Calgary Real Estate Market Update – October 2025

Slower Growth in New Listings Helps Stabilize Supply

Calgary’s housing market showed signs of stabilization in October as new listings growth slowed and sales picked up slightly from September. The city recorded 1,885 sales and 6,471 active listings, bringing the months of supply back down to three and a half months, after reaching four months in September.

While row and apartment properties continue to experience elevated supply compared to demand, detached and semi-detached segments remain relatively balanced.

Year-to-date, Calgary has seen 20,082 sales, about 16% lower than last year, though still consistent with long-term market averages. Most of the slowdown has come from softer demand for apartment and row-style homes.

“Improved rental supply and easing rents have slowed ownership demand for apartment- and row-style homes,” said Ann-Marie Lurie, CREB® Chief Economist. “Excess supply in these segments is weighing on prices more than in other property types.”

As of October, Calgary’s total residential benchmark price was $568,000, down 1% month-over-month and over 4% year-over-year. The largest price adjustments occurred in the row and apartment markets, with prices falling 6% and 7% respectively compared to last October. 

Detached Homes

Sales improved slightly to 1,012 units, while new listings fell to 1,593, helping reduce inventory to 2,913 units. With under three months of supply, detached homes remain balanced overall.

• Benchmark price: $744,400 (↓ 1% YoY)

• Price trends: Gains in the City Centre (+2%) offset declines in the North East (-5%)

• Year-to-date: Prices remain 1% higher than last year

 Semi-Detached Homes

Sales rose to 186 units, while inventory held steady at 613 units. Conditions remain balanced with just over three months of supply.

• Benchmark price: $683,100 (↑ 1% YoY)

• Year-to-date: Prices are 3% higher than last year, led by the City Centre

Row Homes

Row sales totaled 275 units, while inventory climbed to a record 1,054 units, keeping months of supply around four months.

• Benchmark price: $431,200 (↓ 6% YoY)

• Year-to-date: Down 1.5%, with the largest declines in the North East and North districts

 Apartment Condominiums

A small pullback in new listings helped stabilize inventory, which remained high at 1,891 units. With nearly five months of supply, apartment condos remain in buyer’s market territory.

• Benchmark price: $318,200 (↓ 7% YoY)

• Year-to-date: Prices down 2%, led by declines in the North East and South East

 Regional Highlights

Airdrie – Record-high new listings kept inventory elevated at 535 units, with prices down 5% YoY to $520,400.

Cochrane – Sales improved and inventory stabilized. Prices held at $585,200, up 2% YoY.

Okotoks – Inventory rose modestly, but conditions remain relatively tight. Prices edged up to $618,600, stable year-over-year and 1% higher YTD.

Outlook

Calgary’s housing market continues to rebalance. While higher inventory in multi-family segments is softening prices, detached and semi-detached homes remain resilient thanks to steady demand. Unless sales slow further, conditions are expected to stay stable heading into the winter months, offering better selection for buyers and more realistic pricing across the board.