Calgary Real Estate Update: June 2025 – A Market Shift Towards Balance
Think of Calgary's real estate market like a car that's been speeding for the last few years. Now, in June 2025, it's easing off the gas and cruising at a steady pace. We're not crashing; we're correcting. And that's a good thing.
After four years of intense growth, Calgary is shifting from a seller-driven frenzy to a more balanced market. For buyers, this means more options and negotiating power. For sellers and investors, it's time to rethink strategies. Here's a breakdown of what’s happening and what it means for you.
The Big Picture: Inventory Surge, Sales Dip
June 2025 marks a noticeable reset. Inventory is up a massive 83% year-over-year with nearly 7,000 homes on the market. New listings rose 11%, but sales fell 16.5% compared to June 2024—just 2,286 homes sold.
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Benchmark Price: $586,200 (down 3.6% YoY)
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Months of Supply: Just over 3 months (double last year)
Buyers are taking their time, weighing their options—a big shift from the bidding wars we saw back in 2023.
By Property Type: Who's Holding, Who's Hurting
Detached Homes: Still the Safest Bet
Detached homes remain the strongest for sellers. Benchmark price: $764,300 (down just 0.4%). Sales sit just under 1,200. Inventory is up 75%.
West Calgary and the Southeast are holding firm, while City Centre and the Northeast are seeing more serious price and sales drops.
Pro Tip: Overpricing here is a killer. Good homes still sell, but you have to earn it with smart pricing and strong marketing.
Semi-Detached: A Middle Ground
Inventory jumped 86%, but prices are still up 1.5% YoY to just under $700,000. These homes are a sweet spot for buyers who want more than a condo but can’t stretch to detached.
However, places like the North and East are showing 2-3% price drops, signaling the growth is slowing.
Townhomes: Cooling Hard
Townhomes were the stars of 2023, but June hit them hard. Sales dropped to just 348 units. Prices fell 3.1% to $450,000. Inventory? Up 137%.
Investor fatigue is real. Some who bought at peak pricing are now underwater.
Apartments (Condos): Correction in Progress
Condos are facing a long overdue reality check. Sales dropped 33%, benchmark price fell 3.25%, and inventory jumped 73%.
Months of supply is nearing 4—that’s full buyer’s market territory. Northeast and Southeast are hardest hit, down 6%.
Heads Up: Pre-construction units are reselling 5-10% below original purchase prices.
Neighbourhood Watch: Who's Winning, Who's Struggling
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City Centre: Holding strong at $600,000 (up 3.5%). Mature communities with limited new builds are proving resilient.
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West Calgary: Very healthy, prices up 5.3% to $720,000.
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Northeast Calgary: Struggling, down 6.3%, benchmark below $500,000. Overbuilt and speculative.
Advice for Buyers, Sellers & Investors
Buyers: This Is Your Window
You finally have breathing room. With more inventory and less competition, it's a great time to shop smart. Watch condos and townhomes for deals—but be ready to act fast if interest rates dip again.
Sellers: Strategy Over Hype
The days of tossing a sign on the lawn and fielding offers in a day are gone. You need:
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Clean, staged, and professionally marketed listings
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Realistic pricing
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Patience and flexibility
Warning: Overpricing condos or townhomes can lead to long DOM (days on market) and price cuts.
Investors: Time to Get Tactical
Rental demand is still strong, but vacancy is creeping up. Cap rates are compressing. Now’s the time to be selective:
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Look for distressed sales (especially from out-of-province investors)
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Focus on two-bedroom units with parking
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Stick to buildings with solid reserve funds and financials
Final Thoughts: Calgary Is Normalizing, Not Crashing
This is a healthy rebalancing. We're returning to a sustainable pace. Detached and semi-detached homes are holding well, but expect more corrections in condos and townhomes if inventory stays high.
Calgary remains one of North America’s most attractive cities for affordability and lifestyle—and that long-term outlook hasn’t changed.
Real Talk, Real Results: Calgary's Market Is Changing
Dusko Sremac – Calgary & Area REALTOR® | Team Lead, REPYYC
The June 2025 stats are in, and the shift is undeniable—Calgary's market is finally cooling after years of heat. That’s not bad news—it’s an opportunity. Whether you're a buyer sizing up your options, a seller rethinking your strategy, or an investor looking to reposition, you need data, direction, and a team that actually knows what to do with both.
With over 2,000 families helped, 425+ five-star reviews, and a billion dollars in volume, our REPYYC team doesn't guess—we guide. Our sellers get higher sale prices and faster closings than the market average, thanks to custom property websites, concierge-level marketing, and hyperlocal exposure across 300+ sites.
Markets shift. Our results don’t. Let’s talk about how to win in this new landscape—before your competition does.
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