Calgary's Housing Market Sees Dynamic Shifts: What It Means for You
Calgary’s housing market continues its bustling pace, with prices generally on the rise and strong demand keeping activity high. Experts anticipate further moderate price increases through 2025, driven by robust population growth.
The market remains dynamic. On November 13th, 46 home sales closed, with 109 new listings hitting the market. The median price, which means half of homes sold for more and half for less, reached $595,000, while the average price, a total value divided by sales, soared to $681,181. This daily snapshot reflects a city in motion.
Looking at the first half of November, Calgary saw 636 sales and 1,096 listings, with the average price holding steady at $597,825. While slightly less frenzied than October, demand remains strong, particularly for more affordable properties. Year-to-date, Calgary boasts 20,750 sales for 2025, indicating a consistently healthy market. The yearly median price is stable at $577,500, with an average of $629,558, underscoring real estate's continued appeal.
For potential buyers, Calgary remains more affordable than other major Canadian cities, attracting significant interprovincial migration. Mortgage rates are stabilizing or even slightly declining, making 2025 a pivotal year. Get pre-approved for a mortgage to understand your budget, research neighbourhoods matching your lifestyle, and be ready to move quickly, especially for homes under $700,000. Don't forget to budget for closing costs like legal fees and inspections.
Sellers are in a favourable position thanks to low inventory and ongoing demand. To attract top offers, focus on curb appeal, declutter and depersonalize, use professional photos, and price competitively based on current market analysis. Being flexible with showing times also makes a big difference. Calgary’s sustained population growth means your home is likely to find a buyer, but presentation is key.
