Real Estate Market Report | Calgary | October 2025
Demand Softens, Market Shifts
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October 2025 Calgary Real Estate Market Trends
Calgary’s market continued to shift in September, with new listings up 17% and inventory climbing 36%, marking the fifth straight month of supply gains. Sales dropped 16%, pushing months of supply to 56% — a clear sign of softening demand. Despite this, the benchmark price edged up 0.43% to $567,900, signaling resilience overall. However, year-over-year prices are down 1.16%, the first annual decline in nearly two years. While still active, Calgary is gradually cooling as buyers gain more choice and sellers face growing competition.
Calgary's Detached Homes
Detached homes remain the benchmark of Calgary’s market, but signs of strain are evident. Sales fell 17%, while new listings increased 17%, creating more room for buyers. Inventory rose 35%, bringing months of supply to 57%, the highest level in over a year. Despite the pressure, benchmark prices held relatively firm, rising 0.12% month-over-month to $680,400, though they’re now down 4.63% year-over-year. Sellers in this category still benefit from strong fundamentals, but momentum is clearly slowing as demand levels off.
Calgary's Apartments
Apartments are bucking Calgary’s overall slowdown. Despite sales falling 17% and a 13% rise in new listings, this segment posted the strongest pricing momentum of all. Benchmark prices jumped 4.77% in a single month to $329,400, pushing them slightly above last year (+0.20%). Inventory rose 31%, and months of supply hit 45%, still manageable compared to other segments. Demand from first-time buyers and investors remains solid. If this trend holds, apartments could become the stabilizing force in Calgary’s real estate market this fall.
Calgary's Attached Homes
The attached segment saw sales drop 12%, while new listings surged 20% and inventory climbed 46%, boosting months of supply to 62%. Yet prices remained stable: benchmark price rose 0.12% to $450,200, with a slight year-over-year increase of 0.17%. These units remain attractive to buyers seeking more space than condos but better affordability than detached homes. The segment is showing early signs of rebalancing but hasn’t tipped significantly in favour of either buyers or sellers. Price growth is muted, but stability remains the theme.
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