Calgary Real Estate Statistics - July 2025

Calgary’s housing supply continued to expand in July, reaching 6,917 active listings—the highest level since before the pandemic and above long-term seasonal norms. Growth in inventory was most notable in newer communities, where much of the city’s recent development has occurred. While all districts and property types experienced supply gains, newly built areas led the way.

The increase in available homes has placed downward pressure on prices in certain parts of the city. Calgary’s total residential benchmark price has softened for several months in a row and now sits roughly 4% below the market peak recorded in June 2024.

“Not every part of the market is seeing price declines, and where they are occurring, they haven’t erased the gains accumulated over the past few years,” said Ann-Marie Lurie, Chief Economist at CREB®. “The sharpest price adjustments have been in apartment and row-style properties located in the North East and North districts—areas where new supply has grown the most.”

Sales activity also slowed alongside rising supply. July recorded 2,099 sales—a 12% drop from last year—while new listings climbed over 8% to 3,911 units. The combination of economic uncertainty tied to tariffs, stable lending rates, and increased competition from the new-home sector continued to weigh on resale market performance.

Apartment-style homes now have the highest months of supply, sitting above four months—a clear sign of shifting toward a buyer’s market. However, detached and semi-detached segments remain relatively balanced with approximately three months of supply each.