Calgary Housing Market Update — Spring 2025

Calgary's housing market has entered 2025 with remarkable resilience, outperforming nearly every major Canadian city. While Toronto and Vancouver face prolonged correction cycles, Calgary's fundamentals — strong migration, diversifying economy, and relative affordability — continue to attract both domestic and international buyers.

Key Market Indicators — Spring 2025

Benchmark Price: The MLS® benchmark price for all residential properties in Calgary reached $612,000, representing a 7.2% year-over-year increase. Detached homes are leading the charge at $748,000 — up 9.1%.

Sales Activity: February and March 2025 saw transaction volumes 18% above the 10-year average, indicating sustained demand despite interest rate pressures.

Inventory Levels: Active listings remain historically low at 2.8 months of supply — a seller's market threshold is generally considered 4 months or below.

Days on Market: Well-priced properties in desirable communities are averaging just 14 days on market. Properly staged, professionally marketed homes in Fish Creek communities are often seeing multiple offers within 72 hours.

What This Means for Sellers

If you've been considering selling in 2025, the data strongly supports acting sooner rather than later. The spring market (March–June) historically captures the highest buyer demand, and with inventory still constrained, well-positioned listings are achieving above-asking results.

The luxury segment ($1M+) has seen the most dramatic appreciation — up 14% year-over-year — driven by Calgary's growing executive population and out-of-province migration from B.C. and Ontario.

What This Means for Buyers

Competition remains fierce in the $500K–$900K range. Pre-approval is essential, and buyers should be prepared to move quickly on desirable properties. Working with an agent who has deep community knowledge and strong relationships can make the difference between securing a home and watching it sell to someone else.

Community Spotlight: Fish Creek Corridor

The communities surrounding Fish Creek Provincial Park — Lake Bonavista, Parkland, Sundance, Midnapore, and Willow Park — are among the strongest performers in the city. The park access, mature trees, and established character drive premium valuations that have historically outpaced the broader Calgary market.

Looking Ahead

Migration from British Columbia continues to accelerate. Calgary's relatively affordable luxury market, zero provincial income tax, and improving amenity base are driving a demographic shift that underpins long-term price strength. We expect the spring market to remain competitive through May before seasonally softening into summer.