Calgary Real Estate Market Update – March 2025
How Tariff Uncertainty and Rising Inventory Are Shaping Today’s Market
The Calgary real estate market is seeing some notable shifts this spring, as ongoing economic uncertainty and tariff threats continue to weigh on consumer confidence. According to the latest data from CREB®, March 2025 reported a 19% decline in sales year-over-year, with a total of 2,159 units sold across the region. While demand has eased across all property types, the largest slowdowns have occurred in higher-density segments like condos and row homes.
A Shift Toward Balanced Market Conditions
Although sales have slowed, it’s important to recognize that activity levels remain stronger than the challenges we saw between 2015 and 2020. What’s changing now is the balance between buyers and sellers. With over 4,000 new listings hitting the market in March alone, inventory levels have risen to 5,154 active listings, pushing the sales-to-new-listings ratio down to 54%. The months of supply have also increased to 2.4 months, signaling a transition away from the heated seller’s market we’ve seen over the past four years.
“It is not a surprise to see a pullback in sales given the uncertainty,” shared Ann-Marie Lurie, Chief Economist at CREB®. “However, it’s worth noting that sales still remain stronger than during past economic downturns.”
Price Growth Slows but Remains Steady
The rising inventory levels have helped ease upward pressure on home prices. The benchmark price for all residential properties in March held relatively steady at $592,500, showing stability compared to both last month and the same period last year.
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Detached and semi-detached homes remain strong, holding near their price peaks.
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Apartment and row-style homes continue to sit just below last year’s high-water marks.
Market conditions continue to vary significantly depending on the property type, price point, and location, reinforcing the need for strategic pricing and guidance whether you’re buying or selling.
What This Means for Buyers and Sellers
With more inventory available and pricing stabilizing, buyers have greater options and a bit more breathing room to make informed decisions. For sellers, it’s a key time to stay competitive—proper pricing, home preparation, and strong marketing remain essential to attract serious buyers in this more balanced environment.
✅ Want More Insights?
Curious about how these market shifts affect your buying or selling plans? Connect with our team for a personalized market evaluation or home search strategy.
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