Over the years, I’ve noticed that some Calgary communities seem to remain consistently desirable through changing market conditions while others experience sharper swings in pricing,,
Calgary Housing Market Update – August 2025 (CREB® Summary)
Dated: September 11 2025
Views: 819
Released September 2, 2025
📉 Overall Market Conditions
Benchmark Price: $577,200 (↓ from July, ↓ ~4% YoY).
Drivers: Declines led mainly by apartment condos and row homes. Detached and semi-detached seeing only modest pullbacks.
Sales: 1,989 in August (↓ 9% YoY), still above long-term trends but slower than the past 4 years.
Supply: Inventory at 6,661 units (highest August since 2019).
Months of Supply: 3.4 (balanced vs last year’s sellers’ market, but not a true buyers’ market).
🏡 Detached Homes
Sales: 995 units (↓ from July).
New Listings: 1,748; inventory at 3,051 (highest August since 2020).
Benchmark Price: $755,600 (↓ ~1% MoM & YoY).
Trends by District:
North East & East: Prices ↓ ~5% YoY (buyer market conditions).
City Centre: Prices ↑ ~2% YoY.
YTD: Prices still ~2% ↑ vs 2024.
🏘 Semi-Detached Homes
Sales: Up YoY in August; YTD still ↓ 8% vs 2024.
Inventory: More stable; months of supply < 3.
Benchmark Price: $687,200 (↓ MoM, ↑ ~1% YoY, ↑ ~4% YTD).
Trends by District:
City Centre: Strongest YoY gains.
North East, East, North: Largest declines.
🏢 Row Homes
Sales: Slowed; YTD ↓ ~16%.
Inventory: 1,103 units (2nd-highest August ever, near 2018 levels).
Benchmark Price: $439,600 (↓ for 4 months straight, ↓ ~5% YoY).
Trends by District:
Declines >5% in North East, North, South, East.
Pressure from both resale supply and competition from new builds.
🏙 Apartment Condos
Sales: 449 (↓ sharply; YTD ↓ ~30%).
New Listings: 877; inventory at 1,979 (highest August ever).
Months of Supply: ~4 (unchanged since June).
Benchmark Price: $326,500 (↓ for 5 months straight, ↓ ~6% YoY).
Trends by District:
City Centre: ↓ ~5% YoY.
West: ↓ ~3% YoY.
North East: Sharpest declines at ↓ ~11% YoY.
🔑 Key Takeaways
Shift to Balance: After years of tight supply, inventory growth is now tempering prices.
Density Under Pressure: Row and apartment units facing the steepest corrections due to excess supply.
Detached Stability: Still showing resilience overall, with only modest declines and some district-level gains.
Variation Matters: Market outcomes highly dependent on product type and district (e.g., City Centre stronger, NE/East weaker).
Byron Henry
I’m Byron Henry, a Calgary real estate agent with a background in software development, data analysis, and residential real estate investing. That combination shapes how I approach property deci....
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