Calgary Market Update: June 2025
Position Yourself for Success - Calgary’s Real Estate Is Entering a New Phase
We’re seeing a shift in the Calgary real estate market that presents both challenges and potential opportunities — especially for long-term investors.
Inventory levels have continued to rise, reaching 6,941 units by the end of June. This puts us back at inventory levels not seen since 2021, before Calgary’s population surge intensified housing demand. More listings across all property types have contributed to this shift, with townhomes and condos seeing the largest increases — over 30% above long-term trends.
Sales, while softer than recent months, remain consistent with Calgary’s long-term performance. Detached and semi-detached homes have only slightly higher-than-typical inventory, keeping conditions in these segments relatively balanced. Apartment and row-style homes, on the other hand, have started to lean toward a buyer’s market, with nearly four months of supply available.
The overall benchmark price in June was $586,200 — down from last month and about 3% lower than this time last year. Here’s how each segment performed:
Condo Benchmark Price: $333,500 ⬇️ -3.2% YoY
Townhome Benchmark Price: $450,300 ⬇️-3.1% YoY
Detached Benchmark Price: $764,300⬆️ -0.4% YoY
What does this mean for investors?
Interest rate uncertainty and buyer hesitation are temporary but strong investment fundamentals will prevail over time. The fundamentals for Alberta have not changed and remain strong:
Immigration above 20 year averages (+20,562 in Q1 2025)
Continued to be the top destination for people moving within Canada
Economy is expected to lead growth in Canada in 2025 and 2026
Economy is continuing to diversify away from oil & gas and into tech & other sectors
A very strong rental market (when priced correctly)
Business, tax, and landlord friendly environment
After several years of rapid appreciation, the market is normalizing and for those with a long-term horizon, this environment offers strategic opportunities. There’s now more selection, more motivated sellers, and I can now negotiate deals and incentives that I never thought were possible a year ago.
Now is the time for long-term investors to set up your portfolio for significant success 5 years from now.
If you’d like to discuss what this means for you, book a call.
Considering An Investment?
Investing in Calgary right now is about finding the value deals - developers like Truman 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 consdiering.
DETAIL BY PROPERTY TYPE
(Statistics from the Calgary Real Estate Board)
Condos
Calgary’s condo market saw a slowdown in both new listings and sales compared to last month and last year. Despite the dip in activity, supply continues to climb — with 1,024 new listings and just 532 sales, inventory levels have pushed the months of supply up near four — balanced market territory.
This increase in available units, paired with slower population growth from international migration and temporary foreign workers, is softening demand — particularly for apartment-style properties, which are more directly impacted by shifting rental and immigration trends.
As a result, prices have continued to ease. The June benchmark price for condos was $333,500 — down more than 3% year-over-year. While all city districts are experiencing some level of price decline, the most pronounced drops are in the North East, North, and South East.
While price adjustments can seem concerning, they may also open the door for strategic acquisitions, particularly for cash-flow-focused investors or those looking for value plays in a more competitive market.
Townhouses/Row Houses
Calgary’s townhome market is experiencing a notable rise in new listings, with the sales-to-new listings ratio dipping to 50% in June. This shift has led to increased inventory levels, reaching 1,167 active units — pushing months of supply above the three-month mark. While sales remain above long-term averages, the pace of new inventory is outpacing demand.
Market conditions vary significantly by region — the North East district now has nearly six months of supply, suggesting more leverage for buyers, while the North West remains tighter with around two and a half months of supply.
This growing supply is putting downward pressure on prices. The benchmark price for townhomes in June was $450,300 — down from last month and about 3% lower year-over-year. However, pricing trends continue to depend on location. The City Centre has shown relative stability, sitting just 1% below last year’s peak, whereas the North East has seen sharper declines of nearly 6%.
Whether you’re looking for an entry point or seeking value in a more stable pocket of the market, this could be a time to explore selective opportunities—especially in oversupplied areas and when pre-construction is selling below resale prices.
Detached Houses
Detached home sales in June reached 1,194 units, reflecting a 6% dip from both last month and the same time last year. But the picture is nuanced — activity varied significantly by price point and location. Higher-priced resale homes are seeing more competition from new construction, which may be influencing sales volume in that segment.
The City Centre and North East districts saw the steepest year-over-year sales declines, each down over 20%. On the flip side, some areas remain resilient — the West and South East districts posted sales gains compared to last year.
Despite the slight pullback in sales, inventory and new listings have improved across most price ranges and regions. However, buyer-friendly conditions are mostly isolated to the North East, where supply levels have led to a 4% year-over-year decline in prices. Elsewhere, the detached segment remains relatively stable. The unadjusted benchmark price for detached homes in Calgary was $764,300 in June — down less than 1% from both last month and last year.
For investors, this signals a market that’s rebalancing after a period of rapid growth. Most detached markets are holding their value, and we’re seeing more inventory coming online, which could create opportunities for negotiation — particularly in slower submarkets or for properties competing with new builds.
Book A Call to Review Investment Options
If you want to take advantage of some of these prevailing trends, 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!