A More Balanced Market Brings Opportunities for Buyers & Sellers Alike

The Calgary real estate market is evolving. After four consecutive years of aggressive seller’s market conditions, March 2025 brings positive change. The latest data shows that the market is gradually shifting toward balance, offering more choice and stability for buyers while maintaining healthy prices for sellers. Below is a clear, detailed breakdown of the latest market trends to help you understand where the opportunities lie.

1. Market Overview – Calgary Real Estate Market Moves Towards Balance

• Total Sales: 2,159 units (↓19% year-over-year)

• New Listings: 4,019 (↑27%)

• Total Inventory: 5,154 units (↑102%)

• Benchmark Price (Calgary): $592,500 (Stable year-over-year)

• Months of Supply: 2.4 months

What’s Happening:

For the first time in years, supply is catching up with demand. This increase in listings and inventory is giving buyers more options and easing upward pressure on prices. Sellers can still achieve solid returns, but the days of extreme competition and multiple offers are softening. The market is healthier, fairer, and more sustainable.

2. Why Sales Declined – Understanding the Slowdown

• Sales declined by 19% compared to March 2024

• Economic uncertainty (tariff concerns and global market conditions) influenced buyer confidence

• Sales activity remains well above levels seen between 2015 and 2020

What’s Happening:

The decline in sales is primarily a reaction to ongoing global economic concerns. However, this is not a market crash—it’s a natural market adjustment following several years of intense activity. Sales figures remain historically strong, and this pullback is creating breathing room for buyers and ensuring long-term market stability.

3. Detached Homes – Strong Demand with Balanced Supply at Higher Price Points

• Sales: 1,035 units (↓10% year-over-year)

• Benchmark Price: $769,800 (↑4%)

• Months of Supply: 2.1 months

What’s Happening:

Detached homes remain in high demand, particularly under $700,000 where inventory remains limited. For homes priced above $800,000, the market is now more balanced. Price growth continues, but at a more sustainable pace, offering both buyers and sellers fair conditions.

4. Semi-Detached Homes – Increased Inventory, Steady Price Growth

• Sales: 184 units (↓26%)

• Benchmark Price: $691,900 (↑5%)

• Months of Supply: 2.2 months

What’s Happening:

Semi-detached home sales softened as inventory increased, leading to improved balance in this segment. Despite the slowdown in sales, prices remain higher than last year, reflecting sustained demand and healthy market fundamentals.

5. Row & Townhomes – Expanded Inventory, Moderate Price Gains

• Sales: 400 units (↓11%)

• Benchmark Price: $454,000 (↑2%)

• Months of Supply: 2.1 months

What’s Happening:

Inventory growth in the row/townhome sector has created more choice for buyers and eased pressure on prices. First-time buyers, young families, and investors will find value in this segment with reasonable pricing and less competition.

6. Apartment Condominiums – Ample Supply, Steady Prices

• Sales: 540 units (↓34%)

• Benchmark Price: $336,100 (↑3%)

• Months of Supply: 3.2 months

What’s Happening:

The apartment condominium sector experienced the largest drop in sales, but pricing remains stable and attractive. Inventory levels are high, providing excellent opportunities for first-time buyers and investors looking for rental-friendly properties at accessible price points.

7. Surrounding Areas – Regional Market Highlights

Airdrie:

• Sales: 160 units | Benchmark Price: $651,300 (↑2%)

Market Status: Balanced conditions with improved inventory, providing more choice for buyers.

Cochrane:

• Sales: Steady compared to last year | Benchmark Price: $686,800 (↑5%)

Market Status: Balanced market with prices reaching a new record high, supported by healthy inventory.

Okotoks:

• Sales: 129 units in Q1 (↓17%) | Benchmark Price: $715,500 (↑5%)

Market Status: Inventory remains limited, driving prices to a new record high.

Chestermere:

• Market Status:** Inventory levels have improved, and prices remain stable. Buyers can find larger homes and strong value compared to inner Calgary.

High River & Surrounding Areas:

• Market Status:** Balanced conditions with improving supply. An excellent time for buyers seeking affordability without compromising on quality.

8. What This Market Means For You

For Buyers:

• Increased inventory offers more choice

• Reduced competition = improved negotiation power

• Prices are stable and fair

• Interest rates remain favourable

For Sellers:

• Property values remain strong

• Serious, qualified buyers remain active

• Balanced conditions lead to smoother, fairer transactions

For Investors:

• Strong rental demand continues

• Condominium and townhome segments present excellent long-term value

• Improved inventory creates new opportunities to expand your portfolio

What’s Happening:

This is an excellent market for all participants. Buyers can take advantage of more options and negotiate without the stress of intense bidding wars. Sellers can achieve solid sale prices with realistic expectations. Investors can enter or expand in a market that offers stability and long-term growth potential.

9. Professional Insights – A Market of Opportunity

The March 2025 housing market update shows clear signs of maturity and balance. This is not a slowdown—it’s a positive market correction that will benefit buyers, sellers, and investors over the long term. We are entering a phase where informed decisions, guided by real data and expert advice, will lead to the best results.

As your trusted Residential & Commercial Realtor®, I am committed to helping you navigate this evolving market. Whether you’re buying your first home, selling your property, or growing your investment portfolio, my goal is to provide you with accurate information, sound advice, and the highest level of professional service.

Ready to Take the Next Step? Let’s Connect.

If you’re considering buying, selling, or investing in Calgary or surrounding areas, I’m here to help you make confident, successful real estate decisions.

Disclaimer:
The information provided in this blog is based on data sourced from the Calgary Real Estate Board (CREB®), the Real Estate Council of Alberta (RECA), and other publicly available market statistics as of March 2025. While every effort has been made to ensure accuracy, this content is for general informational purposes only and does not replace professional real estate, financial, or legal advice. For personalized guidance tailored to your specific situation, I encourage you to contact me directly.

Understanding Tariffs and Their Impact on Calgary’s Real Estate Market: An In-Depth Guide

As a realtor, my goal is to provide valuable insights into the factors that impact Calgary’s real estate market. One significant factor currently influencing the housing market is the implementation of tariffs. Tariffs, or taxes on imported goods, can directly affect the cost of materials used in home construction, renovation, and furnishing.

In this guide, I’ll break down what tariffs are, how they impact the real estate market, and what buyers and sellers need to know to navigate these changes effectively.

What Are Tariffs and Why Do They Matter?

Tariffs are taxes imposed by governments on imported goods. They are designed to protect domestic industries by making foreign goods more expensive, encouraging local purchases. However, tariffs can also increase costs across industries, including real estate, by raising the prices of materials and products used in homebuilding and renovation.

How Do Tariffs Affect Homebuyers and Homeowners?

When tariffs are applied to construction and home improvement materials, the cost of those goods rises. This can lead to:

• Higher home prices due to increased building costs.

• More expensive renovations and repairs.

• Reduced new home construction, which can limit market inventory.

Let’s explore the key materials impacted and how this affects Calgary’s real estate market.

Impact of Tariffs on Construction Materials and Appliances

1. Lumber and Wood Products

Lumber is essential in home construction, from framing to flooring and cabinetry. Tariffs on softwood lumber exports have driven up prices, increasing home construction costs by thousands of dollars. Builders may absorb these costs, reducing their margins, or pass them onto buyers in the form of higher home prices.

2. Steel and Aluminum

Steel and aluminum are crucial for structural components, siding, roofing, and windows. Tariffs on these materials lead to higher prices, making both construction and home appliances more expensive. Items such as refrigerators, washers, and dryers see price hikes when raw material costs rise.

3. Concrete, Glass, and Paint

Tariffs also impact essential materials like concrete (for foundations and driveways), glass (for windows and doors), and paint. Increased costs in these areas make both new builds and renovations more expensive for homeowners and buyers.

How Tariffs Impact Calgary's Real Estate Market

For Homebuyers:

• Higher Prices for New Homes: Rising construction costs force builders to raise home prices. Waiting to buy could mean paying more in the future.

• More Expensive Renovations: If you're buying a home that requires upgrades, material costs could increase your renovation budget.

• Limited Inventory: Builders may slow or delay projects due to higher costs, reducing new home availability and increasing demand for existing homes.

For Homeowners Considering Selling:

• Increased Demand for Existing Homes: As new home prices rise, more buyers may turn to resale properties, driving up demand.

• Short-Term Opportunity: Selling now could allow you to capitalize on higher demand before rising costs affect affordability.

• Potential Market Shifts: Delaying a sale may lead to fewer buyers in the market as affordability decreases due to rising material and mortgage costs.

Why Acting Now Can Be Advantageous

For Buyers:

• Lock in current home prices before further cost increases.

• Avoid rising mortgage rates and potential affordability challenges.

• Secure a property while inventory remains available.

For Sellers:

• Take advantage of higher demand while new home prices push buyers toward resale properties.

• Maximize your home’s value before potential market slowdowns.

Key Takeaways

1. Tariffs on materials like lumber, steel, and appliances increase construction and renovation costs.

2. Higher material costs drive up new home prices and renovation expenses.

3. Rising costs may shift demand to existing homes, benefiting sellers.

4. Acting sooner can help buyers avoid higher prices and limited choices.

Final Thoughts

The impact of tariffs on construction materials is a key factor shaping Calgary’s real estate market. Buyers should consider acting before costs rise further, while sellers may benefit from increased demand for resale homes. Staying informed and proactive is crucial in navigating these changes.

Disclaimer: This guide is for informational purposes only and does not constitute legal or financial advice. The impact of tariffs on Calgary’s real estate market can vary based on individual circumstances, and it’s important to consult with a professional to understand how these changes may affect your specific situation.

If you need guidance or have questions I’m here to help. Contact me today.

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.

Carbon Monoxide: The Silent Killer – A Comprehensive Guide to Keeping Your Home & Family Safe 🏠💡

A recent tragic incident in Calgary’s southeast serves as a stark reminder of the hidden dangers of carbon monoxide (CO). A woman lost her life, and a child was hospitalized after exposure to CO from a malfunctioning furnace. The home lacked a functioning CO detector, a simple device that could have saved their lives. Let’s make sure your home is protected by understanding this invisible threat and taking the necessary precautions.

What Is Carbon Monoxide? Why Is It So Dangerous? ⚠️

Carbon monoxide (CO) is a colorless, odorless, tasteless gas that can accumulate inside your home without warning. It is produced when fuels like natural gas, propane, oil, wood, or charcoal are not fully burned. Common sources of CO include:

• Furnaces

• Gas stoves

• Fireplaces

• Water heaters

• Running vehicles in enclosed spaces (e.g., a garage)

Why is CO dangerous?
CO interferes with the blood’s ability to carry oxygen to vital organs, such as the brain and heart. Even small amounts can be harmful, especially if you’re exposed over time. Early symptoms of CO poisoning include:

• Headaches 🤕

• Dizziness 🌀

• Nausea 🤢

• Confusion 🧠

• Chest pain 💔

• Loss of consciousness 😴

The Danger: Prolonged exposure can lead to severe health issues like brain damage, coma, or even death. The symptoms often resemble those of the flu, food poisoning, or general fatigue, so it’s easy to overlook the problem until it's too late.

How to Protect Your Home & Family 🌟

Good news! Protecting your family from CO is possible with these simple, life-saving steps.

1. Install Carbon Monoxide Detectors 🚨

CO detectors are the most effective way to alert you to high levels of CO in your home. These devices save lives by providing an early warning when CO is present.

• Where to install: Place detectors on every level of your home, particularly near sleeping areas and in basements. Since CO is lighter than air, it tends to rise—so place detectors on the ceiling.

• Testing & Maintenance: Test detectors at least once a month by pressing the test button. Replace the batteries yearly or sooner if the low-battery alarm sounds. Detectors have a shelf life of 5-7 years, so check the expiration date and replace them if needed.

2. Maintain Your Furnace & Other Appliances 🔧

Regular maintenance of your furnace and other fuel-burning appliances is key to preventing CO leaks, as these are the most common sources of CO in the home.

• Annual Inspections: Have a professional inspect your furnace, fireplace, water heater, and other gas-powered appliances each year. Technicians can identify problems like rusted components, malfunctioning parts, or incomplete combustion that may lead to CO production.

• Keep Vents and Chimneys Clear: Ensure that your furnace vents, chimneys, and exhaust ducts are clean and clear to allow CO to escape safely. Blocked vents or dirty chimneys are common causes of CO buildup.

3. Never Run Engines Indoors 🚗

Many people unknowingly put themselves at risk by running vehicles or generators indoors, where CO can accumulate quickly.

• Vehicles: Never leave your car or truck running in an enclosed garage, even if the door is open. Exhaust from vehicles can produce dangerous CO levels, which can seep into your home if the garage is attached.

• Generators & Grills: Always use gas-powered generators, charcoal grills, and kerosene heaters outside in well-ventilated areas. Never use these indoors, as they can quickly produce harmful CO.

4. Recognize the Signs of a CO Leak 🚨

Recognizing the early signs of a CO leak could save your life. Watch for the following symptoms:

• Early Symptoms of Exposure: Headaches, dizziness, nausea, or confusion, especially indoors. If symptoms improve when you step outside, it’s a red flag that CO may be present.

• Physical Indicators: Yellow or brown stains around gas appliances, soot buildup around fireplaces, or rusty ventilation systems could indicate incomplete combustion, which can lead to CO leaks.

If you notice these symptoms or signs, leave the house immediately and call 911. Do not attempt to locate the source of the leak yourself.

What to Do If Your CO Alarm Goes Off 🚨

If your CO detector sounds an alarm, act quickly:

1. Evacuate the house immediately: Get everyone, including pets, out of the house. Don’t try to locate the leak yourself.

2. Call for help: Dial 911 and report a possible CO leak. Also, contact your gas utility company to report the issue.

3. Do not re-enter: Wait for emergency responders to confirm it’s safe to return. Even if the alarm stops, CO may still be present, so never assume the danger is over.

Additional Tips to Stay Safe 🛑

• Ventilate your home: Keep windows and doors open to allow fresh air in, especially when using gas appliances.

• Keep your garage door open: If you need to warm up your car in winter, always open the garage door to allow exhaust to escape.

• Install a fresh air intake for your furnace: This helps prevent backdrafts and ensures a constant flow of air to your furnace, reducing the risk of CO buildup.

Final Thoughts: Stay Safe & Secure 🛑💙

This tragedy reminds us how easily CO poisoning can occur—and how simple steps can prevent it. Installing CO detectors, maintaining your appliances, and staying vigilant about air quality can save lives.

Remember, carbon monoxide may be the “silent killer,” but with the right precautions, you can keep your home and family safe.

If you need more information about home safety or reliable furnace inspectors in Calgary, I’m here to help. Your home should be a safe haven, and I’m committed to ensuring it stays that way.

Stay safe and stay warm! 🌟

Why Now is the Perfect Time to Buy or Sell in Calgary – Don’t Wait Until Summer.

While many people think summer is the best time to buy or sell a home, the Calgary real estate market offers incredible opportunities right now. Acting sooner rather than later can provide significant advantages for both buyers and sellers. Here's why waiting until summer could cost you, and why now is the ideal time to make your move.

For Buyers: Why Acting Now Could Save You Thousands

1. Less Competition, More Opportunities

With fewer buyers in the market, you can avoid bidding wars and secure your dream home at a better price.

Example: In 2023, homes bought in early spring sold for 3-5% less than those purchased during peak summer months.

2. More Room for Negotiation

Sellers are often more willing to negotiate in the early spring, which means you could score a better deal—whether it's a lower price or additional perks like closing costs and upgrades.

3. Lock in Lower Mortgage Rates

Mortgage rates can rise, so locking in a favorable rate now could save you thousands over the life of your mortgage. Waiting could lead to higher monthly payments as rates climb.

4. Better Selection of Homes

Spring listings often feature quality homes before the summer flood of properties. You’ll have more options without the pressure of high competition.

5. Faster, Smoother Transactions

With fewer people involved, including lenders, inspectors, and lawyers, you can expect quicker approvals and a smoother, faster closing process.

6. Avoid the Summer Price Hike

Historically, home prices rise in the summer due to increased demand. Buying now locks in a better price before the market heats up.

Example: Calgary home prices rose by 6% from April to August in 2023, meaning early buyers saved thousands.

7. Easier Moving Conditions

Spring offers moderate weather for an easier move—no extreme heat, plus better availability for movers and contractors.

8. Get a Jump on the Best Properties

The best homes sell fast. Waiting could mean losing out on a perfect fit. Acting now gives you a competitive edge in securing your ideal home.

For Sellers: Why Listing Now Could Maximize Your Home’s Value

1. Stand Out with Less Competition

With fewer homes on the market, your listing will stand out to serious buyers.

Example: In 2023, homes listed in early spring sold 30% faster than those listed in summer.

2. Serious, Motivated Buyers

Buyers in early spring are typically pre-approved and ready to make quick decisions to lock in favorable rates before they rise.

3. Higher Offers, Faster Sales

With limited inventory, buyers are more willing to pay close to asking price to avoid competition.

Example: Spring sellers in 2023 received offers 3-7% higher than those who listed in mid-summer.

4. A Smoother, Faster Process

Fewer delays are expected when lenders, appraisers, and inspectors are less overwhelmed, leading to a quicker closing process with fewer complications.

5. Control Your Timing

Listing now gives you more time and flexibility to find your next home, without the rush of summer's competitive market.

6. More Online Exposure

Buyers often start their search months ahead, so listings in spring typically receive more online views and engagement than those launched in summer.

7. Maximize Your Home’s Value

Homes listed in early spring benefit from less competition and higher buyer demand, allowing you to sell for a better price before the market becomes saturated with new listings.

Example: In 2023, sellers who listed in April received offers closer to their asking price and sold faster than those who waited until summer.

8. Take Advantage of Spring Curb Appeal

Spring brings fresh landscaping and natural light, making your home more inviting and enhancing its curb appeal.

Final Thoughts: The Time to Move is Now.

The Calgary real estate market is brimming with opportunity right now. Whether you’re a buyer looking to score a great deal or a seller wanting to maximize your home’s value, waiting until summer may not be your best option.

📞 Ready to make your move? Let’s chat today! Reach out, and I’ll guide you through the process with confidence and care.