Calgary Real Estate Market Update – May 2025
Balanced Inventory, Steady Prices, and Strategic Opportunity for Both Buyers and Sellers

As we head into the summer months, Calgary’s real estate market continues to show signs of stabilization. According to the latest CREB® Market Report for May 2025, the city’s housing market is experiencing a return to more balanced conditions—welcoming news for both buyers and sellers navigating a shifting landscape.

Inventory on the Rise, But Below Long-Term Averages

May saw a 38% year-over-year increase in inventory levels, with 4,404 properties available across all sectors. While this marks a significant gain from last year’s ultra-tight conditions, supply still remains 29% below long-term May averages. Buyers now have more choice, but sellers continue to benefit from a competitive marketplace, especially in the lower to mid-price ranges.

Sales Slowing, But Still Above Normal

Sales activity cooled slightly compared to earlier in the year, with 3,092 homes sold in May. That’s down 5% from last month but still 34% higher than long-term trends for May. Detached homes remain the most active sector, accounting for nearly half of all transactions, particularly in the $600K–$700K price range.

Prices Hold Steady, Growth Slowing

Calgary’s benchmark residential price in May reached $595,800, up 0.6% from April and 8.3% from May 2024. While annual price growth is still positive, the pace has clearly moderated. Detached homes hit a benchmark of $746,300, up 10.6% year-over-year, while semi-detached and row properties posted moderate annual gains of 8.2% and 15.6% respectively.

The apartment sector saw the smallest annual price growth at 13.3%, suggesting this segment may be plateauing after months of rapid gains.

New Listings Trend Upward

With 4,333 new listings in May—an 18% increase from April—many homeowners appear to be timing the market to take advantage of still-strong prices. The sales-to-new-listings ratio sat at 71%, indicating solid demand but also slightly reduced urgency compared to earlier months.

Months of Supply Increasing, Signaling Balance

The months of supply edged up to 1.43, the highest level since 2023. While still a seller-favoured market by definition, this shift points to better conditions for buyers, especially those who have been waiting on the sidelines for more selection.

What This Means for You

• Sellers: Strategic pricing is more important than ever. With more inventory coming to market, buyers have options—making presentation, marketing, and negotiation critical to securing top dollar.

• Buyers: Increased supply means less pressure and more time to make informed decisions. However, desirable homes in prime neighbourhoods are still moving quickly—don’t wait too long.

• Investors: Rental demand remains high, particularly in the apartment and row home sectors. Slight cooling in price growth offers room for acquisition in emerging areas.

Final Thoughts

Calgary’s housing market in May 2025 reflects a transition—not a downturn. With a growing population, relatively low inventory, and steady demand, the fundamentals remain strong. Whether you’re planning to buy, sell, or invest, staying informed and working with a trusted professional can help you navigate these evolving market conditions confidently.

Want a detailed breakdown of how this affects your specific property or neighbourhood?
📩 Contact Me Today for a personalized market update.

Source CREB.com

Kristen Edmunds is a Calgary-area REALTOR® and Associate Broker with KIC Realty, specializing in acreages, luxury homes, and smart buy/sell strategies. With expertise in rural properties (water wells, septic, equestrian facilities) and a client-obsessed approach, Kristen helps buyers and sellers achieve their real estate goals with confidence and ease.

If you’ve listed your home in Calgary and it’s just sitting there, you’re not alone—and you’re not out of options.

The Calgary real estate market has been red-hot in recent years, but even in strong seller markets, some homes don’t sell right away. That can be frustrating, especially when you see “SOLD” signs going up all over your neighborhood.

Let’s break down the top reasons your home might not be selling and what you can do to fix it.

1. Your Pricing Strategy Is Off

In today’s fast-moving market, pricing your home just right is more important than ever. If your home is priced too high—even by $10,000—it can turn off serious buyers who are comparing multiple properties online.

💡 Pro Tip: Work with a local REALTOR® who knows the Calgary market inside and out. I regularly pull current comparables and market trends to help my clients price their homes to sell without leaving money on the table.

2. Your Listing Photos Aren’t Doing You Justice

Buyers shop with their eyes first. If your listing photos are dark, outdated, or just don’t showcase your home’s best features, you could be losing potential showings before they even step inside.

📸 What You Can Do: Invest in professional real estate photography. I offer this as part of every listing, along with staging tips to ensure your home looks its best online and in person.

3. You’re Not Getting the Right Exposure

In Calgary’s competitive real estate landscape, simply listing your home on the MLS® isn’t enough. You need a tailored marketing plan that targets the right buyers—especially if your property has unique features like an acreage, a triple garage, or a walkout basement.

📣 Solution: From social media ads to email marketing and targeted video walkthroughs, I craft custom strategies that attract qualified, motivated buyers.

Bonus Reason: Your Home Feels Like “Work”

Buyers want a home that feels move-in ready. If your home has visible repairs, outdated finishes, or cluttered spaces, it could feel like a project—and buyers will mentally deduct that from your asking price (or skip the showing entirely).

🛠️ My Approach: I help sellers make simple, strategic updates that increase appeal without overspending. Sometimes a fresh coat of paint, lighting tweaks, or minor landscaping changes are all it takes.

Final Thoughts: Don’t Panic—Just Pivot

Selling a home is both an emotional and strategic process. If your Calgary home isn’t selling, it doesn’t mean there’s something “wrong” with it. It means it’s time to re-evaluate, refresh, and relaunch—with the right support.

If you’re feeling stuck, I’d love to offer a complimentary home review and marketing audit. No pressure, just real insight.

✅ Let’s Connect

📩 Book a free consultation with me
📱 Follow me on Instagram and YouTube for real estate tips and local market updates
💬 DM me @kristenedmunds.realestate on Instagram if you have questions

Kristen Edmunds is a Calgary-area REALTOR® and Associate Broker with KIC Realty, specializing in acreages, luxury homes, and smart buy/sell strategies. With expertise in rural properties (water wells, septic, equestrian facilities) and a client-obsessed approach, Kristen helps buyers and sellers achieve their real estate goals with confidence and ease.

Is acreage living in Alberta your dream—or a reality check in disguise?

Thinking of leaving the city for space, serenity, and sunsets? You're not alone. More and more homebuyers are exploring the idea of living on an acreage near Calgary—and for good reason. The appeal of wide-open space, privacy, and a slower pace is real.

But before you pack up for the foothills or rural Alberta, it’s important to understand what acreage living really involves. As a Calgary-based REALTOR® with 15 years of experience—and a rural upbringing—I help buyers make this transition with confidence and clarity.

Let’s break down the real pros and cons of acreage life so you can decide if it’s truly the lifestyle for you.

✅ Why People Love Living on an Acreage Near Calgary

There’s a reason acreage living is on the rise, especially as remote work becomes more common and families seek more room to grow.

Here’s what makes it so attractive:

• Space to breathe: Say goodbye to shared fences and city noise. Enjoy larger lots and true privacy.

• Stunning natural views: From foothills to open skies, you’ll enjoy scenic backdrops year-round.

• Freedom to create: Outbuildings, gardens, horses, chickens, shops—you name it. With fewer restrictions, the land is yours to shape.

• Peace and quiet: No constant traffic or noise pollution. Just you, your space, and the great outdoors.

• Connection to nature: Daily walks, stargazing, and wildlife sightings become part of everyday life.

⚠️ What to Expect When Buying an Acreage in Alberta

Acreage living also comes with a learning curve and unique responsibilities that city dwellers don’t usually face. Here's what you need to know:

💧 Water & Septic Systems

Unlike city homes, acreages typically rely on private wells and septic systems. These require maintenance, occasional inspections, and a basic understanding of how they work. If something goes wrong—it’s your responsibility to fix it.

❄️ Snow Removal

That long gravel driveway may look charming in summer—but come winter, you become the snowplow. Expect to invest in equipment, hire a contractor, or plan time for clearing snow yourself.

🚗 Commuting & Services

Living outside Calgary means longer drives for groceries, school, and work. Emergency services, deliveries, and even garbage pickup may be delayed or handled differently. Make sure your daily routine is compatible with a more rural setup.

📶 Internet & Utilities

Some rural areas still experience slow or spotty internet and cell service. That said, satellite and rural broadband options are improving—just confirm serviceability before buying.

🧰 More Self-Reliance

There’s no condo board or landlord to handle things. From fixing fences to troubleshooting your well pump, acreage life rewards independence and a can-do attitude.

🧡 The Hidden Perk: A Stronger Sense of Community

Despite all the space, acreage communities often have a surprising upside: tight-knit, supportive neighbors. People wave. They help each other. It’s less anonymous than the city, and more personal.

🤔 Is Living on an Acreage Near Calgary Right for You?

If you’re dreaming of more freedom, more space, and a quieter way of life—acreage living in Alberta might be exactly what you need.

But it’s not for everyone. It takes planning, awareness, and the right support to make it work—especially if you're also selling a home in the city or managing a complex transition.

That’s where I come in.

As a local expert with deep rural knowledge and a track record of guiding clients through buy/sell transitions, I can help you make a confident move—without surprises.

📋 Free Download: Acreage Buyer Checklist

Ready to explore acreage properties near Calgary?
📩 Download my free Acreage Buyer Checklist for everything you need to know before you start shopping.

Whether you’re looking in Foothills County, Rocky View, Cochrane, Okotoks, or Chestermere, I’ll help you find a property that fits your lifestyle—without the guesswork.

👉 DM me “ACREAGE” on Instagram and I’ll send it your way!

🔍 Frequently Asked Questions

What are the downsides of living on an acreage near Calgary?

You’re responsible for your own water, septic systems, snow removal, and property maintenance. Commute times are longer, and internet may not be as reliable. It's a more independent lifestyle.

Is acreage living worth it in Alberta?

If you value privacy, outdoor space, and the freedom to create your own lifestyle, acreage living can be incredibly rewarding. Just be prepared for a different pace and more hands-on responsibility.

📞 Want to Talk About Acreage Life?

Let’s connect. I’d love to hear about your dream lifestyle and help you figure out if an acreage is truly the right move.
📲 Book a consultation, follow me on Instagram @KristenEdmunds.RealEstate, or shoot me a DM with “ACREAGE” to get started.

Kristen Edmunds is a Calgary-area REALTOR® and Associate Broker with KIC Realty, specializing in acreages, luxury homes, and smart buy/sell strategies. With expertise in rural properties (water wells, septic, equestrian facilities) and a client-obsessed approach, Kristen helps buyers and sellers achieve their real estate goals with confidence and ease.

After years of red-hot activity, Calgary's real estate market is finally catching its breath.

According to the Calgary Real Estate Board (CREB), April 2025 marked a noticeable shift. While sales slowed compared to last year’s frenzy, we’re seeing inventory levels more in line with long-term averages. What does this mean for you? More choice, fewer bidding wars, and a market that's beginning to favour balance over chaos.

Here’s what stood out:

🏘️ Inventory Has Doubled—But That’s Not a Bad Thing

April inventory rose to 5,867 units—more than double last year's ultra-low levels. But don’t let that number fool you. Supply in April 2024 was historically low. Today’s inventory is actually typical for this time of year, helping restore balance.

📉 Sales Are Down—But Still Strong Historically

Sales came in at 2,236 units, down 22% year-over-year. While that sounds like a big drop, it’s important to note: these numbers still sit comfortably above pre-pandemic norms. Buyers have pulled back slightly due to economic uncertainty and higher interest rates, but they haven’t disappeared.

🧭 We’re Entering Balanced Market Territory

With nearly 3 months of supply now available (up from less than 1 month last year), Calgary is shifting out of seller's market territory. The pace of price growth is slowing, and negotiations are back on the table.

💰 What’s Happening with Prices?

• Overall benchmark price: $591,100 (down slightly from March, but up 0.6% year-to-date)

• Detached homes: $769,300 (up 2.4% YOY)

• Semi-detached: $691,700 (up 3.6% YOY)

• Row homes: $457,400 (virtually flat YOY)

• Apartments: $336,000 (up just 0.15% YOY)

Prices have mostly held steady compared to last month, showing resilience even as market activity softens.

📊 What This Means for You

• Sellers: If your home is priced correctly, buyers are still out there—but gone are the days of “list high and let the market catch up.” Strategy matters more than ever.

• Buyers: You’ve got more breathing room and better selection than we’ve seen in over a year. While rates remain a hurdle, stable prices and growing inventory may work in your favour.

If you're considering buying or selling, now is a great time to reassess your strategy. Let’s chat about how to take advantage of today’s shifting market conditions.

Source CREB.com

Kristen Edmunds is a Calgary-area REALTOR® and Associate Broker with KIC Realty, specializing in acreages, luxury homes, and smart buy/sell strategies. With expertise in rural properties (water wells, septic, equestrian facilities) and a client-obsessed approach, Kristen helps buyers and sellers achieve their real estate goals with confidence and ease.

As we wrapped up the first quarter of 2025, Calgary’s housing market continued to show signs of shifting toward more balanced conditions. March brought a mix of increased inventory, stable pricing, and softer sales activity, giving both buyers and sellers more to consider as the spring market unfolds.

Calgary: More Options for Buyers as Market Cools

In March, Calgary recorded 2,159 residential sales, a 19% year-over-year decline. Higher-density housing types like apartment condos were the most affected, but the decrease was felt across all categories.

Despite this, new listings surged by 27%, reaching 4,019. This brought inventory up to 5,154 units—more than double what was available last year at this time. The sales-to-new-listings ratio dropped to 54%, and months of supply rose to 2.4. These shifts point to a transition from the tight seller's market we’ve seen over the past four years into a more balanced one.

Prices, however, remained resilient.

• The benchmark price for all residential types: $592,500 (unchanged from February, up 9% YoY)

• Detached homes: $727,700

• Semi-detached: modest month-over-month growth

• Row homes and apartments: stable year-over-year, slight dip from February

Surrounding Areas: Inventory Gains Vary, Prices Holding

While Calgary itself is shifting toward balance, surrounding communities show a mixed picture. Here's a snapshot of how key regional markets performed:

Airdrie

• 160 sales in March

• Q1 total: 395 sales (down 11% YoY)

• New listings up, inventory at 398 units

• Sales-to-new-listings ratio: 57%

• Detached benchmark price: $651,300 (up over 2% YoY)

Cochrane

• 95 sales in March

• Sales slightly ahead of Q1 2024

• Inventory up, months of supply: 2.6

• Detached benchmark price: $686,800 (record high, 5% YoY increase)

Okotoks

• 53 sales in March

• Q1 total: 129 (down from 155 last year)

• Inventory remains low, despite more listings

• Detached benchmark price: $715,500 (new record, 5% YoY increase)

Chestermere

• March sales improved, but Q1 down 28% YoY

• Inventory up, months of supply: 5.4

• Detached benchmark price: $748,400 (up 3% YoY)

What This Means for You

The Calgary region is showing signs of rebalancing after years of tight conditions. If you're a buyer, this spring may offer more breathing room, especially in Calgary and Chestermere. If you're a seller, proper pricing and strong marketing will be key, as buyers have more choice and negotiating power.

That said, some smaller markets like Okotoks and Cochrane remain highly competitive—especially for well-priced detached homes under $700,000.

Whether you're buying, selling, or just keeping an eye on the market, the landscape is evolving. Curious how your community is performing? Reach out any time—I'm happy to help you make sense of it all.

Source CREB.com

Kristen Edmunds is a Calgary-area REALTOR® and Associate Broker with KIC Realty, specializing in acreages, luxury homes, and smart buy/sell strategies. With expertise in rural properties (water wells, septic, equestrian facilities) and a client-obsessed approach, Kristen helps buyers and sellers achieve their real estate goals with confidence and ease.

In February 2025, Calgary's housing market experienced notable shifts, reflecting a transition toward more balanced conditions. While sales activity remained above historical averages, there was a discernible decline compared to the previous year, accompanied by significant growth in inventory levels.

Sales and Inventory

The city recorded 1,721 sales in February, marking a 19 per cent decrease from the same month last year. Despite this decline, sales figures remained higher than long-term trends for February. New listings increased by approximately six per cent year-over-year, reaching 2,830 units. This influx contributed to a substantial 76 per cent rise in inventory levels, totaling 4,145 units. Consequently, the months of supply—a measure of market balance—stood at 2.4 months, more than double the figure from February 2024. 

Alan Tennant, President and CEO of the Calgary Real Estate Board (CREB®), commented on these developments: "Even though more people listed their homes for sale, there were actually fewer sales than in February 2024. So, we’re seeing the seller’s market of the past two or three years ease off."

Benchmark Prices

The unadjusted benchmark price for total residential properties in Calgary was $587,600 in February, reflecting a modest one per cent increase from the previous year. Price trends varied across different property types:

• Detached Homes: The benchmark price rose to $760,500, a five per cent year-over-year increase. Notably, the City Centre district experienced the most significant growth, with prices climbing nearly eight per cent. 

• Semi-Detached Homes: Prices reached $683,500, up nearly seven per cent from February 2024. The City Centre and South districts led this growth, each recording approximately eight per cent increases. 

• Row/Townhouses: The benchmark price stood at $446,800, marking a three per cent rise year-over-year. The East district experienced a notable 12 per cent increase compared to 2024. 

• Apartment Condominiums: Prices averaged $334,200, reflecting a four per cent increase from the previous year. The West district saw the largest price growth in this segment, exceeding eight per cent.

Market Dynamics by Property Type

• Detached Homes: Sales decreased by 20 per cent year-over-year to 765 units. New listings grew by six per cent, resulting in a 61 per cent increase in inventory levels to 1,698 units. Months of supply improved across all districts, with the City Centre and North East trending toward balanced conditions, while the South and North West remained supply-constrained at approximately 1.6 months.

• Semi-Detached Homes: Sales declined by nearly 14 per cent to 165 units, while new listings rose by seven per cent to 240 units. This disparity led to a 46 per cent increase in inventory. Months of supply varied significantly across the city, from one month in the North West to eight months in the East district. 

• Row/Townhouses: Despite a nine per cent drop in sales to 318 units, new listings increased by almost four per cent. Inventory levels more than doubled to 655 units, though they remained below historical averages for February. The South and East districts had the tightest conditions, with under 1.5 months of supply, while the North East had nearly three months. 

• Apartment Condominiums: Sales fell by 26 per cent to 473 units but remained above long-term averages for February. New listings were relatively stable year-over-year at 852 units, the highest on record for the month. This led to a 90 per cent increase in inventory, pushing months of supply to 3.1 months—still below record levels observed between the 2014 oil crash and the pandemic. 

Regional Market Highlights

• Airdrie: Sales declined by nearly nine per cent to 123 units. New listings increased by nearly 23 per cent to 225 units, doubling inventory levels to 345 homes. The benchmark price was $537,600, 1.6 per cent higher than in February 2024.

• Cochrane: Sales reached 75 units, with new listings at 126 units, both above long-term averages. Inventory rose by over 48 per cent year-over-year to 196 units. The benchmark price increased by over five per cent to $577,100. 

• Okotoks: Sales saw a four per cent year-over-year decline to 45 units. New listings increased by seven per cent compared to 2024, totaling 60 units. Inventory recovered to 69 units, 19 per cent above 2024. The benchmark price was relatively flat compared to January and under one per cent higher than in 2024. 

Final Thoughts: A Market in Transition

February 2025 marked a noticeable shift in Calgary’s housing market dynamics. While sales remained above long-term trends, the increase in inventory and moderation in price growth indicate a cooling from the intense seller’s market of previous years. Detached and semi-detached homes continue to see price appreciation, while row and apartment-style properties are experiencing a more gradual upward trend.

For buyers, the growing inventory and easing market conditions may present opportunities, especially in segments where months of supply are increasing. For sellers, strategic pricing and well-prepared listings will be key to standing out in a more balanced environment.

As Calgary’s real estate landscape continues to evolve, staying informed is crucial for making well-timed decisions. Whether you're buying, selling, or simply watching the market, working with an experienced real estate professional ensures you navigate these changes with confidence.

Source CREB.com

Kristen Edmunds is a Calgary-area REALTOR® and Associate Broker with KIC Realty, specializing in acreages, luxury homes, and smart buy/sell strategies. With expertise in rural properties (water wells, septic, equestrian facilities) and a client-obsessed approach, Kristen helps buyers and sellers achieve their real estate goals with confidence and ease.

In January 2025, Calgary's housing market experienced notable shifts, with increased inventory levels and a slight moderation in sales activity. According to the Calgary Real Estate Board (CREB), inventory levels rose to 3,639 units, marking a 70% year-over-year increase. Despite this significant gain, inventories remain below the typical January levels of over 4,000 units. The rise in supply was primarily driven by a boost in new listings, which reached 2,896 units in January compared to 1,451 sales. This influx of new listings contributed to a months of supply figure of 2.5 months, an improvement from the one month reported last year, yet still considered low for a winter month.

Sales activity in January saw a 12% decline compared to the same month last year, totaling 1,451 transactions. However, it's important to note that despite this decrease, sales levels remained nearly 30% higher than the typical figures recorded in January. The total residential benchmark price was reported at $583,000, which is relatively stable compared to the end of last year and nearly 3% higher than January 2024. Price growth varied across different districts and property types within the city.

Detached Homes

New listings for detached homes increased by 29% year-over-year, reaching 1,228 units in January. Sales activity in this segment slowed to 674 units, aligning with long-term trends. The improvement in new listings relative to sales supported inventory gains; however, the 1,448 units in inventory are still nearly 27% lower than typical January levels. The months of supply remained relatively low at just over two months. The unadjusted benchmark price for detached homes was $750,800, slightly higher than the previous month and 7% higher than January 2024.

Semi-Detached Homes

The semi-detached sector experienced gains in new listings relative to sales, leading to some increases in inventory levels. Sales in January improved over last year, keeping the months of supply just below two months. Notably, the City Centre, North East, and West districts reported near or above three months of supply, while other districts maintained less than two months. The unadjusted benchmark price was $673,600, slightly lower than the previous month but over 8% higher than January 2024. Districts with higher months of supply saw modest monthly price declines, while others experienced stable to modest gains.

Row Homes

In 2024, row home sales reached 4,647 units, a gain of over 2% compared to the previous year and the second-highest total on record. The growth in sales was facilitated by an 18% increase in new listings, particularly for homes priced above $400,000. This rise in new listings relative to sales supported inventory growth throughout 2024. By year-end, the improved supply helped alleviate some pressure on home prices. However, the annual benchmark price still rose by 14% as conditions favored sellers throughout the year. Price increases were observed across all city districts, ranging from 12% in the City Centre to over 20% in the North East and East districts.

Apartment Condominiums

January reported a boost in new listings compared to sales activity in the apartment condominium segment, causing inventory levels to rise to 589 units—more than double the near-record low levels reported last January. This increase brought inventories more in line with long-term trends. The months of supply also improved, pushing above two months, a trend that began in the second half of last year. While improving supply relative to sales has taken some pressure off home prices, this effect has not been consistent across the city. Citywide, the unadjusted benchmark price was $444,900, slightly lower than the previous month but nearly 5% higher than last year. The largest monthly adjustment occurred in the North East district.

Regional Markets

• Airdrie: Sales in January remained consistent with levels reported in the previous month and last year, both well above long-term trends. A boost in new listings led to improved inventory levels, with the months of supply remaining above two months for the fifth consecutive month. The unadjusted benchmark price was $537,300, down from the previous month but nearly 4% higher than last year.

  
  

• Cochrane: Improved levels of new listings and inventories were observed, with 104 new listings in January compared to 71 sales, pushing inventories up to 156 units. While inventory levels are better than the past three years, they still fall short of long-term trends for January. The unadjusted benchmark price was $565,900, down from the previous month but nearly 5% higher than last January.

  
  

• Okotoks: New listings remained relatively low compared to last year. While a pullback in sales supported some improvements in inventory levels, the 68 units available in January are still half the levels available in January prior to the pandemic. Limited supply has driven much of the price gains in this market since 2021.

Overall, Calgary's housing market in January 2025 is showing signs of moving toward more balanced conditions, with increased inventory levels and moderated sales activity. While prices have remained relatively stable, variations exist across different property types and districts within the city.

Source creb.com

Kristen Edmunds is a Calgary-area REALTOR® and Associate Broker with KIC Realty, specializing in acreages, luxury homes, and smart buy/sell strategies. With expertise in rural properties (water wells, septic, equestrian facilities) and a client-obsessed approach, Kristen helps buyers and sellers achieve their real estate goals with confidence and ease.

A Shift Toward Balance in the Market?

As we step into 2025, Calgary’s real estate market continues to evolve, showing signs of increased inventory and a more balanced environment compared to last year. While the market remains active, rising inventory levels and a slight cooling in demand suggest a shift from the ultra-competitive conditions seen in previous months.

January 2025 kicked off with a notable increase in new listings, giving buyers more options across different property types. However, prices have held steady, reflecting the continued demand for housing in Calgary and surrounding areas. Despite this, affordability concerns, economic factors, and interest rate movements continue to play a role in shaping buyer and seller behavior.

In this market update, we’ll break down key statistics, trends across property types, and regional highlights to help you stay informed on Calgary’s real estate landscape. Whether you’re a homebuyer, seller, or investor, understanding these trends will help you make smart decisions in the months ahead.

Market Overview: Inventory on the Rise

January saw 1,451 sales across the Calgary region, a 12% decline year-over-year, but still above long-term January trends. The most significant shift came in new listings, which surged to 2,896 units, creating a sales-to-new-listings ratio of 50%. This influx brought inventory levels to 3,639 units, improving buyer choice but keeping the market competitive.

Sales & Inventory Trends Over the Past 12 Months

 Sales, new listings, and inventory changes over the past year:

Benchmark Prices: Holding Strong Amid More Listings

Despite more inventory, Calgary’s total residential benchmark price increased to $583,000, reflecting a stable market with slight appreciation (+3% YoY). Detached homes saw the strongest growth, while apartment condos also continued their steady rise.

Benchmark Price Comparisons Across the Calgary Region

 A look at benchmark prices in different areas as of January 2025:

Property Type Performance: What’s Selling?

The Calgary market remains dominated by detached homes, which accounted for 47% of total sales in January. Apartments followed closely, making up 33% of sales, while row homes and semi-detached properties held smaller shares.

Sales Breakdown by Property Type

 Which property types saw the most activity in January?

Property Type Highlights

• Detached Homes: Benchmark price $750,800 (+7.0% YoY), 674 sales.

• Semi-Detached Homes: Benchmark price $673,600 (+8.3% YoY), 112 sales.

• Row Homes: Benchmark price $400,500 (+6.5% YoY), 186 sales.

• Apartments: Benchmark price $444,900 (+4.8% YoY), 479 sales.

Who’s Buying? Sales by Price Range

The majority of January’s transactions occurred between $400K-$600K, reflecting strong demand for mid-range properties. Higher-priced homes above $1M had the fewest sales, while entry-level homes below $250K also saw limited activity due to affordability challenges.

Residential Sales by Price Range

 Which price ranges were most popular?

Regional Market Highlights

Beyond Calgary, the surrounding regions also experienced strong sales activity, particularly in Airdrie, Cochrane, and Chestermere. Here’s a breakdown of the key stats:

Airdrie

• Sales: 112

• Benchmark Price: $537,300 (+3.6% YoY)

• Months of Supply: 2.63
   Airdrie continues to see steady demand, with improving inventory giving buyers more choice.

Cochrane

• Sales: 71

• Benchmark Price: $565,900 (+4.3% YoY)

• Months of Supply: 2.20
   Cochrane’s prices continue to climb, with sales remaining strong despite higher inventory levels.

Chestermere

• Sales: 56

• Benchmark Price: $694,300 (+5.0% YoY)

• Months of Supply: 2.77
   New listings are increasing in Chestermere, but prices remain on an upward trend.

Okotoks

• Sales: 48

• Benchmark Price: $692,500 (+5.8% YoY)

• Months of Supply: 2.06
   Low inventory continues to drive price appreciation in Okotoks.

Canmore

• Sales: 18

• Benchmark Price: $1,606,700 (+6.0% YoY)

• Months of Supply: 5.06
   The luxury market in Canmore remains competitive, with high demand from affluent buyers.

High River

• Sales: 26

• Benchmark Price: $555,900 (+5.4% YoY)

• Months of Supply: 2.35
   High River’s housing market is balanced, with steady growth in home values.

Strathmore

• Sales: 28

• Benchmark Price: $538,400 (+5.3% YoY)

• Months of Supply: 2.68
   Strathmore’s market remains stable, with moderate price increases.

Final Thoughts: What’s Next for Calgary’s Real Estate Market?

The January 2025 market update reveals growing inventory levels while prices remain stable or rising across most property types. Buyers now have more options, but demand remains strong enough to keep home values appreciating at a healthy pace.

If you’re a buyer, this might be the right time to explore options before demand picks up again in the spring.
If you’re a seller, positioning your home competitively and leveraging a strong marketing strategy will be key in this evolving market.

Need expert advice on buying or selling in this shifting market? Get in touch with me today!

Source CREB.com

Kristen Edmunds is a Calgary-area REALTOR® and Associate Broker with KIC Realty, specializing in acreages, luxury homes, and smart buy/sell strategies. With expertise in rural properties (water wells, septic, equestrian facilities) and a client-obsessed approach, Kristen helps buyers and sellers achieve their real estate goals with confidence and ease.

Figuring out how much house you can afford can be challenging, but it is one of the most important steps when planning to buy a home. Understanding your budget ensures you do not become "house poor"—a term used for individuals who buy a home beyond their financial reach and struggle to cover other living expenses. This guide will help you make informed decisions and balance buying a home with maintaining a healthy budget.

Understand Your Financial Picture

Before you start browsing listings, getting clear on your financial situation is crucial. Here’s how you can begin:

1. Calculate Your Income
   Add up all sources of income, including salary, bonuses, rental income, and any other earnings. This gives you an idea of what you have to work with every month.

2. Review Your Expenses
   Look at all your regular expenses, such as groceries, transportation, entertainment, and savings contributions. Understanding these will help you identify how much you can spare for a mortgage payment.

3. Check Your Credit Score
   Your credit score impacts the mortgage rate you can secure. A higher score can lead to a lower interest rate, saving you thousands over the loan's life.

The Importance of the Down Payment

A down payment is the lump sum you pay upfront when buying a home. It affects your loan amount and whether you'll need mortgage insurance. Here's what to know:

• Homes Up to $500,000:
  A 5% down payment is required. This means saving $25,000 for a $500,000 home.

• Homes $500,000 to $999,999:
  You need 5% of the first $500,000 and 10% of any amount over that. For instance, a $750,000 home requires $25,000 on the first $500,000 and $25,000 on the remaining $250,000, totaling a $50,000 down payment.

• Homes $1 Million or More:
  A 20% down payment is standard. This equals $200,000 for a $1,000,000 home.

First-time buyers might not have a large down payment. However, they should remember that putting down less than 20% requires mortgage loan insurance.

Budgeting Beyond the Purchase Price

Buying a home involves more than just paying the sale price. Budget for extra costs:

1. Closing Costs:
   These include lawyer fees, land transfer taxes, and other administrative charges, typically ranging from 1.5% to 4% of the purchase price.

2. Moving and Setup Expenses:
   Consider costs like hiring movers, utility setup fees, and initial purchases such as furniture or appliances.

3. Emergency Fund:
   Set aside funds for unexpected repairs or costs that may arise after moving in.

Choose the Right Mortgage

Securing the best possible mortgage is vital. Here's how:

1. Shop Around:
   Compare rates from different lenders to find the best deal. Even a small difference in interest rates can greatly affect the total amount you pay over time.

2. Consider Different Types:
   Look into fixed-rate and variable-rate options. Understand how each works and their pros and cons based on your financial outlook.

3. Get Pre-Approved:
   A pre-approval gives you a better idea of what a lender might offer and shows sellers you're serious, making your bid more attractive.

Assess What You Can Comfortably Afford

When deciding what you can afford, think about your daily life, not just the mortgage payment.

1. Use the 28/36 Rule:
   Experts suggest that your housing costs should not exceed 28% of your gross monthly income. Additionally, your total debt payments should not surpass 36% of your income.

2. Prioritize Needs Over Wants:
   Understand the difference between essential features (like number of bedrooms) and nice-to-haves (like a pool). Focus on what adds real value to your family life.

Location Matters

Knowing where you want to buy is as important as what you want to buy.

1. Neighbourhood Insights:
   Research the best neighbourhoods for safety, schools, and convenience. Location can impact property value and growth potential.

2. Property Types:
   Decide what suits you best—a single-family home, condo, or townhouse. Each has unique costs tied to its property type, like HOA fees for condos.

Utilize Professional Guidance

Working with a real estate expert can significantly ease the home-buying process. Here’s what they offer:

1. Buyers Agent Expertise:
   They provide access to listings, honest advice, and negotiation experience ensuring stress-free transactions.

2. Financing Connections:
   Agents often know mortgage brokers who can offer guidance suited to your needs.

3. Market Knowledge:
   Agents familiar with your area can offer insights that save you money and help you find a home that fits well with your life goals.

Take Advantage of First-Time Buyer Programs

For starters, there are government programs that aim to make this journey easier.

1. First Home Savings Account (FHSA):
   This account lets you save specifically for a down payment, with some tax advantages that can make it faster to reach your goal.

2. Tax Rebates:
   Look into available tax rebates for first-time buyers that can add extra savings when buying your home.

Knowing how much home you can afford involves thoughtful planning and budgeting. By following these steps, you can find a home that meets your needs and remains within your financial reach. With the right information and support, the path to homeownership can be a rewarding journey. Always remember, being prepared and informed is the best way to enjoy your new home with peace of mind.

Kristen Edmunds is a Calgary-area REALTOR® and Associate Broker with KIC Realty, specializing in acreages, luxury homes, and smart buy/sell strategies. With expertise in rural properties (water wells, septic, equestrian facilities) and a client-obsessed approach, Kristen helps buyers and sellers achieve their real estate goals with confidence and ease.