If you’ve been following Calgary’s real estate market, you know it’s been an eventful year. And today is the perfect day to go over what’s happening because the Bank of Canada just cut interest rates—a move that could have a major impact on buying and selling in the months ahead.
Whether you’re considering buying, selling, or just staying informed, this update will give you a clear picture of where the Calgary real estate market is heading and what you need to know before making your next move.
Calgary’s Market Is Shifting – But It’s Not a Crash
If you’ve been scrolling through real estate headlines lately, you’ve probably seen some dramatic claims:
❌ “Calgary home sales are down nearly 20% from last year!”
❌ “The real estate market is slowing!”
❌ “A crash is coming!”
The truth? Context matters.
Yes, Calgary home sales were down 19.5% in August compared to the same time last year, but let’s put that into perspective:
📌 August 2023 was an unusually high sales month, meaning this drop is simply a return to a more normal market.
📌 New listings are up 13% year-over-year, giving buyers more options and creating a more balanced market.
📌 Calgary’s benchmark home price has still increased 6.3% year-over-year, meaning values remain strong.
So, while sales volume has dipped, prices are still rising, and demand remains steady—especially with the latest interest rate cut.
Lower Interest Rates = More Buyers Entering the Market
One of the biggest headlines this month is the Bank of Canada’s rate cut. This move makes mortgages more affordable, and that’s a game-changer for many buyers who were waiting on the sidelines.
📉 Lower rates mean lower monthly payments.
📈 More buyers will now qualify for a mortgage.
⏳ This could lead to another surge in demand as we head into fall.
That said, don’t expect the crazy seller’s market of early 2024 to return overnight. While more buyers will enter the market, the increased inventory levels mean a more balanced market—which is a good thing for everyone.
What’s Happening with Calgary Home Prices?
Despite sales slowing down, prices continue to rise. Calgary’s benchmark price now sits at $601,800, up 6.3% year-over-year.
Here’s what’s happening across different property types:
🏡 Detached Homes:
✔ Average price: $762,600 (up 9.4% year-over-year)
✔ Sales: 1,026 homes sold in August
✔ Most active price range: $600,000 – $700,000
🏠 Semi-Detached Homes:
✔ Benchmark price: $681,000 (up 9.6%)
✔ More buyers are choosing semi-detached over detached homes due to affordability.
🏘 Row Homes (Townhouses):
✔ Prices: $461,000 (up 12.4%)
✔ This market was red-hot all year but is finally starting to balance out.
🏢 Apartment Condos:
✔ Benchmark price: $346,000 (up 15.8%)
✔ The condo market was in a seller’s market earlier this year but has now balanced out.
One of the most surprising trends? The luxury market is booming. Over 143 properties sold for $2M+ this year, showing that high-end buyers are still active.
Is Now the Right Time to Buy or Sell in Calgary?
With interest rates dropping and inventory increasing, we’re heading into a balanced market.
✅ For Buyers:
- More homes on the market = more choices and less competition.
- Interest rates are lower, making homeownership more affordable.
- Prices are rising, but at a steady, manageable rate.
✅ For Sellers:
- Pricing correctly is key—homes are still selling, but buyers have more choices now.
- Detached homes and townhouses continue to see strong demand.
- Luxury properties are moving at record levels, so high-end sellers are in a great position.
If you’re looking to buy, sell, or invest, now is the time to be strategic.
Thinking of Selling? Our New Home Upgrade Program Can Help!
If you’ve been considering selling but feel like your home needs a little work before hitting the market, we have an incredible new program for you.
🎨 Carpet and paint make the biggest impact on resale value.
💰 We’ll cover the upfront cost of these upgrades, so you don’t have to pay anything until your home sells.
📈 Investing $15,000 in flooring and paint could increase your home’s value by $15,000-$30,000!
This is a win-win for homeowners looking to maximize their sale price without the financial burden of upfront costs. If this sounds like something that could help you, let’s chat!
Final Thoughts & Market Outlook for Fall 2025
Looking ahead, Calgary’s market remains one of the strongest in Canada.
📌 Lower interest rates will bring more buyers back into the market.
📌 More inventory = more balance, which is healthier for both buyers and sellers.
📌 Alberta’s economy remains strong, supported by high oil prices and continued migration.
The market is not crashing—it’s simply normalizing, which is a great thing for long-term stability.
If you’re thinking of buying or selling, let’s have a conversation. There’s a strategic way to navigate this market, and I’d love to help you find the best path forward.
📞 Call/Text: (587) 847-0449
📩 Email: rob@robvanoteam.ca
🌐 Website: www.viewcalgaryareahomes.ca
Let’s talk soon!
– Rob Vanovermeire