As we close out 2025, I wanted to share a clear snapshot of where the Calgary and surrounding real estate markets landed — and more importantly, what it means heading into 2026.

After several years of intense seller-favouring conditions, 2025 marked a transition year for our market.

🏘️ Calgary Market at a Glance — December 2025

Here’s what the latest CREB® data shows for the City of Calgary:

Sales: 1,126 homes sold (↓ ~15% year-over-year)

New listings: 1,219

Inventory: 3,860 active listings (↑ ~29% Y/Y)

Months of supply: 3.43 months — firmly in balanced territory

Benchmark price: $554,700 (slightly lower than last year)

What’s notable here isn’t a crash or surge — it’s normalization.

After years of tight supply, inventory finally improved, giving buyers more choice and easing the upward pressure on prices. That shift is what moved the market from heavily seller-driven to more balanced conditions.

🧱 Price Trends by Property Type

Not all segments moved the same way:

Detached homes: $726,900 (prices held relatively steady)

Semi-detached: $666,800

Row homes: $421,300

Apartments: $303,600 (saw the most adjustment due to increased supply)

Higher construction activity — especially in apartments and row housing — added competition and softened prices in those segments, while detached and semi-detached homes remained more resilient.

📍 Location Still Matters

One of the biggest takeaways from 2025 is how localized market conditions became.

Some districts and price ranges still leaned seller-friendly, while others shifted closer to buyer-friendly conditions. Broad headlines don’t tell the full story — strategy now depends heavily on property type, location, and timing.

🌄 Outside the City: Southern Alberta

Across nearby communities like Airdrie, Cochrane, and Okotoks, conditions also eased toward balance, though supply remains tighter in some towns than others. Overall, price movements were modest — reinforcing the theme of stabilization rather than volatility.

🔮 What This Sets Up for 2026

2025 wasn’t about urgency — it was about positioning.

We head into 2026 with healthier inventory, clearer pricing signals, and a market that rewards preparation over emotion. Buyers and sellers who succeed next year will be the ones who understand the data, the psychology, and the timing — not those chasing headlines.

If you’re thinking about buying, selling, or just want clarity on how your specific situation fits into today’s market, I’m always happy to walk through it with you.

Warm regards,

Dion Brar