Newsletter

Thank you for being part of our community. Wishing you happy holidays, good company, and a great start to the new year.

Conditions remain relatively balanced as we head into the winter months

Calgary, Alberta, Dec. 1, 2025 – In line with typical seasonal trends, sales, new listings and inventory levels all slowed relative to last month. The 1,553 sales were met with 2,251 new listings, causing the sales-to-new-listings levels ratio to improve to 69 per cent. This also helped support some of the inventory adjustment. However, with 5,581 units in inventory, levels are still 28 per cent higher than last year and over 15 per cent higher than typical levels reported in November.

“Supply levels have been sitting higher than typical levels for the past three months, mostly due to the gains occurring in the higher-density sectors of row and apartment style units,” said Ann-Marie Lurie, CREB®’s Chief Economist. “This is partially related to the additional supply choice coming from the new homes sector, some of which end up on the resale market, especially near the end of the year. While buyer’s market conditions are more prevalent for apartment-style homes and to a lesser extent row homes, outside of a few pockets of the market, both the detached and semi-detached markets are relatively balanced.”

The additional supply choice across resale, new and rental markets, is having the most impact on apartment and row style home prices which are reporting year-over-year price declines of seven and six per cent. In comparison detached home prices are down by two per cent compared to last November, but still higher than last year when looking at year-to-date figures. Overall, the unadjusted total combined residential benchmark* price in November was $559,000, nearly five per cent lower than last year.

CLICK HERE ⬅️ to view the full City of Calgary monthly stats package

CLICK HERE ⬅️ to view the full Calgary region monthly stats package

Pace of new listings growth slows, preventing further inventory gains

Calgary, Alberta, Nov. 3, 2025 – Inventory levels eased over last month thanks to the combined impact of a monthly pullback in new listings and a monthly pick up in sales. With 6,471 units in inventory and 1,885 sales the October months of supply returned to three-and-a-half months after pushing up to four months in September. While both row- and apartment-style properties continue to report elevated supply levels compared to demand, conditions remain relatively balanced for both detached and semi-detached properties.

Year-to-date sales in the city totaled 20,082, down nearly 16 per cent compared to last year, but still in line with longer-term trends. Much of the decline in sales has been driven by pullbacks for apartment- and row-style homes.

“Improved rental supply and easing rents have slowed ownership demand for apartment- and row-style homes. It is also these segments of the market that have seen October inventories reach a record high for the month,” said Ann-Marie Lurie, CREB®’s Chief Economist. “Excess supply for apartment- and row-style properties is weighing on prices in those segments more so than any other property type, influencing total residential prices.”

As of October, the total unadjusted residential benchmark price in Calgary was $568,000, down nearly one per cent compared to last month and over four per cent lower than last year’s levels. The largest price adjustments occurred for row- and apartment-style properties where prices have eased by a respective six and seven per cent compared to last October.

CLICK HERE ⬅️ to view the full City of Calgary monthly stats package

CLICK HERE ⬅️ to view the full Calgary Region monthly stats package

CIR Realty’s 1forALL Charity Program

The Connect Real Estate Group is proud to take part in the 1forALL Charity Program at CIR Realty. For EVERY completed transaction, we donate a minimum of 1% of our commissions to the 2 chosen charities:

AARCS (Alberta Animal Rescue Crew Society)

Ronald McDonald House Charities of Southern and Central Alberta

Toy Angels Toy Drive 🎁🧸

All Calgary CIR Realty offices will be collecting new, unwrapped toys for kids in need aged 12 months to 17 years.

Donation boxes will be available in each of the Calgary offices from November 14th up until the week before Christmas.

If you would like to donate a new, unwrapped toy for a child in need, we would be happy to collect them from you, or you can stop by any CIR Realty office in Calgary.

‘Tis the season to give back to our community ❤️

Contest Alert ❄️⛷️

Luxury Ski and Stay Alberta Giveaway!

From September 8th to November 14th, 2025 you can enter for the chance to win a $1000 Fairmont Chateau Lake Louise gift card + four lift tickets to Lake Louise Ski Resort – the ultimate ski & stay experience in the heart of the Rockies

Must be 18+ and a resident of Alberta or BC to enter.

ENTER HERE ➡️ Luxury Ski and Stay Alberta Giveaway

A boost in new listings drives further inventory gains and price asjustmetns

The 1,720 sales in September were not high enough to offset the 3,782 new listings coming onto the market, driving further inventory gains as we move into the fall. There were 6,916 units in inventory in September, 36 percent higher than last year and over 17 percent higher than levels traditionally reported in September. Both row and apartment style homes have reported the largest boost in supply compared to long-term trends. “Supply levels have been rising in the resale, new home, and rental markets. The additional supply choice is coming at a time when demand is slowing, mostly due to slower population growth and persistent uncertainty. Resale markets have more competition from new homes and additional supply in the rental market, reducing the sense of urgency amongst potential purchasers. Ultimately, the additional supply choice is weighing on home prices,” said Ann-Marie Lurie, CREB® Chief Economist.

Supply levels relative to demand typically drive shifts in home prices. In September, the sales to new listings ratio dipped to 45 per cent, and the months of supply pushed up to four months for the first time since early 2020. This is a higher level of supply compared to demand than is typically seen in the Calgary market and, should this persist, we could see a market that shifts more in favour of the buyer. However, conditions do vary by property type, price range and location.

Inventory gains for apartment style homes over the past several months have contributed to buyer market conditions in this segment, driving year-over-year price adjustments of over six per cent for a total benchmark price of $322,900 in September. While the detached segment has also seen a rise in the months of supply, it has not been as high as the apartment condo sector. At a benchmark price of $749,900, detached home prices are only one per cent lower than last year, with most of the adjustments driven by the North East and North districts.

CLICK HERE ⬅️ to view the full City of Calgary monthly stats package

CLICK HERE ⬅️ to view the full Calgary Region monthly stats package

Price declines mostly driven by higher density home types

Improving supply choice has changed the dynamics of the Calgary market driving price declines over the past several months. Higher price adjustments are occurring for apartment and row style properties while detached and semi-detached properties have reported modest declines. As of August, the unadjusted total residential benchmark price was $577,200, down over last month and nearly four per cent lower than levels reported last year.

“Perspective is needed when it comes to price adjustments. The most significant price adjustments are occurring for row and apartment style homes as they are also the product type that are facing the largest gains in supply choice,” said Ann-Marie Lurie, Chief Economist at CREB®. “Meanwhile price adjustments in the detached and semi-detached markets range from modest price growth in some areas to larger price declines in areas with large supply growth. Overall, recent price adjustments have not offset all the gains that have occurred over the past several years.”

➡️ Click Here to view the full City of Calgary monthly stats package

➡️ Click Here to view the full Calgary Region monthly stats package

Supply growth weighs on home prices

Thanks to gains mostly occurring in the newer communities, inventory levels in July were 6,917 units, reaching levels not seen since prior to the pandemic and higher than long-term trends. While supply has improved across all property types and all districts, the largest gains are occurring in the areas where there has been new community growth.

The additional supply has weighed on home prices in some parts of the city. The total residential benchmark price in Calgary has trended down over the past several months and is currently four per cent below last year’s peak price reported in June 2024.

“Price declines are not occurring across all property types in all locations of the city, and even where there have been declines, it has not erased all the gains made over the past several years,” said Ann-Marie Lurie, Chief Economist at CREB®. “The steepest price declines have occurred for apartment and row style homes, mostly in the North East and North districts, which coincides with significant gains in new supply.”

City of Calgary Stats Package ⬅️

Calgary Region Stats Package ⬅️