Calgary Market Enters 'Transitional Balance' Amidst Seasonal Slowdown and Elevated Inventory
Calgary's real estate market achieved a temporary daily balance but faces ongoing price moderation and elevated inventory, offering key opportunities for buyers in specific segments.
THE DAILY PULSE
Calgary's market experienced a 'Transitional Balance' on December 9th, with 52 new listings precisely matching 52 sales, temporarily stabilizing overall inventory at 5,362 active listings. The daily average price reached $595,505, notably below the monthly and year-to-date averages, signaling ongoing adjustments.
Implication: While daily activity shows equilibrium, the broader trend suggests moderation. Buyers should recognize temporary stability while sellers need keen pricing to move properties quickly.
MONTHLY TRENDS
December-to-date figures show 375 sales against 492 new listings, indicating a continued inventory build-up. The month's average price stands at $613,028, slightly lower than November's $615,986 average. The November 2025 CREB report also confirmed an overall unadjusted benchmark price nearly 5% lower than last year, driven by higher-density segments.
Implication: Sellers face increasing competition and continued price pressure, particularly in apartment and row home sectors. Realistic pricing is critical to attract buyers in a market with more choices.
YEAR-OVER-YEAR CONTEXT
Year-to-date, Calgary has recorded 22,041 sales at an average price of $629,212. However, current active listings of 5,362 are indicative of a larger trend; November's inventory was 28% higher year-over-year and 15% above typical levels. Canada's 5-year conventional mortgage rate holds steady at 6.09%, fostering a 'wait-and-see' sentiment. Despite this, Royal LePage forecasts modest aggregate price gains for Calgary in Q4 2026 due to migration and a robust economy.
Implication: Buyers, particularly in higher-density segments, have increased selection and negotiating power due to elevated inventory. While long-term forecasts are positive, current conditions offer opportune entry points for those ready to act before potential future competition or modest price gains.
