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Wendy Dickinson Real Estate, Calgary, AB (2026)

07/06/2025

MARKET UPDATE | June 2025

Gains in resale supply mostly impact apartment and row style home prices

Inventory levels in June continued to rise, both over last month’s and last year’s levels. By the end of the month, inventory reached 6,941 units, returning to levels reported in 2021, or prior to the surge in population growth. While sales have remained consistent with long-term trends despite a decline from recent months, higher levels of new listings compared to sales have contributed to the inventory gain.

All property types have reported gains in inventory, but both row and apartment style homes reported inventory levels over 30 per cent higher than long-term trends, while supply for detached and semi-detached units are only slightly higher than typical levels.

“Supply has improved across rental, resale and new home markets, allowing for more choice for those considering their housing options,” said Ann-Marie Lurie, Chief Economist at CREB®. “The additional choice combined with no further declines in lending rates, persistent uncertainty and concerns of price adjustments is keeping many potential purchasers on the sidelines. This is weighing on home prices, especially for apartment and row style homes.”

The unadjusted benchmark price was $586,200 in June, lower than last month and over three per cent lower than last year. Much of the citywide decline was driven by apartment and row style homes, which are over three per cent lower than last year. Meanwhile, detached prices have remained relatively stable and semi-detached homes are still slightly higher than last year.

The steeper price declines for apartment and row style homes are reflective of those segments shifting toward a market that favours the buyer with nearly four months of supply. Meanwhile conditions are relatively balanced for detached and semi-detached homes. Overall conditions in Calgary have changed, but not enough to erase the significant growth in prices that have occurred over the past four years. Data referenced from CREB statistics City of Calgary.

Wendy Dickinson | Century 21 Bamber Realty Ltd.
📱403-835-5550
📧 [email protected]

06/23/2025

MARKET UPDATE | MAY 2025

Price adjustments mostly driven by apartment and row style homes

Thanks to steep pullbacks in the apartment condominium sector, total residential sales in Calgary eased by 17 per cent compared to May of last year. While the drop does seem significant, the 2,568 sales this month remain 11 per cent higher than long-term trends for May and improved over last month.

New listings continued to rise this month compared to sales, resulting in further gains in inventory levels. However, the monthly gain in both inventory and sales prevented any significant change in the months of supply compared to April. With 2.6 months of supply, conditions are still relatively balanced.

“Compared to last year, easing sales and rising inventories are consistent trends across many cities, as uncertainty continues to weigh on housing demand. However, prior to the economic uncertainty, Calgary was dealing with seller market conditions, and the recent pullbacks in sales and inventory have helped shift us toward balanced conditions taking the pressure off prices,” said Ann-Marie Lurie, Chief Economist at CREB®. “This is a different situation from some of the other larger cities, where their housing markets were struggling prior to the addition of economic uncertainty.”

Last year there was limited inventory across most property types and price ranges. Recent inventory gains are creating pockets of the market that are struggling with too much supply while in other areas supply levels are still low relative to the demand, resulting in divergent trends in home prices.

Both detached and semi-detached home prices have remained relatively stable this month and are still higher than last year’s levels. Meanwhile, row and apartment style homes have reported modest monthly price declines and May prices remain below last year’s levels, as improved new home and rental supply is weighing on resale prices. Overall, the total residential unadjusted benchmark price in Calgary was $589,900, slightly lower than last month and over two per cent below May 2024 levels.

Wendy Dickinson | Century 21 Bamber Realty Ltd.
📱403-835-5550
📧 [email protected]

05/12/2025

MARKET UPDATE | April 2025

Balanced conditions take pressure off prices

A boost in new listings this month relative to sales caused April inventories to rise to 5,876 units. Although this is more than double the number reported last year, last year’s supply was exceptionally low, and current inventory levels are consistent with what we typically see in April. April sales reached 2,236 units—22 per cent below last year’s levels but in line with long-term trends.

“Economic uncertainty has weighed on home sales in our market, but levels are still outpacing activity reported during the challenging economic climate experienced prior to the pandemic,” said Ann-Marie Lurie, Chief Economist at CREB®. “This, in part, is related to our market’s situation before the recent shocks. Previous gains in migration, relatively stable employment levels, lower lending rates, and better supply choice compared to last year’s ultra-low levels have likely prevented a more significant pullback in sales and have kept home prices relatively stable.”

The rise in inventory levels helped the market shift to balanced conditions with nearly three months of supply. However, conditions vary depending on price range and property type. Lower-priced detached and semi-detached properties continue to struggle with insufficient supply, while row and apartment-style homes are seeing more broad-based shifts to balanced conditions.

The additional supply has helped relieve the pressure on home prices following the steep gains reported over the past several years. Benchmark prices for each property type have remained relatively stable compared to last month. However, compared to last year, detached and semi-detached prices are over two per cent higher than last year’s levels, while apartment and row-style home prices have remained relatively unchanged.

The market is evolving, but demand is still high - especially for houses and townhomes. Consider considering buying or selling? Let’s connect! ☎️

Wendy Dickinson | Century 21 Bamber Realty Ltd.
📱403-835-5550
📧 [email protected]

04/03/2025

MARKET UPDATE | March 2025

Uncertainty weighing on housing market

Ongoing economic uncertainty, driven by tariff threats, has weighed on consumer confidence and impacted housing activity in March. Sales declined by 19 per cent year-over-year, totaling 2,159 units. Sales slowed across all property types, with the steepest declines seen in higher-density segments.

“It is not a surprise to see a pullback in sales given the uncertainty,” said Ann-Marie Lurie, Chief Economist at CREB®. “However, it is important to note that sales still remain stronger than anything reported throughout 2015 to 2020, where our economy faced significant economic challenges and job loss. Nonetheless, easing demand has been met with gains in new listings and rising inventories, helping our market shift back toward balanced conditions, following four consecutive years where the market favoured the seller.”

March reported over 4,000 new listings, causing the sales-to-new-listing ratio to drop to 54 per cent, low enough to support further inventory gains. Total residential inventory levels reached 5,154 units, and the months of supply pushed up to 2.4 months. While this is a significant change from last year, with limited supply options across all property types and price ranges, conditions reflect a better balance between a seller and a buyer today. However, the market significantly varies depending on location, price point, and property type.

Improving supply has taken the pressure off home prices following the steep gains reported over the previous four years. In March, the unadjusted residential benchmark price reached $592,500, relatively stable compared to both last month and prices reported last March. Both detached and semi-detached prices remain consistent with peak prices and continue to rise, while apartment and row-style homes continue to report prices slightly lower than last year’s peak.

The market is evolving, but demand is still high - especially for houses and townhomes. Considering buying or selling? Let’s connect! ☎️

Wendy Dickinson | Century 21 Bamber Realty Ltd.
📱403-835-5550
📧 [email protected]

03/06/2025

MARKET UPDATE | February 2025

Sales remain above long-term trends despite declines

Inventory levels saw substantial year-over-year growth for the second month in a row, rising by 76 per cent to 4,145 units in February. While inventory increases were seen across all price ranges, the largest increases were in homes priced under $500,000.

The increase was driven by substantial growth in the more affordable apartment and row/townhouse sectors. The overall months of supply was 2.4 in February, similar to last month but more than double this time last year. Apartment-style units remained the most well-supplied at 3.1 months.

There were 1,721 sales in February, which was above historical averages for the month but 19 per cent lower than levels seen last year and significantly lower than the record levels seen in the post-pandemic period. New Listings in February reached 2,830, roughly in line with historical averages for the month. The sales-to-new listings ratio for the month was 61 per cent, higher than historical averages but below levels seen in each of the last three years.

“Even though more people listed their homes for sale, there were actually fewer sales than in February 2024. So, we’re seeing the seller’s market of the past two or three years ease off,” said Alan Tennant, President and CEO of CREB®. “In turn, that’s caused the pace at which prices are increasing to slow down a bit, which should come as welcome news for buyers.”

The total residential unadjusted benchmark price in February was $587,600, relatively stable compared to late-2024 and roughly one per cent higher year-over-year. Price changes varied across the city, with the City Centre and North districts seeing declines, while the East district saw the largest price growth at over three per cent. Data referenced from CREB City of Calgary.

The market is evolving, but demand is still high - especially for houses and townhomes. Consider considering buying or selling? Let’s connect! ☎️

Wendy Dickinson | Century 21 Bamber Realty Ltd.
📱403-835-5550
📧 [email protected]

02/24/2025

I just returned from an incredible trip to Mexico City, and a cute little surf town along the pacific coast called Puerto Escondido.

I’m still in awe of its rich culture and stunning architecture. From world-class museums to beautifully preserved historic homes, every street is a work of art. I was especially drawn to the bold use of concrete in many homes and hotels, creating a sleek and sculptural feel. And of course, I couldn’t resist capturing some of the incredible doors and facades like the weirdo that I am. Each one telling its own unique story in time. Most of my shots were captured at night, strolling thru the neighborhoods in search of food 🌯

Do you notice doors and architectural details when you travel? Would you ever live in a concrete home, or do you prefer a more traditional style?

Wendy Dickinson | Century 21 Bamber Realty Ltd.
📱403-835-5550
📧 [email protected]

02/11/2025

MARKET UPDATE | January 2025

Supply levels improve in January

Following three consecutive years of limited supply choice, inventory levels in January rose to 3,639 units. While the 70 per cent year-over-year gain is significant, inventory levels remain lower than the over 4,000 units we would typically see in January. Inventories rose across all property types, with some of the largest gains driven by apartment-style condominiums.

“Supply levels are expected to improve this year, contributing to more balanced conditions and slower price growth,” said Ann-Marie Lurie, Chief Economist at CREB®. “However, the adjustment in supply is not equal amongst all property types. Compared with sales, we continue to see persistently tight conditions for detached, semi-detached and row properties while apartment condominiums show signs of excess supply for higher priced units.”

Citywide, the months of supply reached 2.5 months in January, an improvement over the one month of supply reported last year, but it is still considered low for a winter month. The month of supply ranged from under two months for semi-detached properties to 3.5 months for apartment-style units.

Rising supply resulted from a boost in new listings compared to sales. New listings rose to 2,896 units in January, compared to 1,451 sales. Sales in January were down by 12 per cent compared to last year. However, even with a pullback in sales, levels remained nearly 30 per cent higher than levels typically recorded in January.

The total residential benchmark price in January was $583,000, which is relatively stable compared to levels reported at the end of last year and nearly three per cent higher than last January. Price growth ranged across districts within the city as well as property types.

The market is evolving, but demand is still high—especially for houses and townhomes. Considering buying or selling? Let’s connect! ☎️

02/04/2025

CREB recently unveiled their 2025 market forecast for the Calgary area and region yearly outlook report.

The 2025 report highlights how easing lending rates, improved supply, and continued population and employment gains are shaping Calgary’s housing market. However, factors like slowing migration, increased competition from new home construction, and heightened economic uncertainty are expected to moderate growth in resale activity.

According to Chief Economist Ann-Marie Lurie, “In 2025, housing demand is expected to remain strong, with sales forecasted to exceed 26,000 units—over 20 per cent higher than long-term trends. While we anticipate stable sales levels overall, market dynamics will shift as rental rate adjustments and supply improvements influence different segments of the housing market.”

The report also predicts that Calgary’s housing market will transition toward balanced conditions, with price growth moderating to an expected annual gain of three per cent. Variations in price growth are anticipated across market segments, as competition from new homes is expected to impact some sectors of the resale market.

Lurie adds, “While the market is expected to be more balanced than in recent years, significant economic risks—such as potential tariffs—could impact activity. These risks will be crucial to watch as we navigate through 2025

For a copy of the full report, DM me and I will be in touch!

Wendy Dickinson | Century 21 Bamber Realty Ltd.
📱403-835-5550
📧 [email protected]

01/09/2025

MARKET REPORT | December 2024

2024 marks another strong year for sales and price growth

The year ended with 1,322 sales in December, a three per cent decline over last year, but nearly 20 per cent higher than long-term trends. Overall sales in 2024 were just shy of last year’s levels, as gains for higher-priced homes offset pullbacks in the lower price ranges caused by supply challenges.

“Population gains over the past several years have supported sales activity that has outperformed long-term trends. In 2024, sales would likely have been higher if there was more supply choice, especially in the lower price ranges,” said Ann-Marie Lurie, Chief Economist at CREB®. “That being said, we did start to see shifts occurring in the market in the second half of the year as supply levels started to improve for higher priced homes.”

As of December, there were 2,989 units available in inventory, still below long-term trends for the month but a significant improvement over the lower levels reported last December and levels reported early this year. Improved rental choice and significant gains in new home activity helped boost new listings in the resale market, driving higher inventories in the year’s second half.

While conditions vary depending on price range and property type, more housing options have helped to take some of the pressure off home prices, which stabilized in the second half of the year following steep gains in the spring. Overall, on an annual basis, total residential benchmark prices improved by over seven per cent.

As we move into 2025, supply will continue to be a dominant theme. However, how they impact prices will ultimately depend on the type of supply being added and how demand holds up in the face of a changing economic climate. On January 21, CREB® will release its forecast report, highlighting the expectations and risks facing the market in the coming year. Data referenced from CREB statistics City of Calgary.

Wendy Dickinson | Century 21 Bamber Realty Ltd.
📱403-835-5550
📧 [email protected]

12/11/2024

MARKET REPORT | November 2024

Supply on the rise, but not across all price ranges

As we transition into winter, Calgary’s housing market is following typical seasonal trends, with activity slowing compared to the fall. However, year-over-year demand remains relatively strong. In November, increased sales in detached, semi-detached, and row homes offset a decline in apartment condominium sales. The 1,797 sales for November mirrored last year’s levels and remained 20 per cent above long-term trends for the month.

The significant shift lies in supply. Inventory levels rose to 4,352 units in November, a notable increase from the 3,000 units reported last year. Despite the recent gains, inventory levels remain below long-term trends for the month.

“Housing supply has been a challenge over the past several years due to the sudden rise in population,” said Ann-Marie Lurie, Chief Economist at CREB®. “Rising new home construction has bolstered supply in rental, new home and resales ownership markets. However, supply improvements vary significantly by location, price range, and property type.”

The months of supply have increased to over two months, representing a shift away from the extremely low levels seen earlier this year and in the past three Novembers, which reported under two months of supply. While these more balanced conditions are promising for potential buyers, many market segments still favour sellers.

Improved supply options have tempered the pace of price growth. Year-over-year gains range from nearly seven per cent for row homes to nine per cent for apartment-style units. The total residential benchmark price reached $587,900, reflecting a year-over-year increase of just under four per cent. This slower growth reflects a shift toward more affordable row and apartment-style units. Seasonally adjusted prices have remained stable over the past four months despite unadjusted prices trending down in line with seasonal patterns. *Data referenced from CREB statistics City of Calgary.

Wendy Dickinson | Century 21 Bamber Realty Ltd.
📱403-835-5550
📧 [email protected]

12/10/2024

Fireplaces: A Must-Have for a Cozy Home 🔥

Fireplaces are one of my favorite features in a home—they add warmth, charm, and a timeless ambiance. When I visited Kylemore Abbey in Ireland in 2019, I was captivated by its stunning Italian marble fireplaces. The Abbey has an impressive 33 fireplaces in total!! Built in the 1860s by Mitchell Henry, this Victorian masterpiece was designed to showcase elegance and comfort, with the fireplaces serving as both functional and decorative highlights.

While historic fireplaces like those at Kylemore Abbey were wood-burning, today’s homeowners often choose gas fireplaces for convenience. No matter your preference, keeping your fireplace safe and efficient requires regular maintenance. Here’s what every homeowner should know:

Fireplace Maintenance 101:

1️⃣ Annual Inspections Are Key: Wood-burning fireplaces should be inspected and swept annually by a certified chimney sweep to remove soot and creosote, which are major fire hazards. For gas fireplaces, have a professional inspect the gas line, pilot light, and venting system yearly.

2️⃣ Check the Chimney: If you have a wood-burning fireplace, make sure your chimney has a cap to prevent debris, animals, and water from entering. Gas fireplaces need to vent properly to avoid dangerous carbon monoxide buildup.

3️⃣ Keep It Clean: Regularly clean the firebox to remove ash and debris, and wipe down the glass doors or screens on gas units to keep them clear.

4️⃣ Test Your Detectors: Working smoke and carbon monoxide detectors are non-negotiable, especially when using your fireplace frequently. Test them monthly and replace batteries as needed.

5️⃣ Know When to Call a Pro: If you notice unusual smells, excessive soot, or issues with starting your gas fireplace, call a professional. For wood-burning fireplaces, be alert for signs of structural damage in the chimney.

Fireplaces, whether historic and ornate or sleek and modern, are truly the heart of a home. Kylemore Abbey’s timeless fireplaces remind us of their enduring beauty and importance in a home’s design.

11/04/2024

MARKET REPORT | October 2024

Supply levels improving for higher-priced homes

Sales gains for homes priced above $600,000 offset declines at the lower end of the market, resulting in October sales that were similar to last year. The 2,174 sales in October increased over September and stood 24 per cent above long-term trends for the month.

“Housing demand has stayed relatively strong in our market as we move into the fourth quarter, with October sales rising over last month,” said Ann-Marie Lurie, Chief Economist at CREB®. “However, activity would likely have been stronger if more supply choices existed for lower-priced homes. Supply levels in our market are improving relative to the ultra-low levels experienced last year, but much of the gains have been driven by higher-priced units for each property type. This results in conditions far more balanced in the upper end of the market versus the seller’s market conditions in the lower to mid-price ranges of each property type.”

The gains in new listings relative to sales over the past six months have supported inventory gains in the city. As of October, 4,966 units were available, a significant improvement over the near-record low of 3,205 units reported last October. While inventories are starting to reach levels more consistent with long-term trends, the inventory composition has changed as nearly half of all the residential inventory is now priced above $600,000.

Adjustments in supply are helping move the market away from the tight market conditions experienced in the spring. However, conditions remain relatively tight, with 2.3 months of supply and a 67 per cent sales-to-new listings ratio, and the months of supply does vary significantly by price range and property type. For example, detached homes priced below $700,000 are reporting less than two months of supply, while homes priced over $1,000,000 are reporting over three months of supply. This is likely resulting in different price pressures depending on price range and property type. *Continued in comments*

Wendy Dickinson | Century 21 Bamber Realty Ltd.
📱403-835-5550
📧 [email protected]

Wendy Dickinson Real Estate

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