Calgary’s housing stats are out for December and the numbers are showing that the city’s market has shifted from one that favours sellers to one that favours buyers.
The Calgary Real Estate Board is reporting that in 2025, were down 16 per cent over the previous year. There were 22,751 sales overall in the city last year.
Much of the shift came from the growth in supply. In 2025, there were 40,000 new listings come onto the market, nine per cent higher than 2024, causing inventories to rise and driving more balanced conditions.
“Annual detached and semi-detached prices rose by a respective one and three per cent, while apartment and row homes saw prices fall by a respective three and two per cent,” CREB reports.
However, in December condo prices were down 7.4 per cent from the same month in 2024, leaving the average apartment price at $303,600. Row/townhome prices dropped 5.6 per cent year-over-year to $421,300.
There were slight drops in detached homes (2.6. per cent to $726,900) and semi-detached (1.6 to $666,800) comparing December to December.
Sales declines for 2025 stood at nine and 10 per cent respectively for detached and semi-detached; and were considerably more substantial for townhomes (17 per cent) and condos (28 per cent).
The outlook for 2026 will be made public at CREB’s annual forecast conference on Jan. 20.
Jeff MacKinnon 
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