Calgary Housing Market: Daily Surge, Monthly Flux, Annual Stability
Calgary’s housing market continues its dynamic dance, with median prices currently sitting at $533,000. Overall, average prices across the year have consistently hovered around $630,000, showcasing robust growth.
As of Wednesday, November 5, 2025, the market saw 55 homes change hands, continuing a recent uptick. Meanwhile, 96 new properties hit the market, offering fresh choices for eager buyers. Looking back, October wrapped up with 1,797 sales and 3,102 new listings, keeping the market buzzing. Year-to-date, a substantial 20,288 homes have been sold, reflecting Calgary's enduring appeal and strong economic fundamentals.
This resilience is fueled by ongoing population growth, with Calgary's population projected to grow by 3.5 percent in 2025, largely due to interprovincial migration seeking the city's relative affordability compared to Vancouver and Toronto. Adding to buyer confidence, the Bank of Canada has made interest rate cuts in 2024, with further reductions expected in 2025, potentially stabilizing 5-year fixed mortgage rates around 4.05% to 4.1%. This makes homeownership more accessible, especially for first-time buyers.
For potential buyers, while increased listings are offering more selection, especially in multi-family segments, strong demand means competitive conditions for affordable properties. Be prepared to act decisively and keep a close eye on interest rate movements. Sellers remain in a strong position, particularly for lower-priced homes. However, competitive, market-aligned pricing is crucial, as overpricing can lead to properties sitting longer despite overall high demand.
The market is trending towards more balanced conditions, with price growth moderating to an annual gain of about three percent.
