Calgary Real Estate Market Update: What's Ahead in 2025 and Beyond
As Calgary's economy continues to thrive and attract newcomers, the city’s real estate market is gearing up for another dynamic year in 2025. Rising interprovincial migration, steady economic growth, and evolving lending conditions present both opportunities and challenges for buyers and sellers alike.
2025 Market Highlights
Steady Price Growth
The Calgary Real Estate Board (CREB) forecasts an average residential benchmark price increase of 6.5% for 2025, with apartment prices expected to lead at 9% growth. This reflects sustained demand and limited supply, particularly in affordable housing sectors.
High Demand for Affordable Homes
Calgary’s affordability compared to cities like Toronto and Vancouver continues to draw interest. However, lower-priced homes remain scarce, intensifying competition, especially in neighborhoods known for budget-friendly options.
Sales Volume on the Rise
CREB predicts over 600 additional sales compared to 2024. Improved inventory in higher-priced segments is set to fuel transactions, though shortages in entry-level and mid-market housing may constrain growth in those tiers.
Key Drivers of Market Activity in 2025
Migration and Population Growth
Calgary continues to attract families and individuals relocating for its job opportunities, affordable housing, and high quality of life. This population surge is amplifying demand, particularly in rental markets and among first-time homebuyers.
Stabilizing Mortgage Rates
As interest rates stabilize, prospective buyers sidelined by previous hikes are expected to re-enter the market. Renewals at favorable rates may also encourage higher market activity.
Balanced Market Conditions
Unlike Toronto or Vancouver, Calgary enjoys relatively balanced conditions. Buyers and sellers will both find opportunities, especially in segments where inventory and demand align.
What to Expect Beyond 2025
According to Re/Max Canada's housing market outlook, national home prices are set to rise by 5% in 2026. Calgary’s affordability and robust economy position it as a market leader in growth, continuing its upward trajectory.
Opportunities for Buyers and Sellers
For Buyers:
Secure properties early in 2025 to avoid further price increases.
Explore neighborhoods with planned developments or higher inventory for better deals.
For Sellers:
Leverage current demand and limited inventory in affordable and mid-range price categories.
Partner with experienced realtors to maximize your property’s value.
Final Thoughts
Calgary’s real estate market offers unique opportunities amid shifting trends. Whether you’re planning to buy, sell, or simply understand your options, navigating the market with expert guidance can make all the difference.
Contact me today for tailored advice or to explore the best opportunities in Calgary’s vibrant real estate market. Let’s make 2025 a year of smart, successful decisions.