The Changing Landscape of Calgary’s Real Estate Market

When Calgary’s real estate market experiences soaring prices alongside increasing inventory, it often signals a pivotal shift in market dynamics. This scenario can lead to a transition from a seller’s market to a more balanced or even buyer-favored environment.

The Impact of Rising Prices and Growing Inventory

As home prices climb, affordability becomes a pressing concern for many potential buyers. This can result in a slowdown in sales, as observed in July 2025, where Calgary saw a 12% year-over-year decline in home sales . Simultaneously, the market experienced a significant 66% increase in inventory compared to the previous year, reaching 6,917 units—the highest level since before the pandemic.

This influx of available homes, particularly in newer communities, has led to a rise in the months of supply to 3.3 citywide, indicating a shift towards a more balanced market. The increased supply has exerted downward pressure on prices, especially in the apartment and row home segments. For instance, the average selling price of a condo in Calgary decreased by 4.6% over the last 12 months, settling at $335,200 in July 2025 .

Opportunities for Buyers and Sellers

For buyers, this evolving landscape offers increased options and potentially more negotiating power. The surge in inventory provides a wider selection of properties, and the moderation in prices can enhance affordability.

Sellers, on the other hand, may need to adjust their strategies. In a market with growing inventory and tempered prices, setting realistic pricing and ensuring properties are well-presented become crucial to attract buyers.

Navigating the Changing Market

Understanding these market shifts is essential for both buyers and sellers. Staying informed about current trends and working with knowledgeable real estate professionals can help navigate the complexities of Calgary’s real estate market during periods of change.

As the market continues to adjust, keeping a close eye on inventory levels, pricing trends, and sales activity will be key to making informed real estate decisions in Calgary.