Calgary’s housing market in mid-2025 is transitioning from a tight seller’s market toward more balanced conditions. Inventory levels have risen sharply across all property types, while buyer demand has moderated. This shift is gradually increasing buyer leverage, though sellers still hold a modest advantage.

Detached Homes: Seller’s Market Easing

Detached homes remain in seller-friendly territory, but the balance is shifting. Months of inventory have nearly doubled year-over-year, rising from 1.2 to 2.3 months, a 92% increase.

Active listings have surged by 88%, while purchase demand has declined by 8%.

Despite these changes, the benchmark detached house price is $ 769,400 and has increased 1 percent in favour of sellers over the past three months. The median detached house was worth $ 730,000 and has also increased 1 percent in favour of sellers over the same period.

Townhouses: Higher Supply but far from Balance

The townhouse segment is headed toward balanced market conditions. Inventory has tripled from 0.8 to 2.4 months, marking a 200% increase.

Active listings are up by 163%, and purchase demand has dropped by 15%.

Apartments: Buyers Gaining Ground

The apartment market shows the most significant shift toward buyers. Months of inventory have increased from 1.2 to 3.6, a 200% rise. Nearly a balanced market.

Active listings have grown by 88%, while purchase demand has decreased by 36%.

The benchmark apartment price is $ 335,300 and has remained flat over the past three months. Meanwhile, the median apartment was worth $ 318,000 and has dropped 4 percent in favour of buyers over the past three months. The median is often a leading indicator for the benchmark price.

Mortgage Rates: Stable Environment

Mortgage rates have remained relatively stable. Variable rates have been flat since March, following the Bank of Canada’s last rate reduction. The typical 5-year fixed rate bottomed in April at 4.4% and has since risen slightly to 4.5%.

Outlook: Strategic Considerations

While sellers still hold an advantage, the market is shifting. Rising inventory and moderating demand suggest that pricing strategies and property presentation are becoming increasingly important. Sellers should act decisively to capitalize on current conditions, while buyers may find improved opportunities as the market continues to balance.

Calgary Home Price Forecast