08/06/2025
✨Inventory Hits Pre-Pandemic Highs as Market Shifts ✨
Driven largely by growth in Calgary’s newer communities, July’s inventory surged to 6,917 units—levels not seen since before the pandemic and well above long-term trends. Supply has improved across every property type and district, but the biggest gains are concentrated in areas with active new community development.
This influx of listings is starting to cool prices in certain pockets of the city. Calgary’s total residential benchmark price has been trending down for several months and now sits four per cent below the June 2024 peak. “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 drops have been in apartment and row homes—particularly in the North East and North—mirroring where supply growth has been most significant.
In July, sales slowed to 2,099 units, down 12 per cent year-over-year, while new listings climbed to 3,911—an increase of more than eight per cent. Economic uncertainty from tariffs, a pause in lending rate reductions, and heightened competition from the new home sector all weighed on activity. Inventory is highest for apartment-style homes at over four months of supply, while detached and semi-detached segments remain more balanced at roughly three months.
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