Calgary's Housing Market: A Closer Look at Recent Shifts

Calgary's housing market is making a significant pivot, shifting towards more favourable conditions for buyers. September 2025 data reveals a cooler pace, a welcome change for many Calgarians after years of intense competition.

Total home sales for September dropped to 1,720 units, a 14% decline year-over-year. Meanwhile, new listings surged to 3,782, pushing active inventory up a substantial 36% from last year, to 6,916 units. This influx of homes gives buyers more choice, time for evaluation, and potentially more negotiating power, a stark contrast to the rapid-fire market of recent memory.

The city's overall benchmark home price in September 2025 registered at $572,800, a 4.0% year-over-year decrease. While Calgary remains more affordable than its pricier counterparts like Vancouver or Toronto, the increased supply and moderated pricing are creating a more balanced market dynamic. This shift is particularly evident in higher-density housing and new communities, where inventory gains are most pronounced and prices are seeing steeper adjustments.

This moderation comes even as Calgary continues to lead Canadian municipalities in new home starts, a crucial effort to address ongoing housing affordability challenges amidst strong population growth. While year-to-date sales for 2025 hit 19,151 units, the rising inventory means locals might find the dream of homeownership a little more attainable now than just a few months ago.