Calgary Real Estate Statistics - September 2025

Calgary, Alberta, October 1, 2025 – Calgary’s housing market continued to see supply gains through September, as 1,720 sales were not enough to offset the 3,782 new listings that entered the market. Inventory levels climbed to 6,916 units, up 36% year-over-year and 17% higher than long-term September averages. The largest supply increases were reported in the row and apartment segments. 

“Supply levels have been rising across the resale, new home, and rental markets,” said Ann-Marie Lurie, Chief Economist at CREB®. “This growing selection is coming at a time when demand is slowing due to weaker population growth and ongoing economic uncertainty. With more competition from new builds and rentals, buyers are feeling less urgency, and that’s beginning to weigh on home prices.”

September’s sales-to-new-listings ratio fell to 45%, while the months of supply rose to four—the highest level since early 2020. This shift indicates a market moving closer to buyer-friendly conditions, though trends still vary by property type and price point.

The apartment segment continues to experience the most notable adjustments, with higher inventory levels leading to buyer’s market conditions and prices dropping over 6% year-over-year to a benchmark of $322,900. Detached homes, meanwhile, remain more stable: despite a slight rise in supply, prices held at $749,900, just 1% lower than last year, with most of the softening seen in the North East and North districts.