Mahogany, Calgary’s award-winning lake community, continues to show steady activity through Q2 2025, with buyer demand remaining strong for both detached and semi-detached homes.

• Sales Activity: Mahogany recorded healthy quarterly sales, supported by increased new listings. Inventory improved slightly compared to early 2025, giving buyers more choice, though the market remains tilted toward sellers due to strong demand for family-oriented homes.

• Benchmark Prices: Detached homes in Mahogany averaged in the mid-$800,000s, with two-storey properties in particular seeing the highest levels of demand. Semi-detached and row homes remained attractive entry points, with benchmark values in the $550,000–$650,000 range.

• Apartments: The apartment sector also posted growth as affordability challenges steered some buyers toward smaller formats. Prices hovered around the low-to-mid $400,000s.

• Market Balance: Months of supply remained tight at ~2 months, reflecting the community’s desirability. The average days on market was under 35 days, showing buyers’ willingness to act quickly in this lakeside neighborhood.

Detached Homes

• Benchmark Price: Approximately $826,800, up around 1.0% year-over-year

• April Snapshot: Reflects steady appreciation in this segment

• Context: Detached homes remain the flagship offering in Mahogany, especially high-end lakefront and wetland-adjacent homes. They continue to attract families and move-up buyers drawn to spacious layouts and premium finishes

Buyer Insight: Expect consistent demand and resilience in this category, particularly for well-located and well-presented properties.

Semi-Detached Homes (Duplexes)

• Benchmark Price: Around $580,500, largely unchanged from Q2 2024

• Median Sold Price: $610,000, up 3.4% YoY.

• Average Sold Price: $641,373, up from $626,000 the year before

• Average Days on Market: 44 days, up from 35 days in Q2 2024.

• Sale-to-List Ratio: ~99.3%, slightly lower than 99.7% previously

Buyer Insight: This segment continues to offer strong value — particularly attractive to first-time buyers or those seeking more space than a condo affords. Despite slightly longer days on market, pricing remains stable and competitive.

Row Homes (Townhomes)

• Benchmark Price: Approx. $498,300, stable year-over-year

• Median & Average Sold Price: Both around $349,500, unchanged YoY; slight decrease from $363,000 in 2024

• Average Days on Market: 62 days, up from 43 days last year.

• Sale-to-List Ratio: ~99.7%, remains steady

Buyer Insight: While sales volumes are low and days on market have increased, townhomes remain an affordable entry point in Mahogany—ideal for first-time buyers or investors. Unit-specific details like exposure and yard access can impact resale and desirability.

Apartment Condominiums

• Benchmark Price: About $361,900, slightly down (~1.1%) YoY

Buyer Insight: Though pricing has softened a touch, apartments remain a stable, affordable choice—especially appealing to singles, seniors, or those seeking proximity to Seton’s amenities, transit, and health services.

Schools

• Divine Mercy Catholic Elementary and Mahogany Elementary (CBE) continue to serve young families in the community, both reporting strong enrollment in 2025.

• Families also benefit from proximity to Joane Cardinal-Schubert High School in Seton and Centennial High School in nearby Sundance.

• A new future middle school site has been earmarked by the Calgary Board of Education, anticipated to relieve demand as Mahogany’s population continues to grow.

With lake access, strong schools, and continued commercial growth, Mahogany remains a premier southeast Calgary destination. Real estate momentum is expected to carry through the remainder of 2025, particularly in the detached and row segments. Apartments will also remain in focus for investors and first-time buyers.

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The McKenzie Towne real estate market showed resilience through the second quarter of 2025, balancing demand across a variety of property types. Sales activity remained steady with 132 transactions, a modest 8.3% decline year-over-year, while new listings rose 10.3% to 192, keeping options open for buyers.

• Sales-to-New Listings (SNL) Ratio: 68.7% (indicating a balanced market leaning slightly towards sellers).

• Average Inventory: 70 listings (up 128% Y/Y, still below the 10-year average).

• Months of Supply: 1.59 (suggesting continued demand relative to supply).

• Days on Market: 25 (down from 36 historically, showing quicker turnover).

Benchmark Pricing Trends

• Overall Benchmark Price: $500,633 (down 1.7% Y/Y).

• Detached: $652,967 (slight +0.9% Y/Y).

• Semi-Detached: $487,933 (–4.1% Y/Y).

• Row/Townhomes: $437,600 (–1.9% Y/Y).

• Apartments: $332,000 (+2.3% Y/Y).

Detached homes maintained the highest values, while apartments saw price gains, reflecting renewed affordability-driven demand.

Property Type Breakdown

• Detached Homes
  Strongest performer with 65 sales, accounting for nearly half of the market. Benchmark prices held stable, though average sales slipped slightly. Inventory remains tight at under one month of supply for many price points.

• Semi-Detached Homes
  Softer activity, with pricing down modestly. Semi-detached remain a more affordable entry into McKenzie Towne, appealing to downsizers and young families.

• Row/Townhomes
  Popular with first-time buyers; stable benchmark pricing despite small Y/Y declines. Good absorption rate kept supply balanced.

• Apartments
  Increased demand brought sales momentum. Benchmark prices rose 2.3% Y/Y, signaling that buyers are returning to the condo market for affordability.

Community Features Driving Demand

Schools

McKenzie Towne is family-oriented, supported by:

• McKenzie Towne School (K-4, CBE)

• St. Albert the Great (K-9, Catholic)

• Nearby junior highs and high schools in adjacent SE communities.

Proximity to schools continues to fuel demand for detached and semi-detached homes among young families.

Shopping & Amenities

• High Street in McKenzie Towne: Pedestrian-friendly shopping, dining, cafés, and professional services.

• South Trail Crossing (130th Avenue SE): Major retail corridor with grocery stores, big-box shopping, fitness centers, and restaurants.

• Seton Urban District (nearby): Expanding entertainment, hospital (South Health Campus), and mixed-use services.

Lifestyle Appeal

McKenzie Towne remains one of Calgary’s most walkable suburban communities, with village-style planning, ponds, pathways, and community events. These lifestyle features contribute to steady demand across property types.

Looking ahead, moderating price growth is expected as more listings return to the market. Apartments and row houses are likely to see the strongest activity due to affordability pressures, while detached homes remain a long-term draw for families seeking community amenities and schools.

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While previous generations aspired to enter retirement unburdened by housing debt, a growing share of Canadian retirees are facing a different reality. A new Royal LePage–Leger survey of 1,626 adults, conducted found that 29 per cent—or nearly one in three Canadians planning to retire in the next two years—expect to still be paying a mortgage when they stop working. Mortgage‑free retirement? Not so for 29% of soon‑to‑be retirees (Global News)

Key Findings

• Still paying mortgages: 29 percent of near‑retirees (spring 2025) anticipate entering retirement with ongoing mortgage obligations biv.com.

• Mortgage‑free cohort: 45 percent have already paid off their mortgage, with another 6 percent confident they’ll clear it before retiring.

• Homeownership later in life: Canadians are buying homes later, with amortization schedules (often 30 years) pushing mortgage payoffs well into traditional retirement years globalnews.ca.

• Rising mortgage debt among seniors: Canadian seniors with mortgages doubled from 14 percent in 2016 to roughly 28 percent by 2025.

• Split on downsizing: Approaching retirees are divided—46 percent plan to downsize within two years of retiring, while 47 percent intend to stay put.

Why the Shift?

Phil Soper, CEO of Royal LePage, points to housing affordability pressures as a major factor. Escalating home prices, delayed entry into ownership, and financial support extended to adult children have stretched mortgage timelines. While the payoff represents financial liberation and stability, this generation is redefining retirement realities.

How Retirees Are Coping

Despite the odds, many are finding ways to manage:

• Supplemental income sources: Investment earnings, part‑time employment, or support from a working spouse are helping bridge monthly payments .

• Financial planning strategies: Advisors suggest delaying Canada Pension Plan withdrawals (until age 70), tapping into investments prudently, or pairing mortgage debt with diversified retirement funding.

Bigger Picture: Canada’s Housing Crisis

The trend reflects broader affordability challenges. The Bank of Canada's housing affordability index reached its worst since 1982, with average homes costing over nine times annual household incomes in 2023. Although interest rates have declined, high prices persist, hampering homeownership .

What It Means for You

1. Plan for mortgage payments into retirement: If you’re close to normal amortization timelines, build mortgage payments into your budget after leaving the workforce.

2. Delay CPP to maximize income: Eating into your investment portfolio to pay the mortgage may backfire—waiting until age 70 to draw CPP can significantly boost monthly income.

3. Downsizing: Pros and Cons: Downsizing can reduce expenses and help pay off your mortgage—but only if you weigh factors like moving costs, emotional ties, and future home equity needs.

4. Consider equity-based solutions: Reverse mortgages (e.g., offered by HomeEquity Bank) allow Canadians 55+ to access home equity without monthly repayments. They can be an option—but total interest may reduce estate value.

What was once a cornerstone milestone—mortgage‑free retirement—has become an increasingly elusive goal. Nearly one-third of near‑retirees now carrying mortgage debt reflects deeper housing affordability issues. But smart financial planning, diversified income strategies, and an openness to options like downsizing or equity loans can help mitigate risks and preserve stability in retirement.

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The Bank of Canada kept its key overnight lending rate at 2.75% again Wednesday.

This marks the second straight hold after the central bank’s rate-cutting streak of seven consecutive reductions ended in April amid the trade war with the U.S. that is wreaking havoc on Canadian monetary policy.

In recent months, the BoC has adopted a strategy that puts more emphasis on assessing short-term impacts, such as economic shocks, economic shocks, rather than usual long-term outlooks when considering whether to hike, hold or cut rates.

The BoC maintained the hold because the bank’s governing council wants to get more information on how U.S. tariffs on Canadian imports could further affect Canada’s economy, BoC Governor Tiff Macklem said during a news conference after Wednesday’s decision.

The hold and Macklem’s comments came on the same day that U.S. President Donald Trump imposed a 50% tariff on steel imports from Canada and a number of other countries, with the exception of the U.K.

“Uncertainty remain high,” Macklem told reporters.

BMO Chief Economist Douglas Porter told The Canadian Press that the uncertainty “really is a doubled-edged sword” for the BoC.

“It doesn’t mean that they should cut more or less,” Porter told CP. “It just makes it more and more uncertain, and they almost have to take it on a meeting-by-meeting basis.”

The hold was widely expected.

First-quarter Canadian economic growth exceeded the bank’s expectation, but compound growth came in as anticipated, Leslie Preston, a TD Bank managing director and senior economist, wrote in a research note provided to Connect. She noted that the economy is softer but not sharply weaker. However, the bank remains concerned about unexpected firm inflation and its preferred measures of inflation have risen.

The BoC also expects the economy to be “considerably weaker” in the second quarter as strong exports and inventories reverse while demand remains “subdued.”

“We expect that barring a trade negotiation miracle with the Trump administration, Canada’s economy is likely to tip into recession this year, and more interest-rate cuts will be required,” wrote Preston.

                                                                                                                                                                                                                                   By: Monte Stewart @Connect Canada

More Real Estate news or market reports, please check here.

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Price adjustments mostly driven by apartment and row style homes

Thanks to steep pullbacks in the apartment condominium sector, total residential sales in Calgary eased by 17 per cent compared to May of last year. While the drop does seem significant, the 2,568 sales this month remain 11 per cent higher than long-term trends for May and improved over last month.

New listings continued to rise this month compared to sales, resulting in further gains in inventory levels. However, the monthly gain in both inventory and sales prevented any significant change in the months of supply compared to April. With 2.6 months of supply, conditions are still relatively balanced. 

“Compared to last year, easing sales and rising inventories are consistent trends across many cities, as uncertainty continues to weigh on housing demand. However, prior to the economic uncertainty, Calgary was dealing with seller market conditions, and the recent pullbacks in sales and inventory have helped shift us toward balanced conditions taking the pressure off prices,” said Ann-Marie Lurie, Chief Economist at CREB®. “This is a different situation from some of the other larger cities, where their housing markets were struggling prior to the addition of economic uncertainty.”    

Last year there was limited inventory across most property types and price ranges. Recent inventory gains are creating pockets of the market that are struggling with too much supply while in other areas supply levels are still low relative to the demand, resulting in divergent trends in home prices.

Both detached and semi-detached home prices have remained relatively stable this month and are still higher than last year’s levels. Meanwhile, row and apartment style homes have reported modest monthly price declines and May prices remain below last year’s levels, as improved new home and rental supply is weighing on resale prices. Overall, the total residential unadjusted benchmark price in Calgary was $589,900, slightly lower than last month and over two per cent below May 2024 levels.   

Detached

New listings in May rose to 2,419 units, with most of the gains driven by homes priced over $600,000. At the same time, sales activity has slowed across most price ranges, supporting a shift toward more balanced conditions and relative stability in prices. However, districts that are facing more competition from new home product or are seeing a larger pullback in demand are starting to show some signs of elevated supply.

The North East district has seen the largest pullback in resale sales activity combined with some of the highest gains in new listings. This has driven the sales-to-new listings ratio down to 41 per cent and the months of supply was nearly four months in May. This is causing prices to ease in the North East, offsetting some of the gains reported in the City Centre, West, and North West districts. City-wide the unadjusted benchmark price in May was $769,400, similar to last month, one percent higher than last May, and still above last year’s seasonal peak price.  

Semi-Detached

The 428 new listings in May were met with 256 sales, causing the sales-to-new-listings ratio to rise to 60 per cent this month. This slowed the pace of inventory growth and the months of supply remained just above two months.  Semi-detached homes continue to remain less than 10 per cent of all sales and inventory levels in the city.

This in part is due to construction patterns shifting toward more row style properties over semi-detached, and is one of the reasons we do not see the same inventory build as row and apartment style homes. 

Like the detached market there is significant variation within the city districts. The North East has the highest months of supply at nearly three months and is reporting some price declines, while the tightest conditions are in the North West, where prices continue to rise. Overall, generally tighter conditions are still supporting price gains for semi-detached properties. In April the unadjusted benchmark price was $697,300, a monthly gain of less than one per cent, nearly three per cent higher than last year’s levels and above last year’s seasonal peak.

Row

Row home sales have eased over last year’s near record high pace but stayed well above long-term trends.  However, the gain in new listings has continued to cause further inventory gains. For the second month in a row, inventory levels were over 1,000 units; we have not seen this much inventory for row units since 2021.

While inventory levels have improved across all districts, we are starting to see higher months of supply in the North East district at 3.5 months, resulting in some downward pressure on prices. The North, North West and South areas have also reported higher year-over-year pullbacks in resale prices, as improved supply choice for new properties are impacting resale activity. Overall, the benchmark price in May was $453,600, down over last month, nearly two per cent below last May, and lower than last year’s seasonal high.  
 

Apartment Condominium

Sales this month totaled 579 units, a significant decline over last May’s record high of 907 units. While new listings were lower than levels reported last year, they remained high compared to sales, causing the sales-to-new listings ratio to drop to 47% this month. This contributed to further inventory gains and drove the months of supply up to 3.6 months.

High levels of apartment rental units under construction are adding to the rental supply and contributing to rent adjustments. This is likely slowing condo ownership demand coming from existing renters and potential investors, contributing to some of the shifts witnessed in the apartment condominium sector. 

More supply choice is also weighing on condominium prices. In May the benchmark price eased to $335,300, down from last month and over one per cent lower than last year. The steepest declines are occurring in the North East and South East districts, where competition from the new home market is weighing on resale pricing. While prices have eased and are below peak levels, recent declines have not offset the double-digit gains reported over the past two years.

REGIONAL MARKET FACTS

Airdrie

While improving over last month, May sales eased compared to last year, contributing to the year-to-date decline of 10 per cent. However, the 772 sales so far this year are consistent with long-term trends in Airdrie. At the same time new listings continue to rise causing the sales-to-new listings ratio to fall to 58 per cent, still well within balanced conditions, but a significant change from the over 90 per cent ratio reported last year. Recent shifts in sales and new listings have supported gains in inventory levels.

In May there were 468 units in inventory, reflecting the highest May reported since prior to the pandemic. The shift in supply is in part related to the surge in new construction providing more options for potential consumers. Additional supply choice is impacting price growth.  The total residential benchmark price was $540,600 in May, down nearly one per cent over last month and nearly two per cent below last year’s levels.

Cochrane

Sales in Cochrane were fairly resilient until this month, where sales were 17 per cent slower than last year. The decline was enough to cause year-to-date sales to ease to levels just below those reported last year.  At the same time, this month new listings surged, driving the sales-to-new listings ratio down to 55 per cent and supporting further inventory gains.  With 293 units available in May, levels are more consistent with long-term trends. The months of supply neared three months in May and while this did slow the pace of price growth, the total residential benchmark price of $589,400 is still nearly four per cent higher than last May.

Okotoks

A boost in new listings this month supported a surge in sales activity. However, with a sales-to-new-listings ratio of 74%, inventory levels did not change much over last month and the months of supply once again dropped below two months. Okotoks has struggled to add supply at the pace reported in Calgary, Cochrane and Airdrie and sales growth has been dampened by limited supply choice.

While there have been some improvements in inventory levels, as of May levels remained nearly 28 per cent below long-term trends for the city.  The limited supply choice given the relatively strong demand has continue to support some price growth in the town. As of May the unadjusted benchmark price was $633,900, up over last month and over two per cent higher than last year. 

Click here to view the full City of Calgary monthly stats package.

Click here to view the full Calgary region monthly stats package.

In May 2025, Auburn Bay experienced a noticeable slowdown in sales volume but a sharp increase in listings and inventory. This shift has begun to push the market toward more balanced conditions, especially in the apartment and detached segments.

• Total Sales: 41 (▼20% YoY)

• New Listings: 89 (▲27% YoY)

• Total Inventory: 102 (▲149% YoY)

• Months of Supply: 2.49 (▲209% YoY)

• Benchmark Residential Price: $628,800 (▼3.7% YoY)

🏠 Performance by Property Type

🔹 Detached Homes

• Sales: 18 units (▼25% YoY)

• New Listings: 46 (▲15%)

• Benchmark Price: $814,400 (▼1% YoY, slight monthly uptick)

• Months of Supply: 2.56 (up 145% YoY)

• Sales-to-Listings Ratio: 39% → Buyer's market pressure

• Market Trend: Slower sales, rising inventory; sellers must be price competitive and property-ready.

🔹 Semi-Detached Homes

• Sales: 4 units (▼33% YoY)

• Benchmark Price: $531,600 (Flat YoY)

• New Listings: 7 (▲17%)

• Months of Supply: 1.5 (▲350%)

• Sales-to-Listings Ratio: 57%

• Market Trend: Limited inventory but sluggish buyer activity. A stable price environment, but fewer active sales.

🔹 Row Homes (Townhouses)

• Sales: 9 units (▲50% YoY)

• Benchmark Price: $472,000 (No YoY change)

• New Listings: 9 (▲13%)

• Sales-to-Listings Ratio: 100% → Balanced/Strong market

• Months of Supply: 1.78 (▲113%)

• Market Trend: Solid demand keeps this segment competitive; popular among downsizers and young families.

🔹 Apartments

• Sales: 10 units (▼33% YoY)

• Benchmark Price: $363,800 (▼5% YoY)

• New Listings: 27 (▲69%)

• Months of Supply: 3.4 (▲467%)

• Sales-to-Listings Ratio: 37%

• Market Trend: High inventory levels and price softness signal strong buyer leverage.

🏫 Schools in Auburn Bay

Auburn Bay is a family-oriented lake community with access to excellent schools:

• Auburn Bay School (K–4) – Calgary Board of Education

• Prince of Peace School (K–9) – Calgary Catholic School District

• Lakeshore School (Grades 5–9) – Opened recently to serve the growing SE population

Nearby schools in Mahogany and Seton also support Auburn Bay families, offering options for French immersion and high school programs.

🌟 Community Features & Events

Auburn Bay is designed around a 43-acre freshwater lake, making it one of Calgary’s premier four-season lifestyle communities. Key features include:

• Auburn House – The private lake-access community center with gym, rental halls, skating rinks, paddleboats, and beach access.

• Auburn Bay Dog Park – A large off-leash area for pet owners.

• Seton Urban District – Within minutes, offering the South Health Campus, YMCA, Cineplex, shopping, and dining.

• Pathway Connections – Interwoven green spaces, bike trails, and parks make it an active living hub.

• Neighbour Day BBQ (June 15): Family event with food trucks and music.

📌 Key Insights for Buyers & Sellers

✅ For Buyers:

• Detached and apartment buyers have strong negotiating power due to rising inventory.

• Row homes offer solid value and competition is stronger; act quickly when new listings hit.

• Get pre-approved and work with a local expert to stay ahead of pricing shifts.

✅ For Sellers:

• Price competitively and prepare for more Days on Market in most segments.

• Highlight Auburn Bay lifestyle features (lake access, schools, walkability).

• Focus on condition, staging, and professional marketing to stand out.

The Auburn Bay market in May 2025 is shifting toward balance, with increased inventory and slower sales in most segments. However, demand for affordable, lifestyle-oriented housing such as row homes remains strong. Sellers need to be strategic, and buyers have emerging opportunities — particularly in detached and apartment categories.

Seton continued to show signs of vibrant activity in May 2025, with both sales volume and new listings increasing over April. The area’s modern infrastructure, access to amenities, and master-planned layout continue to draw attention from homebuyers and investors alike.

• Total Sales: 36 homes sold in May, up from 33 in April (+9.1% M/M), marking a 50% year-over-year increase.

• New Listings: 78 new listings entered the market in May, up from 72 in April. That’s a significant 212% Y/Y and 134% YTD increase.

• Inventory: 134 active listings (+12.6% M/M), representing a 509% jump compared to last year.

• Months of Supply: 3.72 (up slightly from April's 3.61), suggesting Seton is approaching more balanced conditions after a long run as a strong seller’s market.

📊 Home Prices by Property Type (May 2025)

💡 Insight: Apartments led in year-over-year price growth, highlighting demand among entry-level buyers and investors. Detached homes saw a modest dip, providing a potential entry point for buyers seeking larger space in a sought-after community.

🛍️ Community & Lifestyle Highlights – Seton, SE Calgary

📰 What's New in Seton

• Seton YMCA continues to be a major attraction, offering Calgary’s largest recreational center with pools, gyms, libraries, and art spaces.

• Seton Urban District has expanded its dining and retail options with several new restaurants and cafés, enhancing the community's walkability.

• The Green Line LRT Extension Project remains in progress, promising future transit convenience to downtown Calgary.

🛒 Shopping & Amenities

• Seton Gateway Retail Plaza and South Health Campus Shopping Area offer everything from Superstore and Save-On-Foods to Shoppers Drug Mart, Cineplex VIP Theatre, and boutique local shops.

• Future Seton Central Park is under planning, aimed at offering a central gathering space with pathways, events, and recreational facilities.

🏫 Education in Seton

• Joane Cardinal-Schubert High School serves the community with strong academic and extracurricular programs.

• Auburn Bay School and St. Gianna School are nearby elementary options.

• South Health Campus also hosts training programs and continuing education via Alberta Health Services.

🎉 Community Events – May 2025

• Seton Night Market Launch: Held every Friday in May, this event features local artisans, street food, and live music.

• Family Fitness Day at YMCA: Free family classes, climbing wall challenges, and wellness education.

• Community Clean-Up Drive organized by local residents brought together over 150 volunteers, showcasing strong neighborhood spirit.

🔍 Market Outlook for Summer 2025

With increasing inventory and steady new listings, Seton is expected to enter a more balanced market through summer. Demand remains healthy across all property types, particularly for affordable and well-connected housing options. Detached home pricing adjustments offer new opportunities, while apartments and row homes continue to show strong growth potential.

Seton remains one of SE Calgary’s most desirable and fastest-growing communities due to its:

• Master-planned layout

• Proximity to healthcare, shopping, and recreation

• Strong transit future

• Youthful and active lifestyle appeal

May 2025 reflected robust activity and ongoing price stability, positioning Seton as a leading choice for families, professionals, and investors alike.

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In May 2025, Calgary saw a surge of demand for detached homes, with several properties selling within just a few days of hitting the market. These quick sales were typically characterized by competitive pricing, desirable styles (especially bungalows and bi-levels), and well-located communities.

📌 Key Highlights:

• Fastest-Selling Communities by volume:

  • Brentwood led the city with 6 fast sales, averaging $831,379 per home.

  • West Hillhurst, Varsity, and Oakridge followed, each with multiple quick transactions.

• Property Styles:

  • Bungalows dominated the market, prized for their single-level layouts.

  • Bi-levels and 4-level splits were also popular, especially in suburban neighborhoods.

• Size and Price:

  • Average size for fast-selling homes ranged from 750 to over 2,000 sq ft.

  • The highest price per square foot was recorded in West Hillhurst at $1,038/sqft, due to smaller but high-value inner-city properties.

• Price vs. List:

  • Many homes sold at or above list price, indicating a competitive environment.

  • Example: A property in Penbrooke Meadows listed at $399,900 sold in just 4 days for $350,000 — a quick transaction despite a discount, likely due to location or condition factors.

  • Conversely, a home in West Hillhurst sold at asking price of $990,000 in 1 day, reflecting strong buyer demand.

🏡 Sample of Quick Sales:

📊 Sold Price vs Listing Price Analysis

Homes that sold quickly often did so in a competitive pricing environment. We calculated the Sold-to-List Price Ratio (Sold Price ÷ Listing Price), a key metric to understand market demand and pricing strategy:

• 🔼 Over List Price (Ratio > 100%):
  ~31% of quick-sale homes sold above their listing price, suggesting bidding wars or underpricing strategies.
  Example:

  • Brentwood Bungalow – Listed at $699,900, sold for $750,000 → 107.1% of list price

  • Southview Bungalow – Listed at $399,900, sold for $430,000 → 107.5%

• ⚖️ At List Price (Ratio ≈ 100%):
  Around 44% of homes sold at list price, indicating accurate market pricing.
  Example:

  • Oakridge Bungalow – Listed and sold at $849,900 → 100%

• 🔽 Below List Price (Ratio < 100%):
  The remaining 25% sold below asking, often due to condition, location, or aggressive negotiation.
  Example:

  • Penbrooke Meadows Bi-Level – Listed at $399,900, sold for $350,000 → 87.5%

📌 Top Performing Communities by Price Strength

🔍 Insight Summary

• Buyers acted fastest in Brentwood, which also had the highest number of quick sales.

• Bungalows remain the dominant preference, likely due to accessibility, layout efficiency, and lot size.

• Homes in inner-city and well-established areas (West Hillhurst, Varsity) sold especially fast, often at or above list price.

• Accurate pricing continues to be crucial. Homes priced close to market value are selling at or above list within days.

What happened in Auburn Bay in May 2025, please find market update here.

Timeframe: May 1–27, 2025
Total SOLD Listings: 33

Current Active Listings: 88
Current Pending Listings: 17

Average Days on Market (DOM): 27.8 days

In May 2025, Auburn Bay’s real estate scene showcased a compelling narrative: homes that combine lifestyle appeal with smart upgrades are selling in under two weeks. A review of the 10 quickest sales DETACHED houses—ranging from 6 to 16 days on market (DOM)—reveals insightful trends about buyer priorities and winning listing strategies.

🔍 Key Trends Among Fast-Selling Listings

1. Speed Sells, But So Does Size

• Average DOM: 11.3 days

• Size Range: 1,194 to 2,586 sq.ft.

• These properties weren’t all small or entry-level; in fact, larger homes (2,200+ sq.ft.) with upgraded features sold just as quickly as mid-sized ones.

2. 🏠 Basement Development Is a Major Draw

• 90% of these homes had fully finished basements.

• Homes with basement suites or rec space appealed to multi-generational families and remote workers.

• Examples:

  • xxx Auburn Bay Ave featured a walk-out suited basement.

  • xxx Auburn Glen Manor had a fully developed basement with a wet bar, bedroom, and rec room.

3. 🚗 Garage Configuration Matters

• All homes had attached or detached double garages, except one with a single attached.

• Heated or oversized garages added extra appeal, particularly for buyers prioritizing winter comfort or storage.

4. ❄️ Comfort Upgrades Move Homes

• Homes with central air conditioning, newer roofs, solar panels, or quartz/granite countertops stood out.

• Example: xxx Auburn Glen Manor included $26K in solar panels and fresh upgrades, making it energy-efficient and modern.

5. 🌿 Backyard & Greenspace Access Is Gold

• Many quick-sellers backed onto green spaces, ponds, or the lake.

• Buyers prioritized privacy, views, and outdoor living—including decks, pergolas, and upgraded landscaping.

6. 🛋️ Interior Layout & Style Matter

• Bright, open-concept main floors with modern kitchens (islands, upgraded appliances, and pantries) were consistent features.

• Homes like xxx Auburn Crest Way featured chef-style kitchens and hardwood floors, attracting style-conscious buyers.

📍 Why Are Buyers Acting So Fast?

Auburn Bay offers:

• Lake access year-round (paddleboarding, skating, beach)

• Family-centered community with top-rated schools, South Health Campus, and shopping nearby

• Limited quality inventory, especially under $850K, pushing buyers to act fast when well-priced homes hit the market

🧠 What This Means for Sellers

• Pricing competitively, even slightly below market, may spark quick interest and multiple offers.

• Prepping your home with minor upgrades (e.g., fresh paint, updated lighting, finished basement) is worth the return.

• Professional photography, open houses, and strong listing descriptions help create momentum in the first 72 hours.

🏁 The fastest-sold homes in Auburn Bay this May highlight a balanced but active market. Buyers know what they want—move-in-ready homes with space, comfort, and curb appeal. For sellers looking to move quickly and profitably, aligning with these expectations is key. For a free evaluation, please submit here.

Priced $30,000 Below City Assessment! Welcome to this beautifully updated 5-bedroom, 3-bathroom home in the highly desirable community of Varsity. Situated on a corner lot just steps from Varsity Ravine Park, this property offers the perfect blend of comfort, convenience, and value. With over 1,800 square feet of developed space, it's ideal for families of all sizes or anyone seeking a spacious, move-in-ready home in northwest Calgary. The main floor features a wide, welcoming entrance that opens into a bright, west-facing living room. Large windows flood the space with natural light, creating a warm and inviting atmosphere for everyday living or entertaining. The open-concept kitchen is both functional and stylish, with ample cabinet space, generous countertops, and quality appliances. The primary bedroom includes a private 2-piece ensuite and a large closet. Two additional bedrooms and a full bathroom complete the main floor. The fully developed basement expands your living space with a large recreation room—perfect for movie nights, hobbies, or a home gym. You'll also find a dedicated office space and two extra bedrooms, making this level ideal for teens, guests, or multi-generational living. You'll also find a dedicated office space and two extra bedrooms, making this level ideal for teens, guests, or multi-generational living. A third full bathroom adds to the home’s comfort and flexibility. Out back, enjoy a large yard and an elevated deck equipped with a gas line—ideal for summer BBQs or relaxing in the sun. A new oversized double garage, built in 2023 and valued at approximately $50,000, offers ample space for two vehicles, bikes, tools, and storage. Additionally, the attached single garage offers potential for conversion into a workshop, guest suite, home office, or recreation room. This home is close to the LRT (a pleasant stroll through the park!), Market Mall (perfect for winter mall walkers!), Bowmont Park (river paths and bike trails!), gyms (brand new GoodLife Fitness!), hospitals, the U of C, and several highly rated schools, including Winston Churchill. It also provides easy access to major routes like Crowchild Tr. and 16th Ave.—making commuting downtown or escaping to the mountains quick and easy. Don’t miss this incredible opportunity to own a spacious, well-maintained home in one of Calgary’s most established and convenient neighborhoods—at a price well below city assessment!

Balanced conditions take pressure off prices

A boost in new listings this month relative to sales caused April inventories to rise to 5,876 units. Although this is more than double the number reported last year, last year’s supply was exceptionally low, and current inventory levels are consistent with what we typically see in April. April sales reached 2,236 units—22 per cent below last year’s levels but in line with long-term trends.

“Economic uncertainty has weighed on home sales in our market, but levels are still outpacing activity reported during the challenging economic climate experienced prior to the pandemic,” said Ann-Marie Lurie, Chief Economist at CREB®. “This, in part, is related to our market's situation before the recent shocks. Previous gains in migration, relatively stable employment levels, lower lending rates, and better supply choice compared to last year’s ultra-low levels have likely prevented a more significant pullback in sales and have kept home prices relatively stable.”

The rise in inventory levels helped the market shift to balanced conditions with nearly three months of supply. However, conditions vary depending on price range and property type. Lower-priced detached and semi-detached properties continue to struggle with insufficient supply, while row and apartment-style homes are seeing more broad-based shifts to balanced conditions.

The additional supply has helped relieve the pressure on home prices following the steep gains reported over the past several years. Benchmark prices for each property type have remained relatively stable compared to last month. However, compared to last year, detached and semi-detached prices are over two per cent higher than last year's levels, while apartment and row-style home prices have remained relatively unchanged.

Detached

Detached sales were 1,102 units in April, a year-over-year decline of 16 per cent. While sales eased across most areas of the city, the South East district has seen sales rise over last year's levels. April saw 1,907 new listings come onto the market, and the sales-to-new-listings ratio remained balanced at 58 per cent. Inventories rose to 2,511 units, and the months of supply rose to 2.3 months. While this is a significant gain over the less than one month of supply reported last year at this time, conditions remain relatively tight, especially in the lower price ranges.

In April, the unadjusted benchmark price reached $769,300, similar to last month but over two per cent higher than last April. The added supply choice, combined with uncertainty, has slowed the pace of price growth. However, with a year-over-year gain of nearly five per cent, the City Centre has exhibited stronger price growth than any other district.

Semi-Detached

Easing sales in April contributed to the year-to-date decline of nearly 16 per cent. The 190 sales in April were met with 350 new listings, and the sales-to-new-listings ratio fell to 54 per cent. This also caused further gains in inventory levels, which reached 484 units. The rise in inventory did help push the market toward balanced conditions with 2.6 months of supply, a significant improvement over the less than one month reported at this time last year.

The shift toward more balanced conditions has slowed the pace of price growth. In April, the unadjusted benchmark price was $691,700, similar to last month and over three per cent higher than last year. The City Centre reported the largest gain, at over five per cent, while prices in the North remained stable compared to last year.
 

Row

April sales slowed for row homes, contributing to the year-to-date decline of 16 per cent. Meanwhile, new listings continued to rise compared to last year, driving the sales-to-new-listings down to 51 per cent. In April, inventories reached 1,005 units, the highest level reported since 2021, and the months of supply rose to nearly three months. Improved supply has taken some of the pressure off prices,

In April, the unadjusted row price was $457,400, a slight gain over last month, but relatively unchanged compared to April of last year and still below last year's peak price reported in June. The pullbacks reported in the North and North East districts offset year-over-year gains in most districts.
 

Apartment Condominium

April sales eased by nearly 30 per cent over last year's record high but were far stronger than long-term trends. While sales have remained relatively strong, new listings in April reached a record high for the month, supporting further gains in inventory levels. With three months of supply in the city, conditions are considered relatively balanced. However, activity does range significantly based on location, impacting price movements.

The North East district reported the highest months of supply at seven months, resulting in a year-over-year price decline of two per cent and a spread of over seven per cent from last year's high. Overall, the April benchmark price in the city was $336,000, similar to last year but still three per cent lower than last year's record high.

Contact us for a Free Home Evaluation.

Rangeview, one of Calgary’s emerging garden-to-table inspired communities, continued its growth trajectory in April 2025 with expanding inventory and rising sales activity. Although prices experienced some downward adjustment across property types, the area’s appeal remains strong due to its innovative design, community gardens, and growing family-friendly infrastructure.

📊 Overall Market Overview

• Total Sales: 9 (↑12.5% Y/Y)

• New Listings: 22 (↑175% Y/Y)

• Inventory: 42 units (↑950% Y/Y)

• Months of Supply: 4.67 (↑833% Y/Y)

• Benchmark Residential Price: $667,500 (↓1.7% Y/Y)

With months of supply rising to 4.67, Rangeview has moved into a more balanced-to-buyers' market, offering greater choice for homebuyers and improved negotiation opportunities.

🏡 Property Type Breakdown

🏠 Detached Homes

• Benchmark Price: $679,900 (↓4.9% Y/Y)

• Trend: Slight downward pressure on pricing

Detached homes remain the predominant product in Rangeview. Although prices have pulled back slightly, this segment still appeals to families attracted to the area’s large lots, growing school options, and proximity to Mahogany and Seton amenities. Buyers are benefiting from more inventory and fewer bidding wars compared to the peak months of 2023–2024.

🏘 Semi-Detached Homes

• Benchmark Price: $598,277 (↓11.8% Y/Y)

• Trend: Price correction observed

Semi-detached homes experienced the most significant price adjustment in April. This offers a window of opportunity for entry-level buyers or downsizers looking for affordability with access to greenspace, pathways, and community events. Inventory expansion in this category has also added pressure on sellers to remain competitive.

🏢 Row / Townhomes

• Benchmark Price: $494,900 (↓13.1% Y/Y)

• Trend: Affordability advantage despite decline

Townhomes continue to attract first-time buyers and investors due to their price point and lower maintenance. The notable price dip reflects a correction from rapid gains in previous quarters. Builders in the area continue to market townhomes from $510,000+, indicating value opportunities in resale units.

🌱 Community Activities & News – April 2025

🥕 Urban Agriculture & Community Gardening

Rangeview continued hosting its signature garden programming this month. Residents participated in:

• Spring planting workshops

• Community composting tutorials

• Garden plot assignments and seeding events

The community’s food-focused design, with edible landscaping and communal greenhouses, is drawing attention from buyers seeking sustainable living.

🏫 Family-Oriented Growth

• Construction started on the first K-6 public school, set to open in 2026

• Weekly pop-up markets returned to the Rangeview Plaza, featuring local produce, artisans, and food trucks

• New daycare and wellness studio opened along Rangeview Boulevard

These amenities and services add to the neighborhood's appeal for young families and health-conscious buyers.

📈 Market Outlook

Rangeview is transitioning from a niche concept to a vibrant, full-service community. While short-term price corrections have occurred due to inventory buildup, long-term demand remains supported by:

• Unique garden-centric urban planning

• Proximity to Seton, South Health Campus, and Mahogany retail hubs

• Family-focused amenities under development

Buyers looking to establish roots in a progressive, lifestyle-driven community will find exceptional opportunities in Rangeview during this market phase.

Contact us for a Free Home Evaluation.

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