As the Calgary real estate market transitions into Spring 2025, shifting market conditions are creating new opportunities for both buyers and sellers. With rising inventory, evolving pricing trends, and changing buyer demand, staying informed is essential for making confident real estate decisions.
Whether you are looking to buy a home in Calgary, sell your property, or simply track market trends, this seasonal update provides key insights into pricing, demand, and neighbourhood performance. At Excelsior Properties, Pranshu Dixit and the team continuously monitor Calgary’s unique real estate dynamics to provide data-driven insights that help clients succeed in today’s market.
Market Overview: Balanced Conditions Emerging
The latest market data from February 2025 reflects a shift toward a more balanced real estate market in Calgary:
✔ Active listings: 4,145 properties (76% increase year-over-year)
✔ Sales activity: 1,721 transactions (19% decline from last year)
✔ Benchmark home prices: Continued appreciation at a steadier pace
✔ Market supply: 2.4 months—moving closer to balanced territory
While Calgary's real estate market is no longer experiencing extreme supply shortages, home values remain resilient, and well-positioned properties continue to attract buyers.
What This Means for Calgary Homebuyers & Sellers
For Homebuyers: More Options & Less Competition
The increase in inventory benefits buyers by providing:
Greater selection across all property types
Reduced competition, allowing for more negotiation opportunities
More time to evaluate properties before making an offer
Favorable conditions in the apartment sector (3.1 months of supply)
If you've been waiting for the right moment to enter the Calgary housing market, the spring real estate season presents new opportunities, particularly in affordable housing segments.
For Home Sellers: Strategic Pricing & Market Positioning Are Key
While the market remains favorable for sellers, success now requires:
Accurate pricing to attract serious buyers
Professional staging & marketing to highlight property value
A competitive edge—homes priced right continue to sell quickly
Despite rising inventory, home values remain strong:
✔ Detached homes: Benchmark price $576,500 (+5% YoY)
✔ Semi-detached homes: Benchmark price $568,335 (+7% YoY)
✔ Townhomes: Benchmark price $444,868 (+3% YoY)
✔ Apartments: Benchmark price $334,000 (+4% YoY)
Sellers who strategically price and present their homes will continue to see strong offers, especially in high-demand Calgary communities.
Market Performance by Housing Category
Detached Homes – Steady Demand Amid Higher Inventory
Sales: 765 transactions (-20% YoY)
New Listings: +6% increase from last year
Inventory: 1,698 active listings (+61% YoY)
Price growth: +5% YoY
Top-performing areas: City Center & South Calgary (+8% price growth)
Semi-Detached Homes – Resilient Pricing Despite Fewer Sales
Sales: 165 transactions (-14% YoY)
Inventory: 326 homes (+46% YoY)
Price appreciation: +7% YoY
Townhomes – More Choices for Buyers
Sales: 318 transactions (-9% YoY)
Inventory: 655 units (+113% YoY)
Price growth: +3% YoY
Apartments – Best Buyer Opportunities
Sales: 473 transactions (-26% YoY)
New listings: 852 (highest February on record)
Inventory: 1,466 units (+90% YoY)
Supply: 3.1 months (most balanced segment)
Top-performing area: West Calgary (+8% price growth)
Apartment buyers now have more options and better negotiation leverage, making it one of the most favorable times in recent years to invest in Calgary condos for sale.
Key Economic & Market Influences
Several broader factors are shaping Calgary’s real estate market in 2025:
1. Economic & Employment Trends
Unemployment rate: 7.7% (up from 5.9% last year)
Sectors driving job growth: Healthcare, trade, construction
Sectors facing challenges: Food service, transportation
Employment trends impact housing affordability and buyer confidence, influencing real estate demand in Calgary.
2. Interest Rates & Mortgage Trends
Bank of Canada policy rate: 3% (as of March 2025)
Current mortgage rates:
3-year fixed insured: 3.87%
5-year fixed insured: 3.89%
5-year variable insured: 4.15%
Even with modest fluctuations, today’s interest rates remain historically competitive, supporting continued buyer activity.
3. US Trade Tariffs & Market Uncertainty
Proposed 10% tariff on Canadian energy exports may impact Calgary’s energy sector
Possible construction cost increases if new tariffs affect building materials
Uncertainty may cause short-term fluctuations in real estate investment trends
While external factors introduce volatility, Calgary’s diverse economy and long-term housing demand provide a stable foundation.
Calgary Real Estate Market Outlook
Looking ahead, several key trends will shape Calgary’s housing market:
✔ Price growth continues at a steady, sustainable pace
✔ Buyers gain negotiating power as inventory increases
✔ Sellers must focus on strategic pricing & presentation
✔ Affordable housing options under $500,000 see strongest demand
✔ External economic factors may introduce short-term fluctuations
The Calgary real estate market is moving toward balance, benefiting both buyers and sellers.
Strategic Insights for Buyers & Sellers
For Buyers:
✔ Take advantage of more inventory & reduced competition
✔ Secure favorable mortgage rates before potential increases
✔ Target high-inventory property segments for best deals
✔ Consider long-term investment value when selecting a home
For Sellers:
✔ Price competitively—the first 14-21 days on market are critical
✔ Invest in professional marketing & staging to stand out
✔ Be prepared for longer sales cycles in some segments
✔ Monitor neighbourhood trends for strategic timing
Final Thoughts: Calgary’s Market Entering a New Phase
The Spring 2025 Calgary real estate market represents a healthy transition toward balance. While home prices remain strong, increased inventory provides buyers with more choice and negotiation power. For sellers, strategic pricing and marketing are now more crucial than ever.
At Excelsior Properties, Pranshu Dixit and the team remain committed to providing expert real estate guidance backed by data-driven insights. Whether you are buying, selling, or investing in Calgary real estate, staying informed will help you navigate this evolving market with confidence.