Calgary residential sales decrease by 12% in July, reaching inventory levels similar to pre-pandemic times.
In July 2025, the Calgary real estate market demonstrated a shift in activity, with home sales declining and inventory levels rising, according to the Calgary Real Estate Board (CREB).
The CREB reported a 11.6% decrease in home sales compared to the same period in 2024, with 2,099 homes sold in July 2025. This decline was accompanied by an 8.6% increase in new listings, reaching 3,911 units. As a result, the city's inventory reached 6,917 homes for sale, marking a 66.1% surge compared to the same period the previous year.
Despite the softening market activity, home prices held relatively steady or experienced modest increases across housing types. Detached home prices rose by about 3.6%, apartment prices by 1.5%, and semi-detached prices by 3.2%. Ann-Marie Lurie, chief economist at the Calgary Real Estate Board, stated that while price declines are not occurring across all property types in all locations of the city, the steepest price drops have been seen in apartment and row style homes.
The CREB attributes the decrease in sales to factors such as persistent economic uncertainty due to tariffs, the lack of further reductions in lending rates, and added competition from the new home market. Lurie also noted that even where there have been declines, they have not erased all the gains made over the past several years.
The high inventory levels in Calgary are consistent with broader Canadian market trends in 2025, where sales dropped notably in some segments while prices showed limited decrease or slight growth due to persistent supply constraints and evolving market conditions. The CREB's overall residential price index indicates slight growth, suggesting stability despite lower sales.
In July 2025, the new home market saw increased competition, contributing to the rising inventory levels. The residential benchmark price in Calgary was $582,900 in July 2025, a 3.9% decrease from July 2024. The CREB states that the inventory levels have not been this high since before the pandemic.
In summary, July 2025 in Calgary saw fewer home sales but more new listings, raising inventory and slightly softening market activity, while home prices held relatively steady or experienced modest increases across housing types. These changes reflect ongoing supply-demand dynamics and broader Canadian housing market influences such as economic factors and construction productivity challenges.
Businesses in the Calgary real estate sector may need to adjust their strategies given the current market conditions, as the rising inventory levels could potentially affect investing opportunities. The finance industry might also be impacted by the softening housing-market, particularly in the lending sector, as increasing inventory could lead to prolonged listing periods for properties.
