The Calgary housing market remains one of Canada’s most resilient in 2025, showing continued strength in both demand and pricing. Unlike other major cities, Calgary real estate is benefiting from population growth, strong employment numbers, and relative affordability. Here’s what buyers and sellers need to know this month.
📊 Calgary Housing Prices – June 2025
According to the Calgary Real Estate Board (CREB), the benchmark home price in Calgary rose to $605,300 in May 2025, reflecting a 9.5% increase year-over-year and a modest 1.1% gain month-over-month. This marks the 8th consecutive month of price gains across most property types.
- Detached Homes: Benchmark price at $748,300, up 12% YoY
- Semi-Detached: $659,300, up 11.6% YoY
- Townhouses: $456,500, up 17.5% YoY
- Condos: $328,200, up 14.4% YoY
(Source)
The market remains tight, with strong price appreciation driven by low supply and persistent demand.
🏘️ Calgary Home Sales & Inventory
Despite high prices, home sales in Calgary reached 3,092 units in May, just slightly below record highs. Demand remains robust due to increased interprovincial migration and first-time buyer activity.
- Inventory: Only 2,984 active listings, 36% below long-term averages
- Sales-to-new-listings ratio: 83.6%, indicating a strong seller’s market
- Days on Market: Median of 16 days
(Source)
💡 What’s Fueling Calgary’s Market?
- ✅ Population growth: Calgary remains a top destination for Canadians relocating from more expensive cities
- ✅ Strong job market: Especially in energy, construction, and tech
- ✅ Affordability: Compared to Vancouver or Toronto, Calgary still offers larger homes for lower prices
- ✅ Investor activity: Rental yields remain high, keeping investors engaged
📈 Calgary Interest Rate Environment
The Bank of Canada held its key policy rate at 2.75% in June 2025, providing some relief to mortgage holders and potential buyers. However, borrowing remains more expensive than during pandemic lows, and many homeowners are adjusting to higher monthly payments.
🏗️ New Builds & Policy Shifts
The city continues to approve new developments, but construction has not kept pace with demand. Calgary’s municipal government is working on:
- Faster permit approvals
- Incentives for multi-family builds
- Expanding zoning for infill projects
Still, supply remains a major constraint, especially in desirable communities like Seton, Mahogany, and Crescent Heights.
🔮 Calgary Housing Market Forecast – Summer 2025
If supply levels remain low and interprovincial migration continues, Calgary home prices are expected to keep rising through the summer. However, price growth may moderate if interest rates increase later in the year or if more inventory hits the market.
For now, sellers remain in control, while buyers need to act quickly and be pre-approved to compete.
🎥 Want a visual breakdown? Stay tuned to @albertahousingmarket for more real estate updates across Canada.
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