Calgary’s housing market ended 2025 with slower activity, softer pricing, and a meaningful rise in resale supply. New figures show 1,126 homes sold in December 2025, down 14.2% compared with December 2024, while the city’s residential benchmark price fell 4.7% year-over-year to $554,700.
The Calgary Real Estate Board (CREB) says 2025 was a “year of transition” as supply improved and demand cooled from earlier highs, shifting market conditions toward a more balanced environment in many parts of the city.
Calgary Housing Market Stats: December 2025
Key market indicators for December 2025:
- Sales: 1,126 (down 14.2% year-over-year)
- Benchmark price: $554,700 (down 4.7% year-over-year)
- New listings: 1,219 (down 1.5% year-over-year)
- Inventory: 3,860 homes for sale (up 28.9% year-over-year)
A rising inventory level alongside weaker sales is typically associated with cooling conditions, particularly in segments where supply has built the fastest.
Full-Year 2025: Sales Down, Average Benchmark Price Lower
For the full year, Calgary recorded a slower pace than 2024:
- 2025 sales: down 15.7% compared with 2024
- 2025 annual average benchmark price: $577,492 (about 2.4% lower than 2024)
CREB’s chief economist Ann-Marie Lurie said supply levels grew higher than expected in 2025, especially for condominium and row homes. That additional supply weighed on pricing in those categories enough to offset price gains in detached and semi-detached homes.
Why Calgary Shifted Toward More Balanced Conditions in 2025
CREB attributes the shift to a combination of:
- Higher supply, supported by record-high housing starts and more resale listings
- Easing demand, linked to reduced migration levels and broader economic uncertainty during the spring market
- Market fragmentation, where some areas still leaned seller-friendly while others became buyer-favourable depending on location, price range, and property type
The takeaway is that Calgary’s market is no longer moving as one. Conditions can vary significantly by housing type and neighborhood.
What It Could Mean Heading Into 2026
For buyers, a market with more inventory typically means more choice and less urgency. For sellers, it usually increases competition and puts more pressure on pricing and presentation, especially in segments where supply has risen the most.
References
Calgary Real Estate Board. (2025). December 2025 Calgary monthly statistics package: City of Calgary. https://www.creb.com/Housing_Statistics/documents/12_2025_Calgary_Monthly_Stats_Package.pdf
The Canadian Press. (2026, January 2). Calgary housing market closed out 2025 with 14% fewer home sales in December: board. CityNews Calgary. https://calgary.citynews.ca/2026/01/02/calgary-housing-market-closed-out-2025-with-14-fewer-home-sales-in-december-board/
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