McKenzie Towne, one of Calgary’s most desirable suburban communities, experienced a mixed real estate market in January 2025. While home prices remained strong, sales declined due to shifting market conditions.

Market Highlights:

• Total Residential Sales: 17 homes sold (-45% year-over-year).

• Benchmark Price: $493,700 (+3.9% year-over-year).

• Detached Homes: Benchmark price of $638,500 (+8% YoY).

• Semi-Detached Homes: Benchmark price of $473,500 (+7% YoY).

• Row Homes: Benchmark price of $428,700 (+6% YoY).

• Apartments: Benchmark price of $330,400 (+4% YoY).

• New Listings: 24 homes listed, a 40% decrease from last year.

• Inventory: 28 active listings, up 56% from January 2024.

• Months of Supply: 1.65, indicating a more balanced market compared to previous months.

Market Trends:

McKenzie Towne’s sales have dropped by 45% year-over-year, largely due to reduced new listings and shifting buyer demand. Despite fewer sales, home prices have continued to rise, particularly for detached homes, which saw the highest price growth (+8%).

The increase in active listings (+56%) means buyers now have more options, potentially slowing the rapid price appreciation seen in previous months. However, with only 1.65 months of supply, McKenzie Towne is still in a seller’s market, though conditions are easing.

If inventory continues to rise in 2025, price growth may moderate, creating more opportunities for buyers who have faced tough competition over the past year.

Community Features:

Shopping & Amenities

McKenzie Towne is known for its vibrant shopping and dining scene, with High Street at the heart of the community. Residents enjoy access to:

• McKenzie Towne Centre – A mix of grocery stores, coffee shops, and restaurants.

• South Trail Crossing – A large retail hub with big-box stores like Walmart, Home Depot, and Superstore.

• 130th Avenue SE Shopping District – A major commercial corridor with a wide variety of retail and dining options.

Transportation

McKenzie Towne offers excellent public transit and road connectivity, including:

• Access to Deerfoot Trail & Stoney Trail, making commuting to downtown Calgary or other parts of the city easy.

• Calgary Transit Express Bus Routes, with connections to the downtown core and LRT stations.

• Proposed Green Line LRT Extension, which could improve transit access in the future.

Outlook for 2025

• Expect slower price growth if inventory continues to rise.

• The market remains favorable for sellers, though buyers have more choices now.

• Detached and semi-detached homes remain in high demand, driving price appreciation.

• The area's shopping and transit options continue to make McKenzie Towne a top choice for families and professionals.

在经历连续三年供应选择受限后，1月份的库存水平上升至3,639套。尽管库存同比增长了70%，这一增幅十分显著，但库存水平仍低于1月份通常会见到的4,000多套。所有物业类型的库存均有所增加，其中公寓式公寓的增长尤为显著。

预计今年供应水平将有所改善，这将有助于市场趋于平衡，价格增长放缓。然而，不同物业类型的供应调整并不均衡。相较于销售情况，我们仍然看到独立屋、半独立屋和排屋的市场持续紧张，而高价位的公寓式公寓则出现供应过剩的迹象。

全市范围内，1月份的供应月数达到2.5个月，相较于去年1个月的供应月数有所改善，但仍然低于冬季的正常水平。供应月数因物业类型而异，半独立屋的供应不足两个月，而公寓式公寓的供应则达到3.5个月。供应增加主要受新挂牌房源增长的推动，而销售增长较缓。1月份新挂牌房源数量达到2,896套，而销售量为1,451套。1月份的销售量同比下降了12%，但即便如此，销售水平仍比通常1月份的水平高出近30%。

1月份全市住宅基准价格为$583,000，相较于去年年底的水平保持相对稳定，比去年1月份高出近3%。价格增长因城市各个区域及物业类型而有所不同。

独立屋
受$60万以上房屋销售增长的推动，1月份新挂牌房源达到1,228套，比去年增长29%。与此同时，销售活动放缓至674套，使销售水平回归长期趋势。新挂牌房源的增加相对于销售有所改善，帮助库存水平上升。然而，库存总量1,448套仍比通常1月份的水平低近27%，供应月数仍然相对较低，仅略高于两个月。

虽然市场状况不像去年那么紧张，但不同城区之间仍存在差异，市中心和东北区的市场正在趋于平衡。1月份，未经调整的基准价格为$750,800，略高于上个月，比去年1月高7%。经季节性调整后，自去年下半年以来，价格整体保持相对稳定。

半独立屋
与其他房产类型类似，新挂牌房源的增长相对于销售的提升帮助库存水平有所增加。尽管半独立屋在整体市场中的占比相对较小，但1月份的销售较去年有所改善，使供应月数保持在不到两个月。

在不同城区，市场状况存在显著差异。市中心、东北区和西区的供应月数接近或超过三个月，而其他城区的供应月数均低于两个月。

1月份，未经调整的基准价格为$673,600，略低于上个月，但比去年1月高超过8%。供应较高的城区出现了小幅的月度价格下降，但北区、西北区、南区、东南区和东区则保持稳定或出现小幅增长。

排屋
1月份，新挂牌房源增长快于销售，使库存水平上升至589套，是去年1月接近历史最低水平的两倍以上。近期新挂牌房源的增加使库存回归到更符合长期趋势的水平。同时，供应月数也有所改善，超过两个月，这一趋势自去年下半年开始逐步显现。

供应的改善在一定程度上缓解了房价上涨的压力，但这一情况在全市范围内并不均衡。全市1月份未经调整的基准价格为$444,900，略低于上个月，但比去年同期高近5%。尽管所有城区的房价都比去年高，但东北区的月度调整幅度最大。

共管公寓
1月份，销售量降至370套，低于去年同期的历史最高水平。同时，新挂牌房源达到922套，创下1月份的新高。新挂牌房源的增长快于销售，使库存增加至1,295套。虽然销售仍然相对强劲，但供应的增加使供应月数上升至3.5个月。尽管这一水平高于过去三年，但仍远低于疫情前（2020年1月）9个月的供应水平。

过去五个月，更充足的供应选择对价格造成了一定压力。1月份，未经调整的基准价格为$331,400，略低于上个月，但仍比去年同期高5%。与其他物业类型类似，不同城区的价格调整幅度不一。其中，北区、西区和南区的月度跌幅最大。

卡尔加里周边城镇

Airdrie
1月份的销售量与上个月和去年同期的水平保持一致，远高于长期趋势。然而，由于新挂牌房源的增加，库存水平有所改善，供应月数连续第五个月保持在两个月以上。尽管2.6个月的供应仍低于艾尔德里的历史趋势，但相比自2021年以来持续低于两个月的情况，这一改善是显著的。二手房和新房市场供应的增加在一定程度上缓解了房价的上涨压力。1月份，未经调整的基准价格为$537,300，较上个月有所下降，但比去年同期高近4%。

Cochrane
与其他地区类似，科克伦的市场也出现了新挂牌房源和库存水平的改善。1月份，新挂牌房源104套，而销售量为71套，库存增加至156套。尽管1月份的库存水平优于过去三年的水平，但仍低于该月份的长期趋势。与艾尔德里一样，Cochrane的供应月数已连续第五个月保持在两个月以上，缓解了房价上涨的压力。1月份，未经调整的基准价格为$565,900，较上个月下降，但比去年1月高近5%。

Okotoks
与科克伦和艾尔德里不同，奥科托克斯的新挂牌房源较去年仍保持在较低水平。虽然销售的减少在一定程度上支持了库存的改善，但1月份的库存仅68套，仍然只有疫情前1月份库存水平的一半。自2021年以来，供应紧张一直是该市场房价上涨的主要推动力。截至1月份，未经调整的基准价格为$614,900，较上个月小幅上涨，比去年同期高近5%。

更多卡尔加里房地产资讯，请查看链接。

Between December 2024 and January 2025, Calgary's real estate market exhibited notable trends, particularly in the New Brighton SE community.

Calgary Market Overview:

• Sales Activity: December 2024 recorded 1,322 sales, a slight 3% decrease from the previous year, yet nearly 20% above long-term trends. January 2025 saw 1,451 sales, marking a 12% year-over-year decline but still approximately 30% higher than typical January figures.

• New Listings and Inventory: December's inventory stood at 2,989 units, while January experienced a significant 70% year-over-year increase to 3,639 units. New listings in January reached 2,896, indicating an improvement in supply.

• Benchmark Prices: The total residential benchmark price was $583,300 in December 2024 and remained stable at $583,000 in January 2025, reflecting a 2.8% year-over-year increase.

New Brighton SE Specifics:

• December 2024: The benchmark residential price in New Brighton reached $547,500, a 5.3% year-over-year increase. Inventory remained tight with only 4 new listings and 12 sales, resulting in 0.83 months of supply.

  Sell Calgary House

• Property Breakdown:

  • Detached Homes: Average price of $669,600, showing solid appreciation.

  • Semi-Detached Homes: Benchmark price at $579,600.

  • Row/Townhouses: Average price of $447,200, reflecting growing demand.

  • Apartments: Average price at $351,100, offering an affordable entry point.

Specific data for New Brighton in January 2025 is not available. However, given the citywide trends of increased inventory and stable pricing, it's plausible that New Brighton experienced similar patterns.

Community Features:

• Recreation: The New Brighton Club offers amenities such as tennis courts, a splash park, skating rinks, and playgrounds, fostering a vibrant community lifestyle.

• Shopping and Schools: The area is well-served by shopping centers like McKenzie Towne High Street and South Trail Crossing, providing a mix of grocery stores, restaurants, and retail shops. Educational institutions, including St. Marguerite School and Dr. Martha Cohen School, are known for quality programs and extracurricular activities.

In summary, from December 2024 to January 2025, Calgary's real estate market showed increased inventory and stable prices. New Brighton SE mirrored these trends, maintaining its appeal due to robust community features and amenities.

Overall Market Performance

• Total Residential Sales: 22 units (-15% Y/Y)

• New Listings: 32 units (-22% Y/Y)

• Sales-to-New Listings (S/NL) Ratio: 0.69 (a more balanced market)

• Inventory: 34 active listings (+17% Y/Y)

• Months of Supply: 1.55 months (up from last year but still indicating a seller’s market)

• Days on Market (DOM): 31 days (slightly higher than previous months)

• Benchmark Price: $633,300 (+3.1% Y/Y)

• Median Price: $596,250 (+72.6% Y/Y)

• Average Price: $633,649 (+37.1% Y/Y)

• Sales-to-List Price Ratio (SP/LP): 99.0% (homes are selling close to asking price)

Market Breakdown by Property Type

Detached Homes

• Sales: 12 units (no change Y/Y)

• New Listings: 11 units (-31% Y/Y)

• Inventory: 12 units (-31% Y/Y)

• S/NL Ratio: 1.00

• Months of Supply: 1.00 (tight market, favoring sellers)

• Benchmark Price: $812,000 (+7% Y/Y)

📌 Trend:
Detached home prices continue to rise due to strong demand, but the lower supply may limit transaction volume.

Semi-Detached Homes

• Sales: 6 units (N/A – no data for last year)

• New Listings: 4 units (+100% Y/Y)

• Inventory: 1 unit (-50% Y/Y)

• S/NL Ratio: 0.17

• Months of Supply: 0.17 (extreme seller’s market)

• Benchmark Price: $528,200 (+8% Y/Y)

📌 Trend:
With extremely limited supply, semi-detached homes are in very high demand, leading to continued price appreciation.

Row/Townhomes

• Sales: 4 units (-50% Y/Y)

• New Listings: 8 units (-20% Y/Y)

• Inventory: 7 units (stable Y/Y)

• S/NL Ratio: 0.50

• Months of Supply: 1.75 months (indicating a shift toward a balanced market)

• Benchmark Price: $461,000 (+6% Y/Y)

📌 Trend:
The slowdown in sales and increased inventory has eased price growth pressure, stabilizing the row home market.

Apartment Condos

• Sales: 0 units (-100% Y/Y)

• New Listings: 9 units (-31% Y/Y)

• Inventory: 14 units (stable Y/Y)

• S/NL Ratio: N/A

• Months of Supply: N/A

• Benchmark Price: $364,100 (+4% Y/Y)

📌 Trend:
No apartment sales were recorded in January, suggesting weakened demand and an oversupplied market, which may lead to price stagnation or slight declines in the coming months.

Key Market Trends & Takeaways

1. Tight supply for detached and semi-detached homes is driving prices up, particularly in the under $1M price range.

2. Row homes are approaching a balanced market, with inventory keeping price growth in check.

3. Apartment condos continue to struggle, with an oversupply and no sales recorded in January.

4. Overall, the Auburn Bay market remains strong, with price appreciation in most segments.

5. Buyers have more options compared to last year, as inventory levels have improved slightly.

Conclusion

• Detached and semi-detached homes remain in high demand, pushing prices upward.

• Row homes are stabilizing, while the condo market faces challenges due to oversupply.

• Overall, Auburn Bay's market is still a seller's market, but trends suggest a gradual shift toward more balanced conditions.

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The real estate market in New Brighton experienced significant activity in the fourth quarter of 2024. Key statistics include:

• Sales: 51 transactions, marking a 41.67% increase compared to the previous year.

• New Listings: 48, up by 37.14% year-over-year.

• Sales-to-New-Listings (SNL) Ratio: 106.25%, indicating a strong seller’s market.

• Average Days on Market: 28, slightly up by 6.22% year-over-year.

• Months of Supply: 1.41, showing a 100% increase from the previous year but still maintaining a competitive demand.

Property Prices

• Benchmark Price: $549,467 (5.67% year-over-year growth).

• Median Price: $592,000 (4.7% increase from Q4 2023).

• Average Price: $585,613 (9.2% increase).

• Detached Homes Benchmark Price: $669,933.

• Semi-Detached Benchmark Price: $580,300.

• Row Homes Benchmark Price: $450,433.

• Apartments Benchmark Price: $357,867.

Sales by Property Type

• Detached homes saw the most activity, followed by semi-detached and row homes.

• Apartments made up a smaller segment of sales, maintaining affordability.

Community Features

Schools

• New Brighton School (K-4): A well-rated elementary school within the community.

• Dr. Martha Cohen School (5-9): Serves middle school students from New Brighton and surrounding areas.

• Joane Cardinal-Schubert High School: Located nearby in Seton, providing high school education with advanced learning opportunities.

Shopping & Amenities

• McKenzie Towne Centre: A popular shopping district with grocery stores, banks, and restaurants.

• Seton Urban District: Features a large YMCA, South Health Campus, retail stores, and entertainment options.

• 130th Avenue Shopping Corridor: Home to major retailers like Walmart, Canadian Tire, Superstore, and numerous dining establishments.

Overall, Q4 2024 reflected a strong and active market in New Brighton, with rising home prices and sustained buyer demand. The community continues to be a desirable location for families due to its excellent schools, amenities, and accessibility.

The Seton real estate market experienced significant changes in January 2025, with 15 residential sales, marking a 46% decline year-over-year. The benchmark residential price increased by 4.8%, reaching $474,500.

• Detached Homes: The benchmark price rose 6.2% to $770,000, with 2 sales recorded.

• Semi-Detached Homes: Prices increased 7% to $591,100, though no sales were recorded in January.

• Row Homes: The benchmark price climbed 5% to $472,200, with 8 sales.

• Apartments: The benchmark price grew 4% to $376,100, with 5 units sold in January.

Seton saw a sharp rise in inventory, reaching 95 available units (up 197% from last year). New listings surged to 66 (up 175%), resulting in a months of supply level of 6.33, indicating a buyer’s market.

Community Shopping & Retail Features

Seton is known for its comprehensive urban district, offering a range of shopping, dining, and entertainment options:

• Seton Urban District – A vibrant commercial hub featuring grocery stores, boutique shops, and essential services.

• Seton Shopping Centre – A retail hub with major brands, fitness centers, and diverse dining options.

• South Health Campus Shopping Plaza – Home to pharmacies, medical offices, and convenience stores.

• Cineplex Seton – A state-of-the-art theater offering premium movie experiences.

Healthcare & South Health Campus

One of Seton’s most attractive features is the South Health Campus, a leading medical facility in Calgary:

• Emergency & Specialized Care – Provides 24/7 emergency services, surgeries, and specialized treatments.

• Advanced Research & Teaching Hospital – Connected with the University of Calgary, offering cutting-edge medical research.

• Wellness & Community Health Services – Includes rehabilitation, mental health programs, and wellness initiatives.

With strong real estate growth, expanding retail amenities, and access to premier healthcare, Seton remains a key destination for homebuyers and investors.

Mahogany’s real estate market showed strong performance in January 2025, with 28 residential sales, marking a 75% increase year-over-year. The benchmark residential price reached $587,700, reflecting a 3.3% annual increase.

• Detached Homes: The benchmark price rose 6% to $818,700, with 11 sales recorded.

• Semi-Detached Homes: Prices climbed 8% to $577,000, with 7 homes sold in January.

• Row Homes: The benchmark price increased by 6% to $490,500, with 3 sales.

• Apartments: Prices grew 5% to $356,700, with 7 sales, reflecting a 75% increase year-over-year.

Mahogany continues to experience strong demand, with inventory levels rising to 80 units (a 54% increase) and new listings reaching 62 (up 68%). The months of supply now stands at 2.86, indicating a balanced market.

Lake Lifestyle & Outdoor Amenities

A key attraction of Mahogany is Calgary’s largest freshwater lake, offering a unique four-season lifestyle:

• Beach Access & Water Activities – The 63-acre Mahogany Lake provides residents with opportunities for swimming, kayaking, paddleboarding, and fishing in the summer.

• Two Private Beach Clubs – Exclusive for residents, these clubs offer sandy beaches, picnic areas, and recreational facilities.

• Winter Activities – The frozen lake transforms into a skating rink and hosts winter festivals and community events.

• Walking & Biking Trails – Over 22 km of scenic pathways connect the community, making it ideal for outdoor enthusiasts.

Community Shopping & Conveniences

Mahogany offers a mix of retail and dining options within and around the community:

• Mahogany Village Market – A central retail hub featuring grocery stores, restaurants, coffee shops, and essential services.

• Auburn Bay & Seton Shopping Centers – Located nearby, providing big-box retailers, clothing stores, and entertainment options.

• Future Urban Village Development – Planned expansions will bring more boutique shops, dining experiences, and professional services.

With its thriving real estate market, premier lake amenities, and growing retail infrastructure, Mahogany remains one of Calgary’s most desirable communities for homebuyers and investors.

Real Estate Market Trends

• Sales Activity: 11 total residential sales in January, reflecting a 15% decrease year-over-year.

• New Listings: 15 new listings, a 7% increase compared to January 2024.

• Inventory: 9 available homes, down 31% from the previous year.

• Benchmark Price: $875,700 for total residential properties, up 3.7% year-over-year.

• Months of Supply: 0.82 months, indicating a strong seller’s market.

Detached Homes 🏡

• Benchmark Price: $1,239,600 (6% Y/Y increase)

• Sales Activity: 4 sales, down 43% year-over-year.

• New Listings: 8 new listings, a 14% increase from January 2024.

• Inventory: 5 active listings, indicating a low supply compared to demand.

• Market Trend: Despite rising prices, detached home sales slowed due to affordability concerns and limited supply.

Row Homes (Townhouses) 🏘️

• Benchmark Price: $544,000 (up 9% Y/Y)

• Sales Activity: 4 sales, up 100% compared to last year.

• New Listings: 5 new listings, a 67% increase from January 2024.

• Inventory: 3 active listings, making it a competitive market.

• Market Trend: Strong demand for affordable housing options has driven up both prices and sales in the row-home sector.

Apartments (Condos) 🏢

• Benchmark Price: $429,800 (up 9% Y/Y)

• Sales Activity: 3 sales, the same as last year.

• New Listings: 2 new listings, down 33% from January 2024.

• Inventory: 1 active listing, reflecting a tight market with very few options available.

• Market Trend: Demand remains stable, but low new listings and inventory constraints are driving up prices.

Local Amenities

• Schools: Aspen Woods is known for top-rated schools such as Webber Academy, Calgary Academy, and Rundle College. Public school options include Dr. Roberta Bondar School and Ernest Manning High School.

• Public Transit: The nearest LRT station is 69th Street Station, providing direct access to downtown Calgary. Bus routes also serve the area for added convenience.

• Shopping & Lifestyle: Aspen Landing Shopping Centre offers various retail stores, dining, and professional services. Westhills and Signal Hill shopping centers are a short drive away for additional shopping options.

Overall Market Summary

• Total residential price: $875,700 (up 3.7% Y/Y).

• Total sales: 11 homes sold (down 15% Y/Y).

• Months of Supply: 0.82 months, indicating a seller’s market.

Key Takeaways:
✔️ Detached homes remain the most expensive but are seeing fewer transactions due to high prices.
✔️ Row homes (townhouses) are in high demand, with prices and sales both rising.
✔️ Apartments (condos) are appreciating in value but have very limited inventory.
✔️ Semi-detached homes have no movement, likely due to low turnover rates.

The Rangeview real estate market demonstrated steady growth in January 2025, with 15 residential sales, reflecting a 114.3% increase year-over-year. The benchmark residential price climbed to $695,000, marking a 10.3% annual growth.

• Detached Homes: The benchmark price reached $744,999, reflecting a 4.9% annual increase.

• Semi-Detached Homes: Prices rose 10.3% year-over-year to $693,750, with 4 sales recorded.

• Row Homes: Sales were lower, but the median price increased by 7.2% to $560,000.

• Apartments: No apartment sales were recorded in January.

Inventory in Rangeview increased significantly, reaching 24 available units, marking a 213% rise compared to the previous year. New listings surged to 31 (up 121%), bringing the months of supply to 4.8, indicating a balanced-to-buyers market.

Community Hospital Features – South Health Campus

Rangeview benefits from its proximity to South Health Campus, a premier medical facility located in nearby Seton.

• 24/7 Emergency Services – Provides immediate care for critical medical needs.

• Advanced Medical Specialties – Features departments for cardiology, orthopedics, oncology, and neurology.

• Surgical & Trauma Care – Offers state-of-the-art surgical suites and post-operative recovery services.

• Teaching & Research Hub – A key partner with the University of Calgary’s medical faculty, advancing healthcare innovation.

• Wellness & Rehabilitation Programs – Includes mental health support, physiotherapy, and chronic disease management.

Future Outlook

With rising property values, expanding healthcare access, and increasing community development, Rangeview is becoming an attractive location for families, professionals, and investors.

By Joel Schlesinger  •  for the Calgary Herald

More than 60 per cent of new units under construction in November were apartment-style condos. Photo by Brent Calver /Postmedia

Calgary’s resale real estate market is poised for a strong year — though growth will be at a slower pace than recent years — but the threat of tariffs from the United States could dramatically change the outlook as the province’s economy might be thrown into a recession.

That’s the assessment of the Calgary Real Estate Board’s 2025 forecast, which envisions two possible outcomes — one good and one bad for the city’s real estate and economy this year.

“If it wasn’t for this risk, the outlook would have been a little different, probably brighter — though the market is in good shape heading into the year,” says Ann-Marie Lurie, chief economist with CREB.

Indeed, the outlook speaks to strong conditions for the real estate market should tariffs not become an issue.

Sales are expected to remain 20 per cent above the historical average, reflecting the strength of demand in the market, particularly for affordable single-family detached homes.

As well, interest rates are forecast to fall even more this year, expanding purchasing power for prospective buyers.

CREB predicts the city should see more than 26,000 sales this year, though activity will mark a slightly declining trend since the record high of 2022.

Supply is expected to expand with the report adding that increased supply from a record level of new home starts will shift the market into more balance between buyers and sellers. About 29 per cent of the more than 22,600 starts last year were single-family detached homes, but multi-family development has been very robust.

Of all the 23,700 housing unit types under construction in November, 30 per cent were rental and 61 per cent were apartment condo homes.

This activity will likely put downward price pressure on the resale apartment and rental market this year “That’s where we will likely see some adjustments with more choice, which will limit some of the price growth,” Lurie says.

Overall, prices in the resale market are expected to climb, especially for single-family detached homes priced under $1 million. As well, sales are expected to be slightly higher than last year due to rising supply of homes priced above $600,000 and pent-up demand.

Row and semi-detached homes should see modest price and sales growth. Increased supply will likely keep prices from exceeding three per cent growth year over year in all three segments. In contrast, significantly more supply in the apartment market — partly due to new construction — is likely to keep sales strong, but prices could fall about three per cent, CREB forecasts.

Much of the forecast is dependent on what happens south of the border. The report, in turn, also painted a more dire scenario involving the Trump administration implementing tariffs on Canadian exports to the U.S. — including oil and gas, Canada’s largest export to the U.S. — which could be in place as early as Feb. 1.

The forecast notes the tariffs are likely to harm the province’s economy, possibly pushing it into recession, negatively affecting employment and consumer confidence.

The resale market would also be hit, Lurie says

“You’d have all this supply coming on just as demand is negatively affected.” Still, it’s likely that any ill outcome from the tariffs would not send prices below pre-pandemic levels, she adds.

As well, the report notes the tariffs could be fleeting or may never emerge at all. In either case, the housing market would then be on track for a strong year that reflects more balance for buyers and sellers.

“Despite that one risk, market conditions are still pretty good by historical norms,” Lurie says.

For Calgary Real Estate summary in January, please read the link here.

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The Calgary real estate market is expected to maintain its robust performance in 2025, supported by strong population growth, easing lending rates, and improved housing supply. Forecasted sales of over 26,000 units remain 20% above long-term trends, reflecting resilience in housing demand despite economic uncertainties. Price growth is anticipated to moderate, with a citywide annual increase of approximately 3%, compared to 7% in 2024.

Key Economic Drivers

1. Population Growth

   • Population growth in Calgary is projected at 3.1%, down from 5.6% in 2024. Although migration is slowing, it remains a significant driver for housing demand.

   • Alberta’s overall population growth is expected to stabilize at 1.9%, bolstered by both interprovincial and international migration.

2. Economic Stability

   • Alberta's economy is poised for a 2.5% growth rate in 2025, driven by investments in alternative energy, carbon capture, food manufacturing, and AI technologies.

   • A potential easing of international tariffs could amplify economic growth, with stronger-than-expected migration and housing demand as likely outcomes.

3. Employment Trends

   • Employment is forecasted to grow by 2.3% in 2025, with notable gains in construction, retail, healthcare, and education sectors.

   • The unemployment rate is projected to decrease slightly to 7.8% by year-end.

Calgary Market Dynamics

1. Detached Homes

   • Sales Forecast: Detached home sales are expected to grow modestly, supported by easing lending rates and increased supply.

   • Price Growth: Prices are forecasted to rise by 2.9%, down from the 10.8% increase in 2024. Inventory growth in the $600,000+ range will aid in balancing the market.

   • Challenges: Demand in lower price segments may outstrip supply, resulting in localized price pressures.

2. Semi-Detached Homes

   • Demand: Affordability challenges in the detached segment are expected to sustain demand for semi-detached homes, with sales forecasted at 2,400 units.

   • Price Growth: Prices are anticipated to increase by 3.1%, aided by inventory growth and a shift toward balanced conditions.

3. Row Homes

   • Affordability: Demand for row homes will be driven by affordability, particularly in the $400,000–$500,000 range.

   • Inventory: Rising supply will help moderate price growth to 3.4%, compared to 14.2% in 2024.

4. Apartment Market

   • Market Balance: Increased new home completions and easing rental demand will shift the market toward more balanced conditions.

   • Price Growth: Annual price increases are forecasted at 1.8%, with lower-priced units maintaining stronger demand.

Surrounding Areas

1. Airdrie

   • Benchmark price: $642,075 (+9.1% YoY).

   • Rising inventory and record new construction are improving market conditions.

2. Cochrane

   • Benchmark price: $664,625 (+9.0% YoY).

   • Supply constraints continue, but new listings are helping ease market tightness.

3. Okotoks

   • Benchmark price: $693,933 (+9.1% YoY).

   • Persistent inventory shortages are driving price growth.

4. Chestermere

   • Benchmark price: $796,067 (+8.2% YoY).

   • Detached homes dominate the market, with strong demand in semi-detached and row homes.

Risks and Opportunities

1. Downside Risks

   • Prolonged economic uncertainty or broader U.S. tariffs could dampen consumer confidence and housing activity.

   • Rising inventory amid slowing demand might pressure prices in some segments.

2. Upside Risks

   • Faster-than-expected economic recovery and easing tariffs could bolster migration, sales, and price growth.

   • A significant reduction in lending rates could reinvigorate the market, particularly for first-time buyers.

Conclusion

Calgary’s real estate market in 2025 is set to remain resilient, with steady sales and price growth despite moderating economic conditions. The shift toward balanced market dynamics, driven by rising supply and easing demand pressures, indicates a healthier, more sustainable housing environment. 

This forecast report is derived from detailed data provided in the CREB® 2025 Yearly Outlook. Let me know if you’d like further refinements or additional details!