Calgary continues to dominate headlines as one of Canada’s strongest and fastest-growing housing markets. As affordability challenges weigh down Toronto and Vancouver, more Canadians are heading west, and they’re finding value, jobs, and lifestyle in Calgary.
📊 Calgary Home Prices – July 2025
According to the Calgary Real Estate Board (CREB), Calgary’s composite benchmark price rose to $613,800 in July, marking a 10.2% year-over-year increase and 1.4% growth from June.
Here’s the benchmark price breakdown by home type:
| Property Type | Benchmark Price | YoY Change |
|---|---|---|
| Detached Home | $756,900 | ↑ 12.7% |
| Semi-Detached | $666,200 | ↑ 12.1% |
| Townhouse | $464,700 | ↑ 18.1% |
| Condo Apartment | $333,400 | ↑ 15.2% |
🔍 Key Insight: Townhomes and condos are rising the fastest, thanks to shifting affordability needs and strong investor demand.
🏘️ Sales & Inventory – July 2025
Despite surging prices, Calgary’s housing market is still highly active. In July 2025, CREB recorded 3,107 home sales, holding steady amid tight inventory.
- Active listings: 2,952 (down 35% year-over-year)
- Sales-to-new listings ratio: 84.2% (firm seller’s market)
- Median days on market: 15 days
Listings are moving fast, and buyers are facing competitive conditions—especially in popular family-friendly neighborhoods.
🏦 Interest Rates & Affordability
The Bank of Canada held its overnight lending rate at 2.75% in July, offering some stability. While rates remain high compared to pre-pandemic levels, Calgary’s more affordable housing relative to other big cities helps keep monthly payments manageable.
A typical home in Calgary still offers far better affordability than in Toronto or Vancouver.
📍 Why Calgary Is Booming in 2025
Calgary continues to be a magnet for interprovincial migration and investors alike. Here’s why:
- 🏗️ Massive job growth in energy, construction, healthcare, and tech
- 🏡 Affordable entry points compared to other major cities
- 🏙️ New urban developments with modern amenities
- 💰 Investor-friendly rental yields and high tenant demand
Add in the fact that Alberta has no land transfer tax or provincial sales tax, and you can see why the market is heating up.
🛠️ Housing Supply & Urban Planning
To ease supply pressure, Calgary is pushing hard on development and zoning reforms:
- ✅ Streamlined permits and faster approvals
- ✅ Expanded zoning for fourplexes, townhomes, and mid-rise buildings
- ✅ New mixed-use developments in Seton, Mahogany, and Brentwood
- ✅ Developer incentives to build affordable multi-family units
Despite these efforts, demand continues to outpace supply in key segments like townhomes and detached homes.
🔮 Calgary Housing Market Forecast – Summer 2025
Looking ahead to August and beyond, experts expect:
- Ongoing price growth if inventory remains low
- Increased demand for condos and townhomes as entry points tighten
- Continued migration from Ontario and BC
- Active investor market, particularly in multi-unit properties
Calgary is no longer just a stable city, it’s becoming one of Canada’s most sought-after places to live and invest.
✅ Final Thoughts: Should You Buy or Sell?
Sellers: This is still your market. Listings are moving quickly, often with multiple offers.
Buyers: Be prepared. Get pre-approved, watch listings closely, and act fast, especially in popular zones like Auburn Bay, Mahogany, and the NW corridor.
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👉 Visit whatsgoodatlantic.com for national market comparisons
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