🏡 Calgary & Area Housing Market Report — November 2025
Posted: December 1, 2025
November brought another month of shifting conditions across the Calgary real estate market. Higher inventory levels, softer sales activity, and year-over-year price adjustments continue to signal a transition toward more balanced conditions — especially in the multi-family segments. Detached homes remain the most stable category, though performance varies across districts.
Below is a breakdown of what happened across Calgary and surrounding communities in November 2025.
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📊 Calgary Market Overview
The pace of sales eased again in November, with 1,553 residential transactions, marking a 13% year-over-year decline. At the same time, 2,251 new listings came to market, pushing overall inventory up to 5,581 active listings — nearly 28% higher than last year.
With more supply and slower demand, the months of supply rose to 3.6, the highest level for November in several years. This shift has taken some pressure off prices city-wide.
Total Residential Benchmark Price: $559,000
While this is down from the peak earlier in the year, long-term values remain resilient, supported mostly by detached and semi-detached activity.
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🏠 Detached Homes
Detached properties continue to lead Calgary’s housing market in stability, though supply gains are softening price growth across certain districts.
Key Numbers – Detached (Calgary)
*Sales:** 823 (↓ 4.5% YoY)
*New Listings:** 1,255
*Inventory:** 2,444
*Months of Supply:** ~3.0
*Benchmark Price:** $733,000 (↓ ~2.1% YoY)
### District-Level Performance – Detached
Some areas are seeing notable resilience, while others face downward adjustments tied to new construction and higher inventory levels.
| District | Benchmark Price | YoY Change | Notes |
| --------------- | --------------- | ---------- | ----------------------------------- |
| City Centre | $944,500 | ↓1.1% | Most stable inner-city performance. |
| North West | $767,600 | ↓0.9% | One of the strongest districts. |
| West | $943,000 | ↓1.7% | Healthy demand, moderate supply. |
| South | $705,300 | ↓2.3% | Balanced conditions. |
| South East | $694,500 | ↓3.0% | Supply rising due to new builds. |
| North | $650,400 | ↓4.2% | Higher listings impacting prices. |
| East | $507,000 | ↓4.7% | Weaker demand; more inventory. |
| North East | $571,900 | ↓4.9% | Most year-over-year price pressure. |
Summary: Detached homes remain steady, but district-specific supply levels are shaping price behaviour. West, NW, and City Centre continue to outperform; East and NE face the sharpest corrections.
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🏘️ Semi-Detached (Duplexes)
Semi-detached homes remain relatively balanced, with modest price adjustments and stable demand.
Key Numbers – Semi-Detached
*Sales:** 166
*Months of Supply:** 3.29
*Benchmark Price:** $671,700
*YoY Change:** ↓0.5%
Semi-detached homes saw one of the smallest year-over-year price declines in the city — evidence that this category continues to offer strong mid-market value.
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🏡 Row / Townhomes
Row homes experienced the most significant pullback in activity and pricing among the low-density product types.
Key Numbers – Row Homes
*Sales:** 257 (↓22% YoY)
*Months of Supply:** 3.51
*Benchmark Price:** $424,400
*YoY Change:** ↓6.2%
Higher supply and competition between new builds and resales continue to weigh on this segment.
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🏢 Apartment / Condominiums
Condos remain the softest part of the market as new purpose-built rentals, rising resale listings, and higher investor supply keep conditions firmly balanced.
Key Numbers – Condos
*Sales:** 307 (↓28% YoY)
*Months of Supply:** 5.5
*Benchmark Price:** $309,300
*YoY Change:** ↓7.2%
This is the most buyer-friendly segment in Calgary right now.
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🌤️ Market Outlook
*Balance Returning:** After several years of tight conditions, Calgary is seeing more balance, driven by rising inventory rather than falling demand.
*Price Trends:** Detached and semi-detached remain stable. Townhomes and condos will likely continue to see modest downward adjustments.
*Supply Factors:** New construction, especially in North, East, and South East districts, is adding meaningful choice for buyers.
*Buyer Advantage:** Motivated sellers + more inventory = more negotiating power for buyers compared with the last two years.
*Seller Strategy:** Pricing and presentation are now essential. The “list high, wait, and expect multiple offers” strategy no longer applies in higher-supply segments.
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✔️ Final Thoughts
November showed a market finding its footing. Detached homes remain the anchor of stability, while multi-family segments offer opportunities for buyers seeking value. As supply continues to normalize, expect a calmer, more predictable market heading into 2026.
