Calgary Housing Market Update: Inventory Surge Impacts Prices
Market Shift: Surging Inventory Drops Prices, Especially in Apartments & Row Homes—Expert Insights for Buyers, Sellers & Investors
—Malvinder S. Tiwana | Tiwana Real Estate Team | July 2, 2025
Market Overview: Supply Growth Shifts Pricing Trends
The latest Calgary Real Estate Board (CREB®) data reveals a significant shift in housing inventory, with resale supply reaching 6,941 units—matching 2021 levels before the recent population boom. While home sales remain steady compared to long-term trends, new listings are outpacing demand, leading to price adjustments, especially in condos and townhomes.
Key Statistics – June 2025
- Benchmark Price: $586,200 (↓ from last month, ↓ 3% YoY)
- Inventory Growth: Apartments & row homes +30% above long-term averages
Market Conditions:
- Buyer’s market for apartments & row homes (4 months of supply)
- Balanced market for detached & semi-detached homes
Why Are Apartment & Row Home Prices Declining?
1. Oversupply in High-Density Housing
- Condo inventory has surged, giving buyers more negotiation power.
- Townhome listings are also up, softening prices in this segment.
2. Buyer Hesitation Due to Economic Factors
- Mortgage rates remain high, keeping some buyers on the sidelines.
- Fear of further price drops is causing delays in purchasing decisions.
3. Shift in Investor Activity
- Real estate investors are pulling back from condo purchases due to rising vacancy rates.
- Rental market softening reduces demand for investment properties.
Detached & Semi-Detached Homes Remain Stable
While Calgary’s housing market cools in some segments, single-family homes show resilience:
- Detached homes: Prices flat YoY, with balanced supply (2-3 months).
- Semi-detached homes: Still up slightly compared to 2024.
Why the Difference?
- Strong demand from move-up buyers and interprovincial migrants.
- Limited new construction keeps supply in check.
What Does This Mean for Buyers & Sellers?
For Buyers:
- Best opportunities in apartments & row homes (more choices, lower prices).
- Detached homes still competitive—act fast if you find the right property.
For Sellers:
- Price realistically—overpriced listings are sitting longer.
- Highlight affordability compared to other major cities like Toronto & Vancouver.
For Investors:
- Long-term rentals in detached homes may offer better stability.
- Avoid overexposure to condos until supply stabilizes.
Outlook: Will Prices Drop Further?
- Short-term (2025): More price adjustments possible in condos & townhomes.
- Long-term (2026+): If interest rates drop, demand could rebound.
Bottom Line: Calgary’s real estate market is adjusting, not crashing. Smart buyers can find good deals, while sellers must adapt to changing conditions.
Data Source: CREB® June 2025 Report | Analysis by Tiwana Real Estate Team
Malvinder S. Tiwana is a Calgary Realtor® specializing in residential real estate, investment properties, and market trends. For a free consultation, visit www.maltiwana.ca.
