Calgary Market Update: August 2025
There is a notable shift in market dynamics of the Calgary real estate market as supply continues to build, particularly in the condo and townhouse segments. Here’s what you need to know as an investor:
Overview
Overall Prices Down: The citywide benchmark price fell to $577,200, nearly 4% lower year-over-year.
High-Density Hit Hardest: Row homes and condos are seeing the largest price adjustments, due to growing supply.
Detached & Semi-Detached Hold Stronger: Detached homes dipped ~1% YoY, while semi-detached prices remain slightly higher than last year.
Inventory Rising: Calgary now has 6,661 units on the market, the highest August supply since 2019 (and the highest supply of condos ever).
Market More Balanced: Months of supply rose to 3.4 months, moving away from a hot seller’s market, but still not a full buyer’s market.
Takeaways for Investors
Sell Now or Plan to Hold 12-18 months: Inventory is continuing to build and will get worse through the winter because buyers are scared and aren’t going to suddenly come back to the market. More supply means more competition which means lower prices - I don’t expected a crash but I expect prices to be slightly lower 6 months from now and it will take a while after that for the market to absorb all of the remaining inventory.
GTA & Vancouver Market Carnage is Spilling Over: Systemic challenges in the GTA and Vancouver markets are affecting the Calgary market as investors are pulling back and many are liquidating their positions to raise capital to close on other projects or avoid defaulting which is negatively affecting pricing.
Future New Supply Limited: The majority of the new supply from pre-construction projects will be completed by mid-2026 and nearly everything by the end of 2027. No new projects have launched in the last 18 months which will limit future supply.
Cash Flow Will Continue to Improve: Interest rates were cut 0.25% on Sept 17 by the BoC and are expected to be cut another 0.25% this year. Each rate cut for variable mortgages improves your cash flow and investment return as less money is being paid towards covering interesting rate expenses, making carrying the property easier.
Opportunities Emerging in Condos & Rows: With inventory climbing and prices softening, these segments is offering great entry points for cash-flow-focused investors. There are some incredible deals out there if you know where to look.
More Balance = More Choice: After years of a tight seller’s market, investors now have better selection and negotiating power for existing properties and even pre-construction.
Bottom Line
The Calgary market is cooling but remains fundamentally healthy. Inventory is providing breathing room for buyers, and while condos and towns face the biggest price declines, detached and semi-detached homes remain relatively stable.
For investors, this is a market to watch closely for deals, particularly in condos and row homes, while keeping an eye on neighborhoods showing resilience in pricing.
Considering An Investment?
Investing in Calgary right now is about finding the value deals - developers are offering incredible sales on many of their projects—unheard of a year ago.
With cash flow positive properties, deposits as low as 5%, and closings as late as 2028, it’s definitely worth considering.
DETAIL BY PROPERTY TYPE
(Statistics from the Calgary Real Estate Board)
Condos
Highest August condo inventory ever with condos in NE Calgary seeing the steepest declines at -11% YoY.
Total Sales: 449 condos sold (down 8.8% from August 2024)
New Listings: 877 condos (down 1.7%)
Inventory: 1,979 condos for sale (up 48.2%)
Months of Supply: 4.4 (balanced market territory)
Days on Market: 47 days average (up from 32 days)
Benchmark price: $326,500 (down 5.8%)
Townhouses/Row Houses
Inventory remains elevated, creating downward pressure.
Total Sales: 339 condos sold (down 12% from August 2024)
New Listings: 544 condos (down 15%)
Inventory: 1,103 condos for sale (up 67%)
Months of Supply: 3.3 (balanced market territory)
Days on Market: 40 days average (up from 25 days)
Benchmark price: $439,600 (down 4.8%)
Detached Houses
Houses are the market segment that is holding up the best in Calgary, with NE & East down ~5%; but the City Centre still up ~2%.
Total Sales: 995 condos sold (down 3.0% from August 2024)
New Listings: 1,748 condos (up 9.6%)
Inventory: 3,051 condos for sale (up 51.7%)
Months of Supply: 3.1 (balanced market territory)
Days on Market: 35 days average (up from 26days)
Benchmark price: $755,600 (down 0.9%)
Book A Call to Review Investment Options
I’m here to help you analyze the market and make decisions that fit your investment goals, get in touch today!
Calgary offers some of the most affordable investment opportunities with
2 bedrooms starting in the mid-$300s, Closings as late as 2028, and multi-year Rental Guarantees!