Calgary Real Estate Market Update - Q2 2025
By Jessica Chan | July 2025
As we enter the second half of 2025, many buyers and sellers are asking: Where is Calgary’s housing market heading? After a relatively stable first quarter, the second quarter brought more noticeable signs of a slowdown across all property types.
In this Calgary real estate market update for Q2 2025, I’ll break down what’s happening with detached homes, townhouses, and condos—and what it could mean for you in the months ahead.
Economic Uncertainty Shaping the Market
The start of 2025 was marked by uncertainty—federal elections in Canada, global instability including conflict in the Middle East, and ongoing speculation around interest rates and the possibility of a Canadian recession.
While these factors didn’t significantly impact Q1, we’ve seen more visible effects in Q2, including declining real estate prices and increased inventory levels across the board.
Detached Homes (Single-Family)
The benchmark price for detached homes in Calgary is now $764,300, showing:
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A 0.4% decrease from the same period last year
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A 0.7% drop compared to Q1 2025
In June alone, there were 1,194 sales, but inventory rose to 3,107 active listings, which translates to 2.6 months of supply.
➡️ We’re expecting more price pressure this summer, particularly in newer communities with more active listings. However, popular neighbourhoods remain relatively stable.
Apartments (Condos)
Condos are currently facing the most downward pressure in the Calgary housing market.
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Benchmark price: $333,500
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Down 3.2% year-over-year
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Down 0.77% from Q1
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Inventory: 4.96 months of supply
➡️ With slower sales and rising inventory, the condo market is likely to see further price declines in the coming months.
Townhouses
Townhomes show similar trends to condos:
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Benchmark price: $450,300
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Down 3.1% year-over-year
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Down 0.8% from Q1
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Inventory: 3.3 months of supply
➡️ Sellers may need to adjust pricing to attract buyers, especially with more inventory on the market.
What to Expect in the Months Ahead
Looking into the second half of 2025, we anticipate a slower summer market, with the potential for a small rebound in the fall.
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Detached homes: Pricing should remain mostly stable, with some areas potentially facing up to a 3% drop—particularly in newer neighbourhoods with higher inventory.
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Apartments and townhouses: May face further declines of 5% or more, as inventory continues to outpace buyer demand.
Final Thoughts
While the Calgary real estate market is shifting, opportunities still exist—whether you're buying, selling, or investing. Strategic timing and a strong understanding of local trends are more important than ever.
If you have questions about your property or your plans, I’d be happy to chat and offer guidance.
Contact me anytime to schedule a consultation.
And don’t forget to like, share, and subscribe to my YouTube channel for regular updates!
Jessica Chan
Over 30 Years of Excellence in Calgary Real Estate
https://www.jcre.ca/
403-241-9800 | jessica@jessicachan.ca
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