Real Estate Report: Calgary Real Estate: Inventory Gains Continue as Variable Rates Trend Downward

THE DAILY PULSE

• Daily Sales (January 15): 45 units
• New Listings (January 15): 96 units
• Net Inventory Change (January 15): +51 units
• Daily Average Price (January 15): $627,192

Today's market saw 45 sales met with more than double the new listings, adding 51 units to Calgary's active inventory. The daily average price of $627,192 exceeded the month-to-date average of $617,335, indicating that properties transacting today leaned towards higher price points.
Implication for buyers: While overall inventory is increasing, today's specific transactions signal continued demand for premium properties. Buyers targeting the higher end of the market should be prepared for robust pricing and potential competition for well-appointed homes, even as broader selection grows.

MONTHLY TRENDS

• Month-to-Date Sales (as of January 15): 473 units
• Month-to-Date New Listings (as of January 15): 1,223 units
• Current Total Active Inventory (as of January 15): 4,145 units

For the month so far, new listings continue to significantly outpace sales, contributing to the current active inventory of 4,145 units. This dynamic reinforces a consistent trend of improving supply, moving towards a more balanced market.
Implication for sellers: With inventory consistently growing this month, sellers need to price competitively and ensure their properties are well-presented to attract attention. Overpricing will likely lead to longer days on market, as buyers now have more options and less pressure to act immediately due to increasing supply.

THE BIGGER PICTURE (YoY)

Contextualizing the current market, 2025 was characterized by the Calgary Real Estate Board (CREB) as a "year of transition," marked by a substantial 9.2% rise in new listings compared to 2024, significantly improving supply. This shift contributed to a reported 2.4% drop in Calgary's annual average benchmark price for 2025, settling at $577,492, which signals a moderation in previous price growth. Current inventory levels of 4,145 units are closer to historical norms compared to January 2025's 3,639 units. The Bank of Canada's policy interest rate cut in June 2024 to 4.75% initiated a period of easing, and variable mortgage rates are currently showing downward pressure, with some 5-year variable rates in Calgary dropping to 3.54% as of January 15th.
Implication for buyers: The confluence of increasing inventory, moderated benchmark pricing from 2025, and softening variable mortgage rates creates a strategic window for buyers. This environment offers more selection and potentially improved affordability, making it an opportune time for long-term investment or upgrading, especially if anticipated rate reductions materialize further.