City of Calgary Overview

• Sales Activity: 2,286 homes sold — a 16% decline from June 2024 — but still 18% above long-term trends

• New Listings & Inventory: 4,223 new listings were added, lifting active listings to 6,941 homes, an 83% year-over-year increase .

• Months of Supply: Rose to 3.04 months, reflecting more balanced market conditions

• Benchmark Price: $586,200 — down 4% from last year, and softer than last month’s level

Property-Type Snapshot :

Surrounding Areas

From CREB’s Regional Stats Package

• Airdrie:

  • Sales: 164 units

  • Benchmark: $538,300 (+2.9% YoY), 518 active listings, 3.16 months of supply.

• Cochrane:

  • Sales: 101 units

  • Benchmark: $593,700 (+4.0% YoY), inventory 299, 2.96 months supply.

• Chestermere:

  • Sales: 57 units

  • Benchmark: $715,600 (+3.0% YoY), inventory 248, 4.35 months supply.

• Okotoks:

  • Benchmark: $632,800, inventory 128, 1.47 months supply.

• Strathmore:

  • Benchmark: $442,800 (+2.9% YoY), inventory 86, 4.30 months supply.

• Langdon isn’t specifically detailed in the regional summary.

✅ Conclusion

• Inventory is now at record highs across Calgary and surrounding markets — +83% in the city, and 2–4+ months of supply in many communities

• Sales volume is normalizing, moving from elevated pandemic-era peaks into the mid–2,000s range — still above historical norms .

• Benchmark prices have eased slightly, especially in the apartment/row home sectors, reflecting the growing inventory and more buyer-friendly conditions

• Detached and semi-detached homes remain relatively firm, supported by tighter supply .

📌 What This Means

• Buyers: Enjoy more choice and better negotiating power, particularly in multi-family segments.

• Sellers: Need realistic pricing and strong presentation strategies, especially in areas with higher months of supply.

• Investors: Watch for stabilized pricing and opportunity in higher-supply pockets like apartments and row homes.

Calgary Housing Market Overview

• Sales Activity: Calgary recorded 2,568 home sales in May 2025, a 17% decrease compared to May 2024. Despite this decline, sales remained 11% above long-term trends. creb.com

• New Listings and Inventory: New listings rose to 4,842 units, leading to an inventory of 6,740 units, a 137% increase year-over-year. The months of supply increased to 2.62, indicating a move toward balanced market conditions. creb.com

• Benchmark Prices: The unadjusted residential benchmark price was $589,900, a slight decrease from the previous month and over 2% below May 2024 levels. Detached and semi-detached homes maintained consistent prices, while apartment and row-style homes experienced modest monthly price declines. creb.com

Regional Market Insights

• Airdrie:

  • Benchmark Price: $537,200, a 4% year-over-year increase.

• Cochrane:

  • Benchmark Price: $548,900, a 6% year-over-year increase.

• Okotoks:

  • Benchmark Price: $582,100, a 4% year-over-year increase.

• Chestermere:

  • Benchmark Price: $727,200, a 2% year-over-year increase.

• Langdon (Rocky View Region):

  • Benchmark Price: $693,300, a 5% year-over-year increase.

• Strathmore (Wheatland Region):

  • Benchmark Price: $479,800, a 7% year-over-year increase.

Conclusion

May 2025 marked a significant shift toward more balanced market conditions in Calgary and its surrounding areas. The substantial increase in inventory levels has provided buyers with more options, easing the competitive pressure seen in previous months. While sales have declined compared to the previous year, they remain consistent with long-term trends, indicating a healthy market adjustment. Benchmark prices have stabilized, reflecting a market that is adjusting to changing economic conditions. Both buyers and sellers should stay informed about local market trends to make strategic decisions in this evolving landscape.

For more detailed information, you can refer to the full CREB® May 2025 reports:

• City of Calgary Monthly Statistics

• Regional Monthly Statistics

🏡 How First-Time Buyers Can Get Their 5% GST Back on New Homes in Canada

If you recently purchased a newly built home in Canada as a first-time buyer, there’s great news you might not be aware of — you may be eligible to get the full 5% GST back on your purchase. That’s potentially thousands of dollars in savings sitting on the table!

💸 What Is the 5% GST Refund for First-Time Buyers?

As part of the federal government’s effort to make housing more affordable, the Goods and Services Tax (GST) has been eliminated for first-time homebuyers purchasing newly built or substantially renovated homes priced at or below $1 million — provided it will be their primary residence.

If you already bought a new home recently, this change may apply to you, and you could qualify for a refund on the GST you paid at closing.

✅ Who Qualifies?

To be eligible for the refund:

• You must be a first-time homebuyer

• The home must be newly built or substantially renovated

• The purchase price must be $1 million or less

• You must intend to live in the home as your primary residence

This applies whether the home is a detached house, townhouse, condo, or even a pre-construction property that has recently closed.

🧾 How Much Can You Get Back?

The GST in Canada is 5% of the purchase price. That means on a $600,000 home, you could be entitled to a $30,000 refund — and even more if the price is closer to the $1 million cap.

📌 How to Apply

The refund isn’t automatic — you must apply for it. The process involves submitting the appropriate form through the Canada Revenue Agency (CRA), along with documents such as your purchase agreement and proof of residency.

If you need help or want to check your eligibility, send me a message and I’ll provide you with:

• The application link

• Step-by-step instructions

• Support to make sure you don’t miss out

🎯 Why This Matters

This refund is a huge win for first-time buyers who may be stretching their budgets just to get into the market. If you’ve already bought and moved in, don’t overlook this opportunity to put money back in your pocket.

📬 Want Help Claiming Your Refund?

If you think you qualify, or just want to make sure, reach out today and I’ll help you determine your eligibility and guide you through the process.

• Sales Activity: Calgary recorded 2,236 home sales in April 2025, a 22% decrease compared to April 2024. Despite this decline, sales remained in line with long-term trends.CREB® Resources+1CREB® Resources+1

• New Listings and Inventory: New listings rose to 4,038 units, a 15.7% increase year-over-year, leading to an inventory of 5,867 units, more than double the levels reported last year. The months of supply increased to 2.62, indicating a move toward balanced market conditions.

• Benchmark Prices: The unadjusted residential benchmark price was $591,100, a slight decrease from the previous month but relatively stable compared to April 2024. Detached and semi-detached homes maintained consistent prices, while apartment and row-style homes experienced slight declines from last year's peak.

Regional Market Insights:

• Airdrie:

  • Sales: 185 units.

  • Benchmark Price: $544,700, relatively unchanged from last year.

  • Inventory: 433 units with 2.34 months of supply.

• Cochrane:

  • Sales: 94 units.

  • Benchmark Price: $592,000, nearly 6% higher than the previous year and at a record high.

  • Inventory: 246 units with 2.62 months of supply.

• Okotoks:

  • Sales: 56 units.

  • Benchmark Price: $627,100, nearly 2% higher than last April.

  • Inventory: 127 units with 2.27 months of supply.

• Chestermere:

  • Sales: 62 units.

  • Benchmark Price: $705,900.

  • Inventory: 237 units with 3.82 months of supply.

• Langdon (Rocky View Region):

  • Sales: 162 units.

  • Benchmark Price: $658,000.

  • Inventory: 495 units with 3.06 months of supply.

• Strathmore (Wheatland Region):

  • Sales: 46 units.

  • Benchmark Price: $461,700.

  • Inventory: 117 units with 2.54 months of supply.

Conclusion:

April 2025 marked a transition toward more balanced market conditions in Calgary and surrounding areas. Increased new listings and inventory levels have eased the competitive pressure on buyers, leading to a stabilization of home prices. While sales have declined compared to the previous year, they remain consistent with long-term trends, indicating a healthy market adjustment. Buyers now have more options, and sellers may need to adjust expectations as the market continues to balance.

For more detailed information, you can refer to the full CREB® April 2025 reports:

• City of Calgary Monthly Statistics

• Regional Monthly Statistics

Welcome to this stunning two-story home in the highly sought-after community of Copperfield, now making its first appearance on the market! This impeccably maintained property features three spacious bedrooms, including two luxurious primary suites with ensuite bathrooms and walk in closets, providing comfort and privacy for everyone. The fully finished basement offers unparalleled versatility, featuring a third bedroom and a well-appointed three-piece bathroom—ideal for guests or family activities. You'll love the large, cozy living room, which creates the perfect atmosphere for relaxation and entertaining. Step outside to discover a beautifully landscaped, low-maintenance backyard that has been thoughtfully designed with a spacious deck and a charming interlocking brick patio—perfect for hosting gatherings or enjoying peaceful evenings outdoors. Located on a quiet street with great neighbours, this home is conveniently situated close to schools, shopping, transit, and the South Health Campus. Don’t miss out on this incredible opportunity to own a piece of Copperfield paradise!

​March 2025 saw significant shifts in Calgary’s real estate market, with declining sales but rising inventory levels, signaling a move toward more balanced market conditions. The surrounding areas, including Airdrie, Chestermere, Cochrane, Okotoks, Strathmore, and Langdon, continued to experience price growth despite varying sales trends.

Calgary Housing Market Overview:

• Sales Activity: Calgary recorded 1,720 home sales, a 19% decline from March 2024, though sales remained above historical averages.

• New Listings and Inventory: New listings increased by 4% year-over-year to 2,832 units, pushing total inventory to 4,187 units, a 75% rise from last year. This led to 2.4 months of supply, indicating a shift away from extreme seller’s market conditions.

• Benchmark Prices: The unadjusted residential benchmark price rose to $587,600, a 0.93% increase from March 2024. While detached and semi-detached home prices remained stable, apartment and row-style homes saw slight declines.

Regional Market Insights:

• Airdrie:

  • Sales: 160 units in March 2025.

  • Benchmark Price: $544,900 (5.5% YoY increase).

• Cochrane:

  • Benchmark Price: $686,800 (5.5% YoY increase).

• Okotoks:

  • Benchmark Price: $715,500 (5.2% YoY increase).

• Chestermere:

  • Benchmark Price: $818,100 (4.4% YoY increase).

• Strathmore:

  • Benchmark Price: $568,600 (7.1% YoY increase).

• Langdon:

  • Data not explicitly available in the CREB® report.

Conclusion:

Despite a decline in sales across Calgary and its surrounding areas, home prices have continued to increase, driven by limited supply in certain markets. With rising inventory levels, buyers are seeing more options, while sellers may need to adjust expectations. Market conditions appear to be shifting from an extreme seller’s market toward a more balanced environment, particularly for higher-density housing segments.

For those considering buying or selling, staying informed about inventory trends, pricing shifts, and interest rates will be crucial in navigating the evolving real estate landscape.

Bank of Canada Reduces Policy Interest Rate Amid Escalating Trade Tensions

On March 12, 2025, the Bank of Canada (BoC) announced a 25 basis point reduction in its target for the overnight rate, bringing it down to 2.75%. This decision marks the seventh consecutive rate cut and comes in response to escalating trade tensions with the United States, notably the recent U.S. tariffs on Canadian steel and aluminum exports.

Rationale Behind the Rate Cut

The BoC's decision is primarily driven by concerns that the ongoing trade dispute could hinder Canada's economic growth, elevate inflation, and increase unemployment rates. The uncertainty stemming from these trade tensions has already led to a decline in consumer and business confidence, with sectors such as manufacturing and discretionary consumer spending adjusting their sales forecasts and pricing strategies accordingly.

Implications for Borrowing and the Economy

The reduction in the policy rate is intended to make borrowing more affordable for both consumers and businesses. Lower interest rates typically lead to reduced costs for mortgages, personal loans, and business financing, which can stimulate economic activity by encouraging spending and investment.

Bank of Canada's Cautious Stance

Despite the rate cut, the BoC remains cautious about future monetary policy adjustments. Governor Tiff Macklem emphasized that while the central bank is committed to supporting the economy, there are limitations to what monetary policy can achieve in counteracting the adverse effects of a trade war. The BoC will closely monitor economic indicators, including inflation trends and employment data, to assess the necessity of further rate adjustments.

Market Reactions

Following the BoC's announcement, the Canadian dollar experienced a modest appreciation against the U.S. dollar, reflecting a balanced policy statement that did not strongly signal additional immediate rate cuts. Additionally, the Canadian government has announced retaliatory tariffs on U.S. imports valued at approximately CAD 29.8 billion, further intensifying the trade dispute.

Looking Ahead

The BoC's next scheduled interest rate announcement is set for April 16, 2025. In the interim, the central bank will continue to evaluate the economic landscape, particularly the evolving trade relations with the United States, to determine appropriate monetary policy actions.