06/09/2025
Calgary Real Estate Market News - June 2025
As we enter June 2025, the Calgary and surrounding areas real estate market is exhibiting signs of stabilization. Increased inventory levels and moderated price growth are creating a more balanced environment for buyers and sellers alike. Below is a comprehensive analysis of the current market conditions, along with strategic advice for buyers and sellers.
Calgary Market Overview
Sales Activity: In May, Calgary recorded 2,568 home sales, a 17% decrease compared to the same period last year. Despite this decline, sales remain 11% above the city's long-term average for May.
Inventory Levels: Active listings have risen to 6,740 units, nearly double the inventory from a year ago, contributing to a more balanced market.
Benchmark Price: The benchmark price for residential properties in Calgary stood at $589,900 in May, reflecting a 2.5% decrease year-over-year.
Property Type Breakdown
Detached Homes: The benchmark price for detached homes was $769,400 in May, marking a 1% increase from the previous year.
Semi-Detached Homes: Semi-detached homes saw a benchmark price of $697,300, up 2.9% year-over-year.
Row/Townhouses: The benchmark price for row houses declined to $453,600, a 1.9% decrease compared to May 2024.
Apartment Condominiums: Apartment condos experienced a benchmark price of $335,300, down 1.5% year-over-year.
Regional Highlights
Airdrie: Sales in Airdrie totaled 193 units in May, with a benchmark price of $540,600, reflecting a 2% decrease from the previous year.
Cochrane: Cochrane reported 108 sales in May, with a benchmark price of $589,400, up nearly 4% year-over-year.
Okotoks: Okotoks saw 95 sales in May, and the benchmark price reached $633,900, a 2% increase compared to May 2024.
Strathmore: Strathmore's real estate market experienced a 1.8% year-over-year increase in the detached home benchmark price, reaching $564,800.
Advice for Buyers
Act Promptly: With inventory levels increasing, buyers have more options, but desirable properties are still moving quickly.
Explore Surrounding Areas: Consider looking into neighboring communities like Airdrie, Cochrane, and Okotoks for additional opportunities.
Stay Informed: Keep abreast of market trends and interest rate changes to make well-informed purchasing decisions.
Advice for Sellers
Price Competitively: With more listings on the market, setting a competitive price is crucial to attract buyers.
Enhance Property Appeal: Invest in minor renovations and staging to make your property stand out.
Be Flexible: Accommodate showings and be open to negotiations to expedite the selling process.
Mortgage Marketplace Update - From Mortgage Connection
As we move into peak market season, mortgage rates are holding—but barely. Between bond market volatility and changing lender sentiment, clients are facing new urgency. This month’s update brings you the latest insights and strategies to keep your deals moving forward.
Rate Snapshot:
5-Year Fixed (Insured): 4.24%
5-Year Variable (Insured): 4.30%
Prime Rate: 4.95%
Bank of Canada: 2.75% - No change
We’re seeing significant rate movement—especially in fixed rates. Offers near 4% are appearing and disappearing rapidly as lenders adjust to bond market swings.
If you’d like more specific data on the community you live in, or to see what your home could sell for today, please don’t hesitate to reach out.
Thank you!
Casey