Calgary's Real Estate Market Sees Steady Growth As Listings Rise

Calgary's housing market is experiencing a notable shift, moving towards more balanced conditions after years of rapid growth. While some might interpret this as a slowdown, it signals a return to a strategic playing field for both buyers and sellers, reflecting Calgary's evolving economic landscape.

In September 2025, Calgary saw total property inventory hit 6,916 units, a significant 36.5% jump from last year, with monthly new listings increasing by 2.6% year-over-year to 3,782. This surge in available homes means buyers have more selection and time to make decisions, with properties sitting on the market for an average of 42 days in October 2025, up over 50% from the previous year.

For everyday Calgarians, this translates into increased negotiating power. The benchmark home price dipped 4% year-over-year in September to $572,800, with the average home price in October 2025 at $641,614. This softening follows earlier rapid gains. Affordability remains a key concern for many, especially as the City of Calgary plans a 5.4% residential property tax increase for 2026, adding pressure on homeowners and those aspiring to buy.

Calgary's population is projected to exceed 1.6 million by 2025, driven by strong migration flows, although this "red-hot" growth is expected to moderate. Despite this, robust economic diversification efforts in sectors like aviation and defence are reinforcing the city's resilience. While first-time buyers face hurdles like high interest rates and climbing youth unemployment, a more stable market provides a unique window for thoughtful decision-making.