Calgary's Housing Market: A Hotbed of Activity
Calgary’s housing market is on the move, with median home prices recently hitting $605,000, reflecting a competitive landscape. While interest rates remain a key factor, a steady influx of new residents keeps demand robust.
The past week saw a rollercoaster in Calgary real estate. Daily sales ranged from 60 on October 23rd to 68 on October 29th, with brief pauses likely from data processing. New listings varied, from 132 on October 23rd to 79 on October 28th, ending the 29th at 106. Active listings held steady around 6,700 by month-end. Crucially for Calgarians, the median price — a better gauge of typical home costs — soared to $605,000 on October 28th. While the average currently sits around $643,370 as of today, October 31, 2025.
October’s total sales climbed from 1,384 to 1,740 by the 29th, with new listings increasing. Year-to-date, sales hit 19,973. Average prices are stable at $630,511, and median prices are inching up. This steady growth, fueled by strong inter-provincial migration, means sellers are seeing robust demand, though inventory has increased, giving some breathing room. Buyers, however, still face tighter budgets due to elevated interest rates, making careful financial planning and being pre-approved essential in this dynamic market.
