Whereas house gross sales declined 16.5% year-over-year to 2,286 items, new listings surged 11.2% year-over-year, which has helped convey market situations again into balanced territory.
Based on the Calgary Actual Property Board (CREB), provide positive factors have been strongest within the house and row segments, the place stock is now greater than 30% above long-term traits.
“Provide has improved throughout rental, resale and new house markets, permitting for extra selection for these contemplating their housing choices,” stated CREB Chief Economist Ann-Marie Lurie. “The extra selection mixed with no additional declines in lending charges, persistent uncertainty and issues of worth changes is conserving many potential purchasers on the sidelines.”
That softening in demand has contributed to the citywide benchmark worth slipping to $586,200 in June, down 3.6% from final yr. The decline has been most pronounced within the house and row sectors, each down greater than 3% yearly, whereas indifferent costs held comparatively regular.
Indifferent market holds regular, whereas connected segments face stress
Indifferent house gross sales in June totalled 1,194 items, about 6% beneath each final yr and the earlier month. The pullback was most evident in higher-priced houses dealing with competitors from the new-home section, and within the Metropolis Centre and North East, the place year-over-year gross sales fell greater than 20%.
Nonetheless, indifferent house costs have been largely secure with the benchmark worth down lower than 1% year-over-year to $764,300. Solely the North East noticed buyer-favoured situations, contributing to a 4% annual worth decline there.
Amongst connected houses, semi-detached properties noticed modest worth progress, with the benchmark reaching $696,400 in June—flat from Could and up 1% year-over-year. That masked important regional variation, with report highs within the Metropolis Centre however annual worth drops of over 2% within the North, North East, and East.
Row and house segments have been extra clearly affected by rising provide. Row house stock rose to 1,167 items in June because the sales-to-new listings ratio dropped to 50%. Costs fell to $450,300—down over 3% from final yr. Within the North East, costs declined almost 6% year-over-year.
Within the house condominium section, each gross sales and listings dipped, however stock continued climbing as a consequence of slower absorption. Months of provide approached 4 citywide, contributing to a different drop within the benchmark worth to $333,500, additionally down greater than 3% from final yr. The steepest declines have been recorded within the North, North East and South East districts.
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Final modified: July 2, 2025
