Calgary Market Report Infographics
INFOGRAPHICS: March 2025 CREB City And Region Market Reports
Uncertainty weighing on housing market
Ongoing economic uncertainty, driven by tariff threats, has weighed on consumer confidence and impacted housing activity in March. Sales declined by 19 per cent year-over-year, totaling 2,159 units. Sales slowed across all property types, with the
steepest declines seen in higher-density segments.
“It is not a surprise to see a pullback in sales given the uncertainty,” said Ann-Marie Lurie, Chief Economist at CREB®. “However, it is important to note that sales still remain stronger than anything reported throughout 2015 to 2020, where our economy faced significant economic challenges and job loss. Nonetheless, easing demand has been met with gains in new listings and rising inventories, helping our market shift back toward balanced conditions, following four consecutive years where the market favoured the seller.”
March reported over 4,000 new listings, causing the sales-to-new-listing ratio to drop to 54 per cent, low enough to support further inventory gains. Total residential inventory levels reached 5,154 units, and the months of supply pushed up to 2.4 months. While this is a significant change from last year, with limited supply options across all property types and price ranges, conditions reflect a better balance between a seller and a buyer today. However, the market significantly varies depending on location, price point, and property type.
Read the full report on the CREB website!
The following data is a comparison between March 2025 and March 2024 numbers, and is current as of April of 2025. For last month’s numbers, check out our previous infographic.
Or follow this link for all our CREB Infographics!
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Download Printable Version – March 2025 CREB, City of Calgary Report Pages 1 and 2
Download Printable Version – March 2025 CREB, Calgary Region Report
INFOGRAPHICS: February 2025 CREB City And Region Market Reports
Sales remain above long-term trends despite declines
For the second month in a row, inventory levels saw substantial year-over-year growth, rising by 76 per cent to 4,145 units in February. While inventory increases were seen across all price ranges, the largest increases were in homes priced under $500,000; this increase was driven by substantial growth in the more affordable apartment and row/townhouse sectors. The overall months of supply were 2.4, similar to last month but more than double this time last year. Apartment-style units remained the most well-supplied at 3.1 months.
There were 1,721 sales in February, which was above historical averages for the month but 19 per cent lower than levels seen last year and significantly lower than the record levels seen in the post-pandemic period. New Listings in February reached 2,830, roughly in line with historical averages for the month. The sales-to-new listings ratio for the month was 61 per cent, higher than historical averages but below levels seen in each of the last three years.
“Even though more people listed their homes for sale, there were actually fewer sales than in February 2024. So, we’re seeing the seller’s market of the past two or three years ease off,” said Alan Tennant, President and CEO of CREB®. “In turn, that’s caused the pace at which prices are increasing to slow down a bit, which should come as welcome news for buyers.”
Read the full report on the CREB website!
The following data is a comparison between February 2025 and February 2024 numbers, and is current as of March of 2025. For last month’s numbers, check out our previous infographic.
Or follow this link for all our CREB Infographics!
Click on the images for a larger view!
Download Printable Version – February 2025 CREB, City of Calgary Report Pages 1 and 2
Download Printable Version – February 2025 CREB, Calgary Region Report
INFOGRAPHICS: January 2025 CREB City And Region Market Reports
Supply levels improve in January
Following three consecutive years of limited supply choice, inventory levels in January rose to 3,639 units. While the 70 per cent year-over-year gain is significant, inventory levels remain lower than the over 4,000 units we would typically see in January. Inventories rose across all property types, with some of the largest gains driven by apartment-style condominiums.
“Supply levels are expected to improve this year, contributing to more balanced conditions and slower price growth,” said Ann-Marie Lurie, Chief Economist at CREB®. “However, the adjustment in supply is not equal amongst all property types. Compared with sales, we continue to see persistently tight conditions for detached, semi-detached and row properties while apartment condominiums show signs of excess supply for higher priced units.”
Read the full report on the CREB website!
The following data is a comparison between January 2025 and January 2024 numbers, and is current as of February of 2025. For last month’s numbers, check out our previous infographic.
Or follow this link for all our CREB Infographics!
Click on the images for a larger view!
Download Printable Version – January 2025 CREB, City of Calgary Report Pages 1 and 2
Download Printable Version – January 2025 CREB, Calgary Region Report
INFOGRAPHICS: December 2024 CREB City And Region Market Reports
2024 marks another strong year for sales and price growth
The year ended with 1,322 sales in December, a three percent decline over last year. But nearly 20 per cent higher than long-term trends. Overall sales in 2024 were just shy of last year’s levels, as gains for higher-priced homes offset pullbacks in the lower price ranges caused by supply challenges.
“Population gains over the past several years have supported sales activity that has outperformed long-term trends. In 2024, sales would likely have been higher if there was more supply choice, especially in the lower price ranges,” said Ann-Marie Lurie, Chief Economist at CREB®. “That being said, we did start to see shifts occurring in the market in the second half of the year as supply levels started to improve for higher priced homes.”
As of December, there were 2,989 units available in inventory, still below long-term trends for the month but a significant improvement over the lower levels reported last December and levels reported early this year. Improved rental choice and significant gains in new home activity helped boost new listings in the resale market, driving higher inventories in the year’s second half. While conditions vary depending on price range and property type, more housing options have helped to take some of the pressure off home prices, which stabilized in the second half of the year following steep gains in the spring. Overall, on an annual basis, total residential benchmark prices improved by over seven per cent.
Read the full report on the CREB website!
The following data is a comparison between December 2024 and December 2023 numbers, and is current as of January of 2025. For last month’s numbers, check out our previous infographic.
Or follow this link for all our CREB Infographics!
Click on the images for a larger view!
Download Printable Version – December 2024 CREB, City of Calgary Report Pages 1 and 2
Download Printable Version – December 2024 CREB, Calgary Region Report
INFOGRAPHICS: November 2024 CREB City And Region Market Reports
Supply on the rise, but not across all price ranges
As we transition into winter, Calgary’s housing market is following typical seasonal trends, with activity slowing compared to the fall. However, year-overyear demand remains relatively strong. In November, increased sales in detached, semidetached, and row homes offset a decline in apartment condominium sales. The 1,797 sales for November mirrored last year’s levels and remained 20 per cent above long-term trends for the month.
The significant shift lies in supply. Inventory levels rose to 4,352 units in November, a notable increase from the 3,000 units reported last year. Despite the recent gains, inventory levels remain below long-term trends for the month.
“Housing supply has been a challenge over the past several years due to the sudden rise in population,” said Ann-Marie Lurie, Chief Economist at CREB®.
Read the full report on the CREB website!
The following data is a comparison between November 2024 and November 2023 numbers, and is current as of December of 2024. For last month’s numbers, check out our previous infographic.
Or follow this link for all our CREB Infographics!
Click on the images for a larger view!
Download Printable Version – November 2024 CREB, City of Calgary Report Pages 1 and 2
Download Printable Version –November 2024 CREB, Calgary Region Report
INFOGRAPHICS: October 2024 CREB City And Region Market Reports
Supply levels improving for higher-priced homes
Sales gains for homes priced above $600,000 offset declines at the lower end of the market, resulting in October sales that were similar to last year. The 2,174 sales in October increased over September and stood 24 per cent above long-term trends for the month.
“Housing demand has stayed relatively strong in our market as we move into the fourth quarter, with October sales rising over last month,” said Ann-Marie Lurie, Chief Economist at CREB®. “However, activity would likely have been stronger if more supply choices existed for lower-priced homes. Supply levels in our market are improving relative to the ultra-low levels experienced last year, but much of the gains have been driven by higher-priced units for each property type. This results in conditions far more balanced in the upper end of the market versus the seller’s market conditions in the lower to mid-price ranges of each property type.”
Read the full report on the CREB website!
The following data is a comparison between October 2024 and October 2023 numbers, and is current as of November of 2024. For last month’s numbers, check out our previous infographic.
Or follow this link for all our CREB Infographics!
Click on the images for a larger view!
Download Printable Version – October 2024 CREB, City of Calgary Report Pages 1 and 2
Download Printable Version – October 2024 CREB, Calgary Region Report
INFOGRAPHICS: September 2024 CREB City And Region Market Reports
New listing growth driven by higher-priced homes
Rising sales in the upper price ranges were not enough to offset the pullback occurring in the lower price ranges, as sales in September were 2,003, 17 per cent below last year’s record high. Despite the decline, sales this month were still over 16 per cent higher than levels traditionally achieved in September.
“We are starting to see a rise in new listings in our market. However, most of the listing growth is occurring in the higher price ranges,” said Ann-Marie Lurie, Chief Economist at CREB®. “While demand has stayed strong across all price ranges, the limited choice for lower-priced homes has likely prevented stronger sales in our market. While the challenges in the lower price ranges are not expected to change, improved supply combined with lower lending rates should keep demand strong throughout the fall, but without the extreme seller market conditions that contributed to the rapid price growth earlier this year.”
New listings in September rose to 3,687 units, the highest September total since 2008. This rise in new listings compared to sales did support some inventory growth. September inventory levels pushed up to 5,064 units, nearly double the exceptionally low levels reported in the spring, but remain below the 6,000 units we typically see in September.
Read the full report on the CREB website!
The following data is a comparison between September 2024 and September 2023 numbers, and is current as of October of 2024. For last month’s numbers, check out our previous infographic.
Or follow this link for all our CREB Infographics!
Click on the images for a larger view!
Download Printable Version – September 2024 CREB, City of Calgary Report Pages 1 and 2
Download Printable Version – September 2024 CREB, Calgary Region Report
INFOGRAPHICS: August 2024 CREB City And Region Market Reports
Calgary housing market sees shifts
Housing activity continues to move away from the extreme sellers’ market conditions experienced throughout the spring. Easing sales, combined with gains in supply, pushed the months of supply above two months in August, a level not seen since the end of 2022.
“As expected, rising new home construction and gains in new listings are starting to support a better-supplied housing market,” said Ann-Marie Lurie, Chief Economist at CREB®. “This trend is expected to continue throughout the remainder of the year, but it’s important to note that supply levels remain low, especially for lower-priced properties. It will take time for supply levels to return to those that support more balanced conditions.”
Inventory levels in August reached 4,487 units, 37 per cent higher than last August but nearly 25 per cent lower than long-term trends for the month. Higher-priced properties mostly drove the supply gains, as the most affordable homes in each property type continued to report supply declines.
Read the full report on the CREB website!
The following data is a comparison between August 2024 and August 2023 numbers, and is current as of September of 2024. For last month’s numbers, check out our previous infographic.
Or follow this link for all our CREB Infographics!
Click on the images for a larger view!
Download Printable Version – August 2024 CREB, City of Calgary Report Pages 1 and 2
Download Printable Version – August 2024 CREB, Calgary Region Report
INFOGRAPHICS: July 2024 CREB City And Region Market Reports
Supply levels improve taking some pressure off prices
With the busy spring market behind us, we are starting to see some shifts in supply levels. With 2,380 sales and 3,604 new listings, the sales-to-new listings ratio fell to 66 per cent, supporting a gain in inventory. Inventories rose to 4,158 units, still 33 per cent below what we typically see in July, but the first time they have pushed above 4,000 units in nearly two years. Although the majority of supply growth occurred for homes priced above $600,000, the rise has helped shift the market away from the extreme sellers’ market conditions experienced throughout the spring.
“While we are still dealing with supply challenges, especially for lower-priced homes, more options in both the new home and resale market have helped take some of the upward pressure off home prices this month,” said Ann-Marie Lurie, Chief Economist at CREB®. “This is in line with our expectations for the second half of the year, and should inventories continue to rise, we should start to see more balanced conditions and stability in home prices.”
Read the full report on the CREB website!
The following data is a comparison between July 2024 and July 2023 numbers, and is current as of August of 2024. For last month’s numbers, check out our previous infographic.
Or follow this link for all our CREB Infographics!
Click on the images for a larger view!
Download Printable Version – July 2024 CREB, City of Calgary Report Pages 1 and 2
Download Printable Version – July 2024 CREB, Calgary Region Report
INFOGRAPHICS: June 2024 CREB City And Region Market Reports
June sales decline amid supply challenges and rising prices
Sales in June reached 2,738, marking a 13 percent decline from last year’s record high. Although sales improved for homes priced above $700,000, it was not enough to offset the declines reported in the lower price ranges. Despite the easing in June sales, they remain over 17 percent higher than long-term trends.
“The pullback in sales reflects supply challenges in the lower price ranges, ultimately limiting sales activity,” said Ann-Marie Lurie, Chief Economist at CREB®. “Inventory in the lower price ranges of each property type continue to fall, providing limited choices for potential purchasers looking for more affordable product. It also continues to be a competitive market for some buyers with over 40 percent of the homes sold selling over list price.”
This month, new listings also eased relative to sales, causing the sales-to-new-listings ratio to remain elevated at 72 percent. Inventory levels did improve over last year’s low levels, primarily due to gains in the higher price ranges. However, with 3,789 units available, levels remain 40 percent lower than long-term trends. The modest change in inventory levels helped increase the months of supply.
Read the full report on the CREB website!
The following data is a comparison between June 2024 and June 2023 numbers, and is current as of July of 2024. For last month’s numbers, check out our previous infographic.
Or follow this link for all our CREB Infographics!
Click on the images for a larger view!
Download Printable Version – June 2024 CREB, City of Calgary Report Pages 1 and 2
Download Printable Version – June 2024 CREB, Calgary Region Report
