Average House Price in Calgary

by The Canadian Magazine of Immigration · December 16, 2025

The average house price in Calgary is $553,900

Calgary, AB

In Calgary, house prices down by 3.3% year over year in November 2025.

Average House Price in Calgary
	2023	2024	2025
January	$506,100*	$551,500*	$573,100
February	$515,700*	$563,800*	$576,800
March	$523,400*	$573,600*	$583,400
April	$534,200*	$580,900*	$583,000
May	$534,700*	$587,100	$583,000
June	$542,200*	$589,000	$580,100
July	$545,000*	$588,600	$577,900
August	$547,300*	$586,100	$572,600
September	$546,900*	$582,100	$567,900
October	$548,900*	$577,700	$565,200
November	$550,800*	$572,600*	$553,900
December	$547,700*	$572,400
Source: CREA
*Updated

Housing Market in Calgary – November 2025

In November 2025, Calgary’s housing market exhibited signs of cooling and balance, with the benchmark price for a typical residential property declining approximately 5% year-over-year to $559,000, according to data from the Calgary Real Estate Board (CREB) and supporting reports. This adjustment was driven by rising inventory levels—up 28% from the previous year to over 5,500 units—and a 13.6% drop in home sales to 1,553 units, resulting in about 3.6 months of supply. Price declines were most pronounced in apartment condominiums (down 7% to around $309,300) and row/townhouses (down 6% to $424,400), while detached homes saw a milder 2% dip. The average sold price remained relatively stable at roughly $616,000, reflecting a shift in sales composition, but overall conditions favored buyers with increased selection and moderating growth amid seasonal slowdowns and broader economic factors.

Housing Market in Calgary – October 2025

In October 2025, Calgary’s housing market continued its shift toward a more balanced, buyer-friendly environment, characterized by declining sales, softening prices, and surging inventory levels. Home sales totaled 1,885 units, marking a 13% drop from the previous year, while the benchmark price for all residential properties fell 4.1% year-over-year to $568,000, with monthly declines across segments including detached homes (down 3.2% YoY to $713,100), townhouses (down 5.6% to $431,200), and apartments (down 6.9% to $318,200). Inventory swelled 30% to 6,471 active listings, pushing months of supply to 3.4 overall—nearing four months for the first time since 2020—and giving buyers greater negotiating power, particularly in entry-level condos and row homes where conditions tipped into buyer’s territory. Detached properties remained relatively stable with 1,012 sales (down 5% YoY), supported by steady demand from families and interprovincial migrants, though broader trends of increased new listings (up 36.5% YoY in some reports) and rental supply eased urgency across the board, fostering moderate price adjustments amid ongoing population growth and economic resilience in Alberta.

Housing Market in Calgary – September 2025

In September 2025, Calgary’s housing market shifted decisively toward buyer-favorable conditions for the first time since early 2020, driven by a 14% year-over-year decline in sales to 1,720 units amid a 21% surge in new listings to 3,782, resulting in a sales-to-new-listings ratio of 45% and inventory levels reaching 4.02 months of supply—the highest since 2020.

The benchmark price moderated 4% annually and 0.7% monthly to $572,800, with average prices dipping 2.4% year-over-year to $567,900 and $615,005 depending on the index, reflecting substitution toward more affordable options like condos amid softening demand.

Detached homes held relatively steady at a benchmark of $749,900 (down under 1% year-over-year), while townhouses fell 4.8% to $437,100 and apartments dropped 6.4% to $322,900, with sales in the latter two categories plunging 19-20% annually; rising rental vacancies to around 6% and a 7.4% dip in average rents to $1,897 further eased pressure on ownership demand.

Housing Market in Calgary – July 2025

In July 2025, Calgary’s housing market continued its shift toward balance, with a sales-to-new-listings ratio of 54%, marking the fifth consecutive month of equilibrium. Home sales dropped 12% year-over-year to 2,099 units, while inventory surged 66% to 6,917 units, the highest since pre-pandemic times, driven by increased listings in newer communities. The citywide benchmark price fell 4% year-over-year to $582,900, with apartments and row homes facing the most downward pressure due to oversupply, while detached and semi-detached homes remained relatively stable. Average prices rose slightly by 1.7% to $616,686, but month-over-month declines signaled softening momentum, creating opportunities for buyers but requiring sellers to price strategically.

Housing Market in Calgary – June 2025

In June 2025, Calgary’s housing market showed signs of cooling, with a 16% year-over-year decline in home sales, totaling 2,286 transactions, and a significant 83% increase in inventory to 6,941 units, resulting in a balanced market with a sales-to-new listings ratio (SNLR) of 54%. The average home price rose 3.7% annually to $646,147, though it dipped 0.5% from May 2025, while the benchmark price fell 3.6% year-over-year to $586,200. Detached home prices slightly decreased by 1.1% to $820,000, semi-detached homes increased by 5.4% to $701,000, townhouses dropped 2.6% to $466,316, and condo apartments fell 1.6% to $351,769. Despite economic uncertainty and rising supply, strong population growth and affordability compared to cities like Toronto and Vancouver continue to support demand, particularly for mid-range properties, while increased inventory offers buyers more options and potential negotiation leverage.

Housing Market in Calgary – May 2025

In May 2025, Calgary’s housing market shifted toward balanced conditions, driven by a significant increase in inventory and a decline in sales. The average home price rose 6.0% year-over-year to $649,268, marking a record high for the third consecutive month, while the benchmark price fell 2.5% to $589,900. Home sales dropped 16.9% compared to May 2024, totaling 2,568 units, with apartments seeing the steepest decline at 36%. New listings surged 11.6% to 4,842, pushing inventory up 97.5% to 6,740 units, resulting in 2.62 months of supply—the highest since mid-2020. Despite slower sales, strong population growth and affordability relative to cities like Toronto and Vancouver continue to support demand, particularly for condos and townhouses, though economic uncertainty and rising supply may temper price growth.

Housing Market in Calgary – April 2025

In April 2025, Calgary’s housing market showed signs of stabilization with a slight cooling in prices amid increased inventory and economic uncertainty. The residential benchmark price was approximately $591,100, reflecting a year-over-year decrease of about 1.4% and a month-over-month decline of 0.2%. However, average home prices reached $646,743, up 6.3% from the previous year, while median prices hit $590,000, a 4.2% annual increase. Despite a 22.4% drop in sales compared to April 2024, rising listings helped balance the market, easing pressure on prices, particularly for detached and semi-detached homes, while row and apartment homes remained steady.

Housing Market in Calgary – March 2025

Calgary’s housing market in March 2025 is a seller’s market, with an SNLR of 64% and an average home price of $612,838 in February 2025, up 5.1% year-over-year. Sales rose 15.7% month-over-month, supported by a 22% increase in new listings from December 2024, though inventory is 68% higher than last year. Luxury sales over $1.5 million increased 11% year-to-date, driven by interprovincial migration adding 21,000 residents to the Calgary CMA. Rental prices dropped 7.8% to $1,915, a two-year low, but population growth and record housing starts signal continued demand, tempered by trade tariff concerns.

Average home prices in Calgary 2020-2022

Average House Price in Calgary
	2020	2021	2022
January	$411,600*	$411,800*	$480,500*
February	$411,300*	$418,300*	$508,800*
March	$411,300*	$429,300*	$523,100*
April	$409,600*	$437,400*	$531,100*
May	$396,600*	$461,900*	$527,100*
June	$397,200*	$465,500*	$525,500*
July	$403,200*	$467,700*	$522,200*
August	$405,800*	$465,700*	$516,300*
September	$406,500*	$463,300*	$511,600*
October	$407,100*	$465,000*	$508,200*
November	$408,200*	$465,900*	$504,600*
December	$411,400*	$468,300*	$501,800*
Source: CREA
*Updated

House prices in Calgary 2017-2019

Average House Price in Calgary
	2017	2018	2019
January	$428,500*	$426,800*	$415,200*
February	$428,000*	$428,700*	$414,600*
March	$429,100*	$430,700*	$415,000*
April	$430,200*	$430,900*	$416,600*
May	$433,700*	$437,100*	$415,300*
June	$435,900*	$437,100*	$417,000*
July	$437,600*	$435,100*	$417,200*
August	$436,600*	$432,200*	$417,600*
September	$435,700*	$429,400*	$416,500*
October	$433,300*	$427,400*	$418,300*
November	$430,700*	$423,600*	$413,100*
December	$427,400	$418,800*	$412,200*
Source: CREA
*Updated

Home prices depend on the size, location, amenities, the age and condition of the apartment, townhouse or house.

Here are some recommendations from the Canada Mortgage and Housing Corporation to buying your first home:According to the 2017 outlook from the Calgary Real Estate Board (CREB), house prices aren’t expected to grow by a significant amount this year.