Calgary Real Estate Market Update – November 2025

by | Dec 10, 2025 | Blog, Real Estate Market Stats - Calgary and Area

Calgary Real Estate Market Update – November 2025

Calgary Real Estate Market Update – November 2025

Balanced Conditions, More Choice, and Key Shifts Heading Into Winter

As we step into the winter season, the Calgary real estate market continues to show signs of stabilization — even as inventory levels climb and buyer opportunities expand. Whether you’re planning to buy, sell, or invest in 2026, November’s data reveals important trends that every homeowner and future homeowner should understand.

Here’s your in-depth, easy-to-follow breakdown of what’s happening in the Calgary housing market, including detached, semi-detached, row, and apartment sectors — plus regional insights for Airdrie, Cochrane, and Okotoks.

Calgary Market Overview: More Inventory, More Choice, and Slower Seasonal Activity

In November, the Calgary market recorded:

  • 1,553 sales

  • 2,251 new listings

  • A sales-to-new-listings ratio of 69%, indicating balanced conditions

  • 5,581 active listings — 28% higher than last year

  • Benchmark price: $559,000 (down nearly 5% year-over-year)

The rise in inventory is giving buyers more breathing room compared to the intense seller’s markets of the past few years. However, the impact varies widely by property type.

CREB® Chief Economist Ann-Marie Lurie notes that higher supply is being driven largely by the row and apartment sectors, where new construction is feeding more resale options into the market — especially late in the year. While apartment and some row homes are seeing buyer’s market conditions, detached and semi-detached remain relatively balanced across most districts.

Detached Homes: Stable, Balanced, and Still Holding Long-Term Value

Detached sales reached 823 units, only slightly below last year. New listings have eased, but inventory remains elevated compared to 2024 — now more in line with long-term seasonal trends.

Key highlights:

  • Benchmark price: $733,000 (↓2% YoY, but ↑1% YTD)

  • Months of supply: ~3 months → balanced

  • Price softening is mostly concentrated in NE, North, and East Calgary, where new-build competition is strongest.

What it means:
Detached homes continue to be one of Calgary’s most resilient segments. Seasonal softening is expected, but long-term values remain strong. Sellers who prep and price strategically are still achieving excellent results.

Semi-Detached Homes: Strongest Year-to-Date Price Growth

Semi-detached homes held steady with sales similar to last November, but higher-than-usual new listings pushed inventory to its highest November level in five years.

  • Benchmark price: $671,700 (flat YoY, ↓ slightly MoM)

  • YTD price growth: Nearly 3%, the strongest of all property types

  • Months of supply: Just above 3 months → balanced-to-softening

The City Centre leads the pack with 4% annual price gains, helping offset slight declines in northern districts.

What it means:
This category remains a favourite among move-up buyers and downsizers seeking more space without the detached price tag. Balanced conditions provide opportunities on both sides of the transaction.

Row Homes: More Supply = Price Adjustments

Row home sales eased to 257 units, still above long-term norms but notably lower than last year’s record November.

  • Inventory levels are the highest since 2018

  • Months of supply: Slightly elevated for three consecutive months

  • Benchmark price: $424,400 (↓6% YoY, ↓ MoM)

While some declines are seasonal, year-to-date pricing is now below 2024 levels.

What it means:
Buyers have increasing leverage in this segment. Sellers should position carefully and expect more negotiation compared to the past three years.

Apartment Condominiums: The Most Buyer-Friendly Market

The apartment sector continues to be the most supply-heavy segment:

  • Inventory hit a record November high

  • Months of supply: ~6 months → buyer’s market

  • Benchmark price: $309,300 (↓7% YoY)

The largest price declines occurred in the North East (↓5%), while the West district held steady.

What it means:
Buyers have exceptional choice and negotiating power. Investors will especially want to watch this segment as pricing corrects and rental demand remains strong city-wide.

Regional Market Highlights

Beyond Calgary, surrounding communities are seeing unique shifts shaped by inventory flows, new-build activity, and local demand patterns.

Airdrie: Elevated Inventory Softens Pricing

Inventory remains high due to increased new-home supply, placing modest downward pressure on detached prices.

  • Benchmark prices for detached: ↓1% YoY

  • Sales + new listings tracking with long-term seasonal averages

  • Inventory remains elevated from earlier gains

Takeaway:
Still a popular market for families, but pricing is adjusting slightly from recent highs.

Cochrane: Record-High November Inventory, But Prices Hold

Cochrane posted a record high for November new listings, pushing inventory to levels not seen since 2018.

Despite this:

  • Sales remained relatively strong

  • Detached benchmark prices are up nearly 2% year-to-date

Takeaway:
More supply is creating balance, but Cochrane’s desirability continues to support values.

Okotoks: Tight Market Keeps Prices Strong

Okotoks stands out as one of the region’s most supply-constrained markets.

  • Sales improved month-over-month

  • Inventory remains low

  • Benchmark prices remain higher YTD across all property types

Takeaway:
With limited supply and consistent demand, Okotoks remains one of the most competitive suburban markets.

What This Means If You’re Buying or Selling in 2026

For Buyers:

  • More inventory = more negotiating power

  • Best opportunities are in the apartment and row markets

  • Detached homes offer stability for long-term planning

  • Interest rate outlook for 2026 may open further affordability

For Sellers:

  • Presentation and pricing strategy are everything in a cooling market

  • Detached & semi-detached homes remain strong performers

  • Increased competition means strategic marketing is essential

  • Seasonal trends favour sellers who list early in the new year

Your Next Move Starts with Expert Guidance

The Calgary market is shifting — but with clarity, strategy, and up-to-date insights, you can make a confident move no matter the season.

If you’re thinking about buying or selling, now is the perfect time to plan ahead. Let’s talk about your goals and build the right strategy for 2026.

📩 Send me a message anytime or request a personalized market evaluation.📞 Ready to get started? Let’s make your next move a Positive one.

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

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

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