On March 4, 2025, the United States implemented a 25% tariff on most Canadian goods and a 10% tariff on Canadian energy imports. These measures, aimed at addressing concerns over drug trafficking and cartel activities, have significant implications for various sectors of the Canadian economy, including real estate. (businessinsider.com)

This article examines the potential effects of these tariffs on Calgary's real estate market.

1. Increased Construction Costs

The tariffs are expected to raise the cost of construction materials such as lumber, steel, and aluminum. This escalation in material costs could lead to higher prices for new homes, making affordability a growing concern for potential homeowners across Canada. Additionally, developers may postpone or cancel projects due to increased expenses, potentially exacerbating the existing housing supply shortage. (realtor.com)

2. Economic Slowdown and Housing Demand

The imposition of tariffs could slow economic growth, particularly affecting sectors like manufacturing and energy that are integral to Canada's economy. A slowdown may result in job losses and reduced consumer confidence, leading to decreased demand in the housing market. Consequently, home sales could decline, and property values might stagnate or decrease, especially in higher-priced neighborhoods. (realeconomy.rsmus.com)

3. Potential Interest Rate Adjustments

In response to economic uncertainty and potential inflationary pressures from increased import costs, the Bank of Canada might adjust interest rates. Higher interest rates would raise borrowing costs, further reducing affordability for prospective homebuyers and potentially dampening real estate market activity. (realeconomy.rsmus.com)

4. Impact on the Rental Market

As homeownership becomes less attainable due to rising prices and borrowing costs, more individuals may turn to renting. This shift could increase demand in the rental market, leading to higher rents and reduced vacancy rates. Investors might find opportunities in the multi-family rental sector, capitalizing on the heightened demand.

5. Energy Sector Considerations

The 10% tariff on Canadian energy exports poses challenges for Canada's energy sector, a cornerstone of the national economy. Reduced competitiveness in the U.S. market could lead to decreased revenues, job cuts, and diminished investment in energy projects. These developments may have a cascading effect on the real estate market, particularly in regions with high concentrations of energy sector workers. (apnews.com)

The U.S. tariffs introduced on March 4, 2025, are poised to impact Calgary's real estate market through increased construction costs, potential economic slowdown, interest rate fluctuations, shifts in the rental market, and challenges in the energy sector. Stakeholders, including policymakers, developers, investors, and consumers, should closely monitor these developments and adapt strategies accordingly to navigate the evolving landscape.

In February 2025, Calgary's real estate market showed a shift from the strong seller’s market seen in previous years. While sales remain above long-term trends, there was a 19.3% decrease in sales compared to February 2024, with 1,721 transactions recorded. Meanwhile, inventory levels increased 75.6% year-over-year, reaching 4,145 units, creating a more balanced market.

The total residential benchmark price was $587,600, reflecting a 4.4% increase compared to the same month last year. However, the months of supply more than doubled to 2.41 months, indicating that homes are taking longer to sell.

Sales and Pricing Trends by Property Type

• Detached homes saw the highest sales volume (765 units), though sales were down 19.6% YoY. Prices increased by 5.1% to $760,500.

• Semi-detached homes had 165 sales, with prices up 6.9% YoY, reaching $683,500.

• Row homes experienced a 9.4% drop in sales but still saw a 2.8% price increase to $446,800.

• Apartments had 473 sales, marking a 26% decline YoY, while prices rose 4% to $334,200.

Market Dynamics & Trends

• Inventory Growth: February’s inventory level surged 76% year-over-year, mainly driven by more listings in the affordable apartment and row home segments.

• Sales Decline: Despite historical trends, sales were down 19% YoY, showing that rising interest rates and affordability concerns are impacting buyers.

• Slower Price Growth: While home prices still increased across all property types, the pace of appreciation has slowed compared to 2024.

• Higher Days on Market: The average days on market for a home in Calgary increased to 33 days, up from 24 days last February.

Regional Highlights

• City Centre saw a 1.0% annual price increase, with a benchmark price of $589,500.

• North West Calgary had a 1.1% price growth, bringing the benchmark price to $646,300.

• The East district recorded the highest price increase at 3.2%, with a benchmark price of $432,500.

• The South district remained one of the most competitive, with the lowest months of supply at 1.6 months.

Outlook for March 2025

With rising inventory and slower sales, Calgary's market is transitioning toward more balanced conditions. Buyers now have more options, while sellers may need to adjust pricing expectations to remain competitive. If interest rates stabilize, market activity may pick up in the coming months.

The Seton real estate market experienced notable activity in February 2025, with a 6% year-over-year increase in sales, reaching 34 transactions. Inventory saw a significant 172% rise, totaling 87 available homes, which contributed to a months-of-supply ratio of 2.56. This suggests a more balanced market compared to previous months.

Benchmark prices in Seton remained steady with an overall residential price of $477,400, reflecting a 3.3% year-over-year increase. Prices varied by property type:

• Detached homes: $772,500 (+5% YoY)

• Semi-detached homes: $593,900 (+6% YoY)

• Row homes: $469,800 (+4% YoY)

• Apartments: $382,000 (+3% YoY)

New listings rose by 3% YoY to 40, indicating growing seller interest, while the sales-to-new-listings ratio was 85%, demonstrating continued demand for housing in Seton.

Community and Shopping Features

Seton is a rapidly developing, mixed-use community in Southeast Calgary, offering a modern urban lifestyle with a blend of residential, commercial, and recreational amenities.

Retail & Shopping

• Seton Urban District: A vibrant hub featuring major retailers, dining options, and services.

• South Health Campus Market: Local stores and cafes catering to both residents and visitors.

• Shopping Centers Nearby:

  • Seton Gateway Plaza: Home to grocery stores, banks, and essential services.

  • Calgary Co-op & Superstore: Providing convenient grocery and pharmacy options.

  • Shawnessy Shopping Centre (short drive away): Features large retailers, restaurants, and entertainment.

Recreational & Lifestyle Amenities

• Brookfield Residential YMCA: One of the largest recreational facilities in Calgary, offering pools, fitness centers, and indoor sports.

• Cineplex VIP Theatre: A premium entertainment venue for moviegoers.

• Seton Central Park: A gathering space with walking trails and outdoor activities.

• South Health Campus: A major medical facility with fitness and wellness programs.

Seton continues to grow as a desirable community with increasing housing demand, modern amenities, and a well-planned urban design.

The Rangeview real estate market showed steady growth in February 2025, with 9 sales, reflecting a 50% year-over-year increase. Inventory levels rose significantly by 289%, reaching 35 available properties, leading to a months-of-supply ratio of 3.89—a shift towards a more balanced market.

Benchmark prices in Rangeview varied by property type:

• Detached homes: $757,450 (+5.9% YoY)

• Semi-detached homes: $605,000 (-5.5% YoY)

• Total residential price: $605,000 (-12.0% YoY)

New listings saw a 78% year-over-year increase, reaching 16 new listings, while the sales-to-new-listings ratio was 56%, indicating a moderate level of buyer demand.

Community Features

Rangeview is a growing residential community in Southeast Calgary, offering a unique blend of modern living and natural landscapes. The neighborhood is designed with a garden-to-table concept, emphasizing sustainability, fresh food, and a strong sense of community.

Key Attractions & Amenities

• Parks & Green Spaces: The area is designed with community gardens, parks, and walking trails, making it ideal for outdoor enthusiasts.

• Future Urban Market District: Plans for a market space with local produce, specialty shops, and dining options.

• Schools & Education: Rangeview is planning new schools to support its growing population.

• Retail & Shopping Nearby:

  • East Hills Shopping Centre (10 min drive) – Features Costco, Walmart, and various dining options.

  • Seton Urban District (15 min drive) – Offers grocery stores, entertainment, and medical facilities.

  • Mahogany Village Market (short drive) – Provides local cafes, restaurants, and small businesses.

Rangeview continues to attract buyers looking for affordable homeownership, modern amenities, and a nature-focused lifestyle.

The Auburn Bay real estate market in February 2025 saw a significant slowdown in sales activity compared to the same period last year. With only 18 total residential sales, this represents a 59% decline year-over-year (Y/Y). However, inventory levels increased to 49 available listings, an 88% increase Y/Y, leading to a rise in the months of supply, now standing at 2.72 months.

Sales and Listings Activity

• Total Sales: 18 (-59% Y/Y)

• New Listings: 37 (-18% Y/Y)

• Sales-to-New Listings Ratio: 49% (indicating a more balanced market)

• Inventory: 49 (+88% Y/Y)

• Months of Supply: 2.72 (+361% Y/Y)

Pricing Trends Despite the drop in sales, benchmark prices showed stability and moderate growth across different property types:

• Detached Homes: $817,900 (+3.3% Y/Y)

• Semi-Detached Homes: $532,200 (+5.1% Y/Y)

• Row Homes: $457,300 (+6.2% Y/Y)

• Apartments: $370,300 (+1.5% Y/Y)

• Total Residential Benchmark Price: $632,200 (+1.8% Y/Y)

Market Insights

• The increase in inventory and drop in sales suggest a shift towards a more buyer-friendly market, with more choices available and reduced competition.

• While detached homes remain the most expensive segment, row homes saw the highest price appreciation at 6.2% Y/Y.

• Apartments had the slowest price growth, with only a 1.5% Y/Y increase, possibly due to higher inventory levels in this segment.

• The median price for all residential property types was $444,250, a 4.9% decline Y/Y, reflecting buyer hesitation in higher price ranges.

Auburn Bay’s market in February 2025 is experiencing a period of adjustment, with increasing supply and slower sales activity. Prices remain relatively stable, but with rising inventory levels, buyers may have more negotiating power in the coming months. Sellers should be mindful of competitive pricing strategies to attract interest in a market that is cooling compared to the previous year.

For more information on how these trends affect your buying or selling decisions, reach us here.

The Mahogany real estate market experienced shifts in February 2025, with a mix of price increases and a decline in sales compared to the previous year. Despite a slowdown in transactions, inventory levels increased, providing more choices for buyers.

• Total Residential Benchmark Price: $589,100 (↑1.5% YoY)

• Total Sales: 26 (↓45% YoY)

• New Listings: 51 (↓9% YoY)

• Inventory: 93 homes (↑66% YoY)

• Months of Supply: 3.58 (↑200% YoY)

Property Type Breakdown

• Detached Homes

  • Benchmark Price: $822,400 (↑2.3% YoY)

  • Sales: 16 (↓27% YoY)

  • New Listings: 27 (↑4% YoY)

  • Inventory: 38 homes (↑67% YoY)

• Semi-Detached Homes

  • Benchmark Price: $579,600 (↑2.3% YoY)

  • Sales: 2 (↓78% YoY)

  • New Listings: 8 (No change YoY)

  • Inventory: 10 homes (↑89% YoY)

• Row Homes

  • Benchmark Price: $487,500 (↑1.5% YoY)

  • Sales: 1 (↓80% YoY)

  • New Listings: 4 (↓50% YoY)

  • Inventory: 17 homes

• Apartments

  • Benchmark Price: $362,200 (↑3.6% YoY)

  • Sales: 7 (↓36% YoY)

  • New Listings: 12 (↓14% YoY)

  • Inventory: 28 units (↑58% YoY)

Market Trends & Insights

• Sales Decline: The 45% drop in total sales compared to February 2024 suggests a cooling in demand, possibly due to affordability concerns and higher mortgage rates.

• Rising Inventory: A 66% increase in available homes indicates a shift toward a buyer’s market, providing more options and reducing competition.

• Months of Supply Surge: The months of supply jumped by 200%, signaling a slower market where properties are taking longer to sell.

• Stable Prices: Despite the sales decline, benchmark prices remained relatively stable or saw modest growth, reflecting continued demand for well-priced homes.

Looking Ahead

With inventory on the rise and fewer sales, Mahogany’s real estate market may favor buyers in the coming months. Sellers should price competitively to attract interest, while buyers can take advantage of increased selection and negotiation opportunities.

For further insights, contact us for Mahogany real estate update.

其中，东区房价涨幅最高，而市中心价格小幅下降。

卡尔加里周边城镇

Airdrie

Airdrie整体市场在2月份的大致走势与其长期平均水平相符，销售量下降，而新挂牌和库存水平上升至该月份的典型水平。销售量下降了近9%，至123套，而新挂牌数量增长了近23%，达到225套。销售下降与新挂牌增加的叠加效应，使库存量比去年翻了一倍多，增至345套。因此，供应月份上升至近三个月，这一水平也符合长期平均值，并且是自疫情前以来市场上见到的最高水平。2月份的市场基准价格与上月基本持平，仍低于秋季时的水平，为$537,600，但比去年同期高出1.6%。

Cochrane

2月份的销售量达到75套，新挂牌数量达到126套，均较去年同期有所增加，并高于该市场的长期平均水平。库存同比增长超过48%，达到196套，为自2021年春季以来任何月份的最高水平，但仍低于Cochrane市场2月份的长期平均水平。库存的增加使供应月份回升至2.6个月，这是自疫情以来的最高水平，但仍远低于该月份的历史水平。相对紧张的市场环境支持了价格接近夏季创下的历史高位，2月份的市场基准价格同比上涨超过5%，达到$577,100。

Okotoks

2月份的销售量同比下降4%，至45套，但仍符合该月份的长期平均水平。新挂牌数量较2024年增长7%，达到60套，但仍远低于2月份的典型水平。库存回升至69套，比2024年增长19%，但与新挂牌一样，仍明显低于该月份的历史水平。较低的库存水平也使供应月份维持在仅1.5个月，远低于2月份通常的水平。尽管市场条件紧张，但本月的市场基准价格与1月份基本持平，仅比2024年高出不到1%。

-Jesus loves you-
-Invite God Into Your Situation-

外部维护

☑ 检查屋顶和排水沟

• 检查冬季损坏（松动或缺失的瓦片）。

• 清理排水沟和落水管。

• 确保落水管将水引导至距离地基至少5英尺远的地方。

☑ 检查外墙和地基

• 查找外墙、砖石或灰泥中的裂缝或缝隙。

• 密封任何裂缝以防止水损害和害虫进入。

☑ 检查窗户和门

• 重新填充或更换密封条（如有需要）。

• 清洁窗户并检查是否有破损密封或裂缝。

☑ 维护空调系统

• 清洁或更换HVAC过滤器。

• 清理室外空调机组周围的碎屑。

• 夏季前安排专业空调调试服务。

☑ 检查和清洁甲板、露台和车道

• 检查混凝土或沥青是否有裂缝或隆起。

• 高压清洗甲板和露台，如有需要可重新密封。

☑ 检查室外水龙头和喷灌系统

• 慢慢打开室外水龙头并检查是否有泄漏。

• 测试喷灌系统并调整至高效浇水模式。

室内维护

☑ 测试烟雾和一氧化碳探测器

• 更换电池并确保所有探测器正常工作。

☑ 检查管道是否泄漏

• 检查水槽下方、厕所周围以及地下室的管道情况。

☑ 深度清洁和整理

• 清洗窗户和纱窗。

• 清理电器后方，包括冰箱散热盘管。

☑ 害虫防治

• 检查是否有老鼠、蚂蚁或其他害虫的迹象。

• 密封任何害虫可能进入的缝隙。

☑ 检查和清洁暖气炉

• 清理暖气炉周围灰尘并更换过滤器。

庭院和绿化

☑ 准备草坪和花园

• 清理残留落叶并清除草坪枯草层。

• 通气和施肥以促进健康生长。

☑ 修剪树木和灌木

• 修剪枯枝以防风暴损害。

• 确保树枝不会过于靠近房屋。

☑ 检查围栏和大门

• 修复任何松动的木板或立柱。

• 对木质围栏进行染色或密封，以防潮湿损害。

卡尔加里房地产经纪金辉 友情提示： 尽早完成这些任务，以便无忧享受夏天！ ✅

Exterior Maintenance

☑ Inspect Roof & Gutters

• Check for winter damage (loose or missing shingles).

• Clean out gutters and downspouts.

• Ensure downspouts direct water at least 5 feet away from the foundation.

☑ Check Siding & Foundation

• Look for cracks or gaps in siding, brick, or stucco.

• Seal any gaps to prevent water damage and pests.

☑ Examine Windows & Doors

• Re-caulk or replace weather stripping if needed.

• Clean and check for any broken seals or cracks.

☑ Service Air Conditioning System

• Clean or replace HVAC filters.

• Remove debris from around outdoor A/C units.

• Schedule a professional A/C tune-up before summer.

☑ Inspect & Clean Deck, Patio & Driveway

• Look for cracks or heaving in concrete or asphalt.

• Pressure wash decks and patios; reseal if needed.

☑ Check Outdoor Faucets & Sprinklers

• Turn on exterior taps slowly and check for leaks.

• Test the sprinkler system and adjust for efficient watering.

Interior Maintenance

☑ Test Smoke & Carbon Monoxide Detectors

• Replace batteries and ensure all detectors are working.

☑ Check Plumbing for Leaks

• Inspect under sinks, around toilets, and in the basement.

☑ Deep Clean & Declutter

• Wash windows and screens.

• Clean behind appliances, including refrigerator coils.

☑ Pest Control

• Check for signs of mice, ants, or other pests.

• Seal any gaps where pests could enter.

☑ Inspect & Clean Furnace

• Vacuum around the furnace and replace the filter.

Yard & Landscaping

☑ Prepare Lawn & Garden

• Rake up any leftover leaves and dethatch the lawn.

• Aerate and fertilize for healthy growth.

☑ Prune Trees & Shrubs

• Trim dead branches to prevent storm damage.

• Ensure tree limbs aren’t too close to the house.

☑ Check Fence & Gate

• Repair any loose boards or posts.

• Stain or seal wooden fences to protect from moisture.

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Higher cost of labour and materials, plus an increased risk of flooding or wildfires means homeowners can expect to pay more for insurance in 2025.

IBC (Insurance Bureau of Canada) is essentially warning that insurance rates, insurance premiums could very well spike in 2025. And the reason why is because the insurance industry is grappling with record breaking losses. So last year, insurers paid out 8.5 Billion dollars in insured losses alone. That’s actually over 2 Billion more than in 2016, the next worst year on record. That was back when the Fort McMurray wildfires happened. Now this is largely being blamed, on the weather.

2024 was the most devastating year on record in Canada for severe weather events, but also inflation and labour shortages in construction have something to do with it. They’re driving up costs for insurers. The claims have increased 115% over the last 5 years. And not only that, the costs for repairing and replacing personal property have risen nearly 500% in that time. So insurers are up against a wall here. And what they say is that really, Canada is not doing enough to help prevent not only the natural disasters, but that kind of damage that they can cause. So the Insurance Bureau is calling on government to do a few different things. They say that they need to invest in things like flood proof, infrastructure, the to adopt rules to make sure homes are not being built on flood plains, the in to facilitate firesmart programs for communities in high-risk zones. And lastly, RCMP need to implement building codes to not only protect Canadians and buildings or hope this country, but livelihoods. They say as well, how costly has some of these recent weather events ban? Quite costly, the most expensive back in 2024 was actually the Calgary hailstorm that hit on August 5. The viral videos that went around of windows being smashed and cars being absolutely destroyed. Given the severity and the increasing frequency of weather events like this, insurers are telling Canadians that the insurance is going to spike this year.

                                                                                                                                                                       by CTV News

Sales & Price Trends

The market in McKenzie Lake has been on a strong upward trajectory to kick off 2025. We saw a 117% increase in total residential sales compared to January 2024, which is a big jump. This suggests demand is heating up—more buyers are jumping in, possibly anticipating continued price growth.

• The benchmark price rose to $701,200, which is up 6% year-over-year.

• Detached homes are leading the charge, hitting a benchmark price of $730,900.

• Row homes, though fewer in sales volume, have also climbed, sitting at $420,700.

With no apartment or semi-detached sales recorded, it could indicate that these property types are either limited in supply or just not seeing the same level of buyer interest right now.

Inventory & Supply – A Seller’s Market

This is where things get really interesting. Inventory levels are up by 400% compared to last year, which sounds dramatic, but keep in mind that the previous inventory levels were historically low. Even with more listings coming to market, it’s still a seller’s game because months of supply sits at just 0.77—meaning that if no new homes were listed, everything currently available would be sold in less than a month!

• New listings surged by 240%, with 17 homes hitting the market in January.

• However, demand is still outpacing supply, keeping competition high among buyers.

This low supply combined with rising prices suggests that homeowners in McKenzie Lake are sitting on a valuable investment, while buyers are facing a market where they need to act quickly and strategically.

What’s Driving These Trends?

A few key factors could be fueling the market’s movement:

1. Pent-up demand: Buyers who may have been waiting on the sidelines in 2024 are jumping in now, fearing further price increases.

2. Interest rates & affordability concerns: If buyers expect mortgage rates to stay steady or decline slightly, they may be more motivated to buy before prices rise further.

3. Community appeal: McKenzie Lake is one of those rare gems in Calgary with lake access, established schools, and great shopping nearby (like McKenzie Towne Centre & South Trail Crossing). This keeps demand strong, especially for families looking for long-term homes.

What to Expect Moving Forward

If trends continue, McKenzie Lake is likely to see:

• Continued price appreciation, though possibly at a slower pace if inventory keeps rising.

• A competitive market where well-priced homes sell quickly, especially in the detached segment.

• Increased interest from move-up buyers, as people looking for bigger homes capitalize on the rising value of their current properties.

For sellers, this remains a great time to list, especially with limited competition in some price brackets. For buyers, patience and preparedness will be key—having financing in place and being ready to move quickly will help navigate the competitive landscape.