Calgary Real Estate Statistics - November 2025

Calgary’s housing market followed expected seasonal patterns in November, with sales, new listings, and inventory levels all easing from October. The month saw 1,553 sales and 2,251 new listings, improving the sales-to-new-listings ratio to 69% — a shift that helped moderate inventory levels.

Even with the monthly adjustment, inventory remained elevated at 5,581 units, sitting 28% higher than last year and 15% above typical November levels. The rise continues to be driven largely by the row and apartment sectors, where higher-density supply has surged throughout the fall.

“Supply levels have been sitting higher than typical levels for the past three months, mostly due to gains occurring in the higher-density sectors of row and apartment units,” said Ann-Marie Lurie, CREB® Chief Economist. “This is partly due to new-home supply feeding into the resale market near year-end. While buyer’s market conditions are more common for apartment-style homes — and to a lesser extent row homes — detached and semi-detached segments remain relatively balanced in most areas.”

The increase in supply across resale, new construction, and rental markets is placing the greatest downward pressure on apartment and row-style prices, which saw year-over-year declines of 7% and 6%, respectively. Detached home prices dipped 2% year-over-year, though they remain higher on a year-to-date basis.

Overall, Calgary’s unadjusted combined residential benchmark price in November fell to $559,000, nearly 5% lower than last year as the market reacts to improved supply and softer demand heading into winter.