Well, here we are—April 2025. Spring is in full swing, and with it comes a fresh wave of questions about what’s happening in the Calgary real estate market.
There’s been a lot of noise lately—global headlines, political uncertainty, talk of tariffs, and of course, our own upcoming federal election. All of this can make people feel uneasy and ask:
“Is this the right time to buy?”
“Should I wait to sell?”
“Is the market slowing down?”
So, I dug into the numbers for Calgary and surrounding areas to give you the real story—what’s happening, what’s not, and what it means for your plans in 2025.
📉 Are Sales Slowing Down?
Let’s start with what everyone’s talking about: March sales were down 18.77% compared to last year. We sold 2,159 properties versus 2,658 in March 2024.
But let me be clear:
➡️ That doesn’t mean the market is crashing.
In fact, this is a return to more normal, balanced levels after a few intense years.
For perspective, almost 2,200 sales in March is still a very healthy number.
🏡 Inventory Is Finally Rising – And That’s a Good Thing
Here’s the big story:
✔️ New listings are up 26.66% year-over-year
✔️ Total inventory has doubled from last year—we’re now sitting at 5,154 active listings
This puts us at 2.39 months of supply—a big improvement from the tight 0.96 months we had last year.
What does that mean for you?
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Buyers: You’ve got more choices and a bit more breathing room.
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Sellers: You’re still getting strong sale prices—homes are selling at 99% of list price on average—but pricing strategy is more important than ever.
💵 Calgary Home Prices – Holding Steady, Slightly Rising
Benchmark price for March 2025:
🏠 $592,500 (essentially flat year-over-year)
📈 Calgary’s home values have increased 177% since 2005
Price growth is slowing—but that’s a good thing.
A healthy, sustainable real estate market grows at 1–3% per year. The last thing we want is the chaos of runaway appreciation.
🧭 What’s Ahead: Could Buyer Confidence Surge Post-Election?
Personally, I believe a lot of people are sitting on the sidelines right now. Once the election wraps up and we have more certainty, we could see a wave of pent-up demand hit the market.
If that happens, we may see upward pressure on prices again. That’s why for some buyers, April could be a great window to make a move before things heat up.
Of course, I don’t have a crystal ball—but this is where understanding the data and timing can really work in your favour.
📊 Quick Look at Calgary’s Property Types
Here’s how each segment of the market performed last month:
🔹 Detached Homes
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Benchmark price: $769,800
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Up 1.22% MoM | Up 4.11% YoY
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47% absorption rate – bordering on a balanced/seller’s market
🔹 Semi-Detached
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Benchmark price: $691,900
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Up 1.23% MoM | Up 5.12% YoY
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Balanced at 45% absorption
🔹 Rowhouses (Townhomes)
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Benchmark price: $454,300
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48% absorption rate – strong demand continues in the mid-$400K range
🔹 Apartment Condos
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Benchmark price: $336,000
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Demand softening – only 32% absorption
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Sellers: pricing and marketing are key here
🌄 What’s Happening Outside the City?
This month I also dove into surrounding markets—here are a few highlights:
🟢 Okotoks
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Detached homes are on fire with a 73% absorption rate
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Semi-detached homes? Only 8%—product type matters here
🟡 Cochrane
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Rowhouses and condos show strong demand
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Detached market softer than expected, likely due to older inventory
🔵 Airdrie
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Still a smart buy with strong absorption in all property types
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Detached benchmark: $651,000
🟣 Chestermere
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Surprisingly low absorption (21% for detached) despite great lifestyle offerings
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Strong value in townhomes and condos under $400K
🟠 Rocky View & Foothills Counties
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Acreages remain in demand
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Detached benchmark in Rocky View: $815,000
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Foothills remains a solid rural option with easier subdivision potential
📘 Thinking of Selling? Grab My Free Book
If you’re considering selling this year, I’d love to offer you a copy of my book:
“Selling Secrets You Can’t Afford to Miss”
👉 Click here to download it free
It’s packed with strategies from 25+ years of experience to help you:
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Price your home right
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Maximize value
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Avoid common mistakes
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Sell faster and with less stress
💬 Final Thoughts
Whether you’re buying, selling, investing, or just keeping an eye on the market—this is still a great time to be active. We’ve got inventory, we’ve got balanced conditions, and we still have strong long-term fundamentals in Alberta.
If you have questions about the market, your neighbourhood, or your next move—reach out anytime. I’m always happy to help.
📩 rob@robvanoteam.ca
📞 (587) 847-0449
🌐 robvanoteam.ca
Thanks for reading—and if you haven’t yet, check out this month’s full video update:
👉 Watch the April 2025 Market Update on YouTube
Talk soon,
Rob Vanovermeire