RE/MAX Complete Realty

Real Estate
NEWSLETTER

Peter Kusch

Tel.: 403-990-7990 

 January 2026

THE 2025 MARKET RETURNED TO A BALANCED CONDITION

After several years of strong growth, 2025 marked a transition as rising supply and easing demand shifted the resale market to more balanced conditions. Sales fell 16% to 22,751 units, in line with long-term trends, while new listings rose 9% to over 40,000, boosting inventory. Higher-than-expected supply—especially for apartments and row homes—offset price gains in detached and semi-detached homes. Overall, the average benchmark price fell 2% to $577,492, with gains in detached (+1%) and semi-detached (+3%) homes, and declines in apartments (-3%) and row homes (-2%).

Detached

Semi-detached homes made up under 10% of sales. In 2025, sales fell 8% to 2,159 but remained slightly above long-term trends. The segment was slower to reach balanced conditions, supporting stronger price growth. The average benchmark price rose nearly 3% to $685,850, with declines in the North offset by a 4% gain in the City Centre.

Semi-Detached

Semi-detached homes made up under 10% of sales. In 2025, sales fell 8% to 2,159 but remained slightly above long-term trends. The segment was slower to reach balanced conditions, supporting stronger price growth. The average benchmark price rose nearly 3% to $685,850, with declines in the North offset by a 4% gain in the City Centre.

Row

Sales fell 17% in 2025 to 3,838 but remained above long-term trends as row homes gained market share. Rising listings boosted inventory, easing price pressure and shifting conditions to balanced or buyer’s markets by year-end. The average benchmark price fell 2%, with stability in most districts but 4% declines in the North East and North due to added supply and new-home competition.

Apartment

Apartment-style homes saw the largest price adjustment in 2025. Sales fell 28% from last year’s near-record levels but remained well above long-term trends. Increased supply—driven by rising apartment starts and added rental competition—shifted resale condos to a buyer’s market by mid-year, putting sustained pressure on prices. The average benchmark price declined nearly 3%, with the steepest drop (almost 5%) in the North East, while the West remained relatively stable.



 The average number of days on the market (Calgary Metro)



Average days on the market in 

December 2025

Average days on the market in 

December 2024


Detached  


5243


Apartment


5748


Semi-detached


5441


Row


5040


Median price (Calgary Metro)



Median price in  

December 2025

Median price in

December 2024

Percentage change


Detached


$675,000

$685,000

-1%


Apartment


$289,500

$315,000

-8%


Semi-detached


$586,600

$580,000

+1%


Row



$410,000


$440,000


-7%


The median price is where half sell for more and half for less.



Months of supply (Calgary Metro)

January 20232.04
February 20231.58
March 20231.33
April 20231.20
May 20231.03
June 20231.10
July 20231.32
August 20231.19
September 20231.38
October 20231.47
November 20231.67
December 20231.34
January 20241.30
February 20241.10
March 20240.95
April 20240.94
May 20241.10
June 20241.38
July 20241.75
August 20242.05
September 20242.53
October 20242.28
November 20242.42
December 20242.26
January 20252.51
February 20252.41
March 20252.39
April 20252.62
May 20252.62
June 20253.04
July 20253.30
August 20253.35
September 20254.02
October 20253.43
November 20253.59
December3.43


Source: Calgary Real Estate Board
Calgary Metro-within Calgary City Limits

Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.