As of the latest data up to October 2025, Calgary's housing market is exhibiting several key trends:
1. **Price Trends**: Calgary has seen a moderate increase in home prices over the past year. This is in part due to economic recovery and population growth. Demand, particularly for single-family homes, has driven prices up, though not as sharply as during the pandemic years.
2. **Market Conditions**: The Calgary housing market is currently leaning towards a seller's market. This is characterized by low inventory levels, with more buyers competing for fewer properties. However, there has been some stabilization, with new listings gradually helping to balance supply and demand.
3. **Inventory Levels**: Inventory remains a challenge, as many homeowners are holding off on selling, anticipating further price increases. New construction projects are in progress, but they will take time to alleviate the tight supply.
4. **Condominium Market**: The condo market in Calgary has remained relatively stable, with moderate price increases compared to the detached housing market. Urban living and affordability continue to make condos an attractive option for first-time buyers and investors.
5. **Interest Rates**: Rising interest rates have slightly cooled the market, influencing buyer affordability and potentially tempering the rapid price increases previously seen.
6. **Economic Factors**: Calgary's real estate trends are also influenced by the local economy, which is heavily tied to the oil and gas industry. Any fluctuations in energy prices can impact employment rates and, consequently, housing demand. Overall, Calgary's real estate market is active, with buyers needing to act quickly due to limited availability, and sellers potentially benefiting from higher prices and increased interest in their listings. It's advisable for buyers to be pre-approved for mortgages to enhance their competitiveness in this market.