July was hot, but August cooled.

Calgary Market Update — August 2025

The Calgary real estate market is shifting, and August gave us a clear sign of that change.

There were 1,989 sales last month — about 9% fewer than August 2024. That might sound like the market is cooling, but sales are still stronger than what we’d usually expect for this time of year. The bigger story is inventory. With over 6,600 active listings, we’re sitting at the highest August supply since 2019. More homes on the market means buyers finally have options.

Prices are starting to reflect that. The benchmark price across all property types dipped to $577,200 — down almost 4% from last year. The biggest adjustments are happening in condos and row homes, which saw year-over-year drops of around 5–6%. Detached and semi-detached homes are holding their ground a little better, though even detached benchmarks slipped by about 1% compared to last year.

So, what does this mean for you?

• If you’re buying: For the first time in years, you can be selective. With inventory building and prices edging down, you don’t need to rush into a decision.

• If you’re selling: Homes are still moving, but pricing is key. Buyers have choices, and overpricing can mean sitting on the market longer while better-priced listings sell.

Overall, Calgary is moving away from the frantic, seller-driven market of the past few years and heading into a more balanced environment. Think of it as the market catching its breath — creating opportunities on both sides of the table.