In Calgary’s 2025 real estate scene, not all homes are performing the same. Some segments are cooling, others holding firm. Let’s look at two key property types: townhouses and condo apartments.
📉 Townhouses: Average Price Down 2.3% YoY (~$457,000)
- The average price for townhomes (row / townhouse units) in Calgary dipped 2.3% year-over-year, landing at around $457,000.
- This decline suggests pressure in the mid-tier “attached” housing market, likely due to increased competition, rising supply, or shifting buyer preferences.
🏢 Condos: Slight Uptick – +0.4% to ~$349,000
- Meanwhile, condo (apartment) prices showed modest growth: +0.4% YoY, with average values near $349,000.
- The condo segment’s stability or small growth may reflect demand from first-time buyers or investors seeking lower entry points.
🏘️ Broader Market Context & Trends
- Calgary’s housing inventory has surged. In June, listings jumped to 6,941 units (up ~83% over last year).
- That spike in supply has put downward pressure especially on condos and row homes. Detached homes have held up better.
- The average home price citywide, and benchmark measures, are showing signs of moderation in 2025.
- According to the REMAX Fall 2025 outlook, while some price declines are expected, detached homes may remain more stable than higher-density units.
🧭 What This Means for Buyers & Sellers
For Buyers:
- You may find more negotiating room in the townhouse / row home segment than you would in past years.
- Condos still offer entry-level access, especially if you’re willing to shop smart and pick less crowded neighborhoods.
For Sellers:
- Townhouses may need price adjustments or incentives to attract buyers.
- Condos in good condition and well-located buildings can still hold or gain value.
- Presentation, condition, and competitive pricing matter more now than in hot markets.
✅ Key Takeaways
- Townhouses are under pressure, down ~2.3% YoY in average price.
- Condos are modestly up (~0.4% YoY), suggesting some resilience.
- Rising inventory has shifted market dynamics, pushing some segments toward balance.
- Detached homes are relatively more stable compared to attached/higher-density units.
References:
- Calgary Housing Market Report: June 2025 — average townhouse down 2.3%, condo up 0.4% WOWA
- “Inventory spike cools Calgary home prices, especially for condos” — Canadian Mortgage Trends Mortgage Rates Canada
- CREB / Price adjustments in row & apartment segments CREB
- REMAX Fall 2025 outlook on Calgary real estate RE/MAX Canada
- Calgary market data & trends via Zolo, WOWA, etc. WOWA+1
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