calgary Real Estate Market

Graph showing Months of Inventory for Calgary Real Estate Market

 

Gord’s commentary for the month (just my opinion).

December 2024 Highlights

  • In December we saw a substantial decrease in our Inventory (decrease of 31.32% )
  • In December we saw a substantial decrease in sales (down by 26.43%)
  • With the decrease in Inventory outpacing the decrease in Sales our total months of inventory dropped again leaving us starting the new year with a lack of Inventory.

 Calgary Listing Inventory

The Calgary listing Inventory decreased in December by 1363 listings or 31.32%. A decrease in inventory in December is normal but this decrease is larger than what I would call a seasonal trend.

Calgary Sales:

Sales across all sectors except decreased in December.  This is what I would call a seasonal drop as during the holidays a lot of people move their focus from Real Estate to family.

 Sales Compared to 2023: 

Sales in December compared to December 2024 were up down by only 3% which tells me that this is just a typical seasonal trend.

  Jan Feb Mar Apr May June
2023 1198 1738 2135 2686 3117 3140
2024 1650 2135 2664 2881 3092 2738
Change +452 +397 +529 +195 -25 -402
% Change 37.7% 22.8% 24.8% 7.3% – .8% -12.8%

 

  July Aug Sept Oct Nov Dec
2023 2644 2716 2430 2169 1783 1362
2024 2380 2186 2003 2174 1797 1322
Change -264 -530 -427 5 14 40
% Change <10% 19.6% 17.6% .2% .8% 3.0%

 

Calgary Real Estate Benchmark Sales Prices:

The overall Benchmark price in December declined by $4,600. Or .78% This decline was fairly even across all sectors except Semi-Detached homes which saw an increase of $2500.

 

Calgary Real Estate Benchmark Year to Date Sales Price:  See chart below.

For 2024 the entire market has increased by $13,200 or 2.32%.  The amount of increase varied depending what sector you look at:

Sector                  Jan 1, 2024         Jan 1, 2025           Increasee         % Increase

Detached 697,400 747,500 50,100 7.18%
Semi Detached 627,100 677,600 50,500 8.05%
Attached – Row 425,100 447,400 22,300 5.25%
Apartment 321,400 332,400 11,000 3.42%
Total City 570,100 583,300 13,200 2.32%

 

Current Months of Inventory (Absorption Rate):  With our Inventory decreasing by more than our sales decreased Our Months of Inventory stayed declined by .16  This puts all sectors in a Seller’s Market with the exception of Apartment Condos which currently sit in a balanced market position.

My Prediction for what is ahead: 

First, I will say that anything could happen with the change in the US government and how the Canadian government will react with new laws – today this is anyone’s guess.

Putting that aside here is what it looks like to me. We are already in a tight (Seller’s market) to start off the new year.  This combined with lower interest (more to come) which increases demand.  In my opinion this indicates that we should have another busy year in Real Estate unless the Trump factor kicks in then it’s anyone’s guess.  By the end of February we should have a lot more certainty in what’s going to happen in 2025.

*Below is a summary of numbers in chart form. All numbers are taken from the Calgary Real Estate Boards monthly Stats package.

*All numbers vary by community and price ranges, if you would like stats specifically for your neighbourhood, please contact us.