Calgary Real Estate Market Update – February 2025
Welcome to your detailed breakdown of Calgary’s housing market for February 2025! Whether you're a first-time homebuyer, seasoned investor, or just curious about the market, this blog will help you understand what’s happening in Calgary real estate — in simple, easy-to-follow language.
How is the Calgary Real Estate Market Doing in February 2025?
Calgary’s housing market is showing positive growth with stable prices and more homes available compared to last year. This means if you're thinking of buying or selling, now is a great time to explore your options.
According to the Calgary Real Estate Board (CREB), 1,923 homes were sold in February 2025. That's more than what we usually see this time of year — proving that Calgary’s real estate market is still strong despite all the changes happening in the economy.
More Homes Available for Buyers
One of the biggest changes this month is that there are more homes available compared to last year. Calgary now has 4,325 homes listed for sale — that’s 76% more homes than last February!
What does this mean for you?
If you're a buyer, you have more options to choose from.
If you're a seller, it's still a great time because buyers are actively looking.
The average time it would take to sell all the homes available (called “months of supply”) is 2.4 months — which means Calgary is in a balanced market where neither buyers nor sellers have a big advantage.
Calgary Housing Prices – What Are Homes Selling For?
Calgary’s home prices are steady and rising slowly — which is a good sign! The average price for all types of homes is $587,600 — about 1% higher than last year.
Here's how prices look for different types of homes:
Detached Homes: $771,400 (+5.5%) – Popular for families with more space.
Semi-Detached Homes (Duplexes): $693,200 (+7.2%) – Great middle option with fast price growth.
Townhouses: $453,900 (+3.1%) – Affordable and perfect for first-time buyers.
Apartments/Condos: $338,100 (+4.2%) – Best option for budget-friendly living or investors.
What’s Happening in Calgary’s Neighbouring Cities?
Calgary isn’t the only place seeing positive trends — nearby towns are also growing:
Airdrie: $541,200 (+1.9%) – Popular for families.
Cochrane: $580,400 (+5.3%) – Offers scenic living.
Okotoks: $570,700 (+1.4%) – Great community lifestyle.
Chestermere: $705,200 (+2.1%) – Known for lakeside living and family-friendly neighborhoods.
Commercial Real Estate in Calgary – What's New?
Calgary’s commercial real estate market is seeing steady demand as businesses grow and new opportunities emerge. The biggest trends right now include:
Retail Spaces: Small stores, cafes, and restaurants are seeing high demand, especially in busy neighborhoods.
Warehouses: With more businesses needing storage and distribution spaces, warehouses are becoming a top investment choice.
Office Spaces: Downtown Calgary and industrial areas are seeing consistent demand for office spaces, especially those offering flexible layouts.
If you're considering investing in commercial real estate, now is a great time to explore your options. Whether you're looking to lease, buy, or invest, I can help you navigate the market and find the right property.
Final Thoughts – Is Now a Good Time to Buy or Sell in Calgary?
Absolutely! Calgary’s market is offering balanced opportunities for both buyers and sellers right now.
If you're thinking of buying, there are more homes available than last year — giving you better choices. If you're selling, home prices are stable and still rising slowly, which means you can get a great value for your property.
Whether you're buying your first home, upgrading, or investing in commercial real estate, I’m here to help guide you through every step of the process.
Let’s Connect!
I’m Salman Bhojani — your Calgary Residential & Commercial Realtor. If you're curious about the market or have any questions, feel free to reach out to me.
Disclosure
All the information provided in this blog is based on the most recent market data available from the Calgary Real Estate Board (CREB) and is intended for informational purposes only. Market conditions can change, and it's always best to consult with a professional realtor for the latest updates and personalized advice.