Calgary Real Estate Statistics - August 2025

Calgary, Alberta, September 2, 2025 – Greater supply choice is reshaping Calgary’s housing market, leading to continued price adjustments over the past several months. The steepest declines have been concentrated in apartment and row-style homes, while detached and semi-detached properties are seeing only modest shifts.

As of August, the citywide unadjusted benchmark price fell to $577,200, down from last month and nearly 4% below last year’s levels.

“Perspective is needed when it comes to price adjustments. The most significant changes are occurring in row and apartment segments, where supply growth has been the strongest,” said Ann-Marie Lurie, Chief Economist at CREB®. “Detached and semi-detached homes tell a more mixed story, with some areas seeing modest growth while others experience declines tied to higher supply. Importantly, these recent adjustments haven’t erased the considerable price gains achieved over the past several years.”

August sales reached 1,989 units, down nearly 9% year-over-year. While activity has cooled from the highs of the past four years, sales remain stronger than long-term averages, signaling ongoing demand. The real change lies in supply: elevated new listings pushed inventory to 6,661 units, the highest August level since 2019.

With sales easing and supply improving, Calgary’s months of supply rose to 3.4—a more balanced environment than the tight seller’s market seen in recent years, though still far from the buyer’s market conditions that dominated before the pandemic. Market trends continue to vary widely by property type, price range, and location.