In 2025, the average home price in Calgary was approximately $681,700, representing a 1.0% year-over-year decrease as rising inventory helped shift the market toward more balanced conditions.

The condominium market also softened slightly, reflecting increased supply and cooling demand following several years of rapid growth.

2025 Residential Property Performance

Detached Homes

• Annual Average: Median detached home prices averaged approximately $792,100, remaining largely stable with only a 0.1% annual decline.

• Peak Period: Market activity was strongest during the spring months before moderating later in the year.

• Market Leader: Inner-city and southwest Calgary communities continued commanding premium prices due to proximity to downtown and established amenities.

Condominiums

• Annual Average: Approximately $260,800 across the Calgary region.

• Year-Over-Year Change: Condo prices declined about 2.8%, as rising inventory created more buyer choice.

• Market Trend: Apartments remained a key entry point for first-time buyers and investors seeking relatively affordable housing options.

Attached Homes (Townhomes/Semi-Detached)

• Average Price: Townhomes and row housing averaged roughly $450,000–$460,000, maintaining steady demand among move-up buyers.

• Demand Trend: Buyers increasingly turned to attached housing as affordability pressures limited detached home purchasing.

Market Dynamics & Forecasts

• Overall Market: 2025 marked a transition year, with slower sales activity and improved supply levels following an exceptionally strong previous cycle.

• Average Price: Overall residential values remained resilient despite softer demand conditions.

• Inventory: Inventory rose significantly throughout the year, helping reduce competitive bidding environments and creating more balanced negotiations between buyers and sellers.

• Neighborhood Hotspots: High-demand areas included Southwest Calgary, inner-city communities and transit-accessible suburban neighbourhoods. More affordable opportunities were typically found in northeast Calgary and newer outer communities.

• 2026 Outlook: Forecasts by the Calgary Real Estate Board anticipate modest price growth as population growth remains strong and borrowing conditions gradually improve.