Whereas dwelling gross sales declined 16.5% year-over-year to 2,286 items, new listings surged 11.2% year-over-year, which has helped carry market circumstances again into balanced territory.
In line with the Calgary Actual Property Board (CREB), provide features have been strongest within the residence and row segments, the place stock is now greater than 30% above long-term traits.
“Provide has improved throughout rental, resale and new dwelling markets, permitting for extra alternative for these contemplating their housing choices,” mentioned CREB Chief Economist Ann-Marie Lurie. “The extra alternative mixed with no additional declines in lending charges, persistent uncertainty and issues of worth changes is retaining many potential purchasers on the sidelines.”
That softening in demand has contributed to the citywide benchmark worth slipping to $586,200 in June, down 3.6% from final yr. The decline has been most pronounced within the residence and row sectors, each down greater than 3% yearly, whereas indifferent costs held comparatively regular.
Indifferent market holds regular, whereas connected segments face stress
Indifferent dwelling gross sales in June totalled 1,194 items, about 6% under each final yr and the earlier month. The pullback was most evident in higher-priced properties going through competitors from the new-home section, and within the Metropolis Centre and North East, the place year-over-year gross sales fell greater than 20%.
Nonetheless, indifferent dwelling costs had been largely secure with the benchmark worth down lower than 1% year-over-year to $764,300. Solely the North East noticed buyer-favoured circumstances, contributing to a 4% annual worth decline there.
Amongst connected properties, semi-detached properties noticed modest worth progress, with the benchmark reaching $696,400 in June—flat from Could and up 1% year-over-year. That masked vital regional variation, with report highs within the Metropolis Centre however annual worth drops of over 2% within the North, North East, and East.
Row and residence segments had been extra clearly affected by rising provide. Row dwelling stock rose to 1,167 items in June because the sales-to-new listings ratio dropped to 50%. Costs fell to $450,300—down over 3% from final yr. Within the North East, costs declined almost 6% year-over-year.
Within the residence condominium section, each gross sales and listings dipped, however stock continued climbing on account of slower absorption. Months of provide approached 4 citywide, contributing to a different drop within the benchmark worth to $333,500, additionally down greater than 3% from final yr. The steepest declines had been recorded within the North, North East and South East districts.
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Final modified: July 2, 2025
