Calgary housing market, February 2025: the sellers’ market eases off
The biggest inventory gains were for homes under $500,000. Condo new listings set a February record of 852.
Berg Estate Team blog
News & Insights – Page 9
Calgary real estate market news, our monthly market updates and new videos from the Berg Estate Team: Tom Berg and Valery Berg, REALTORS® with eXp Realty.
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Alberta Budget 2025 raises education property tax: Calgary to pay $1,037 million
Requisitions in Airdrie, Cochrane, Okotoks and Chestermere rise even faster, by 23–29%.
Calgary condo inventory nearly doubles in January 2025
The sales-to-new-listings ratio fell to 40%, and condos took 51 days to sell, up from 35.
Airdrie, Cochrane and Okotoks in January 2025: more choice in two towns, not in Okotoks
Airdrie and Cochrane have had more than two months of supply for five months in a row.
Calgary housing market, January 2025: inventory up 70% as supply improves
Supply ranges from under two months for semi-detached homes to 3.5 months for apartments.
Bank of Canada cuts to 3% as tariff threat clouds the outlook
The Bank said lower rates have started to boost consumption and housing activity.
CREB 2025 forecast: over 26,000 sales and a move toward balance
Slower migration, competition from new homes and possible tariffs are the main risks.
Calgary housing starts jump 24% in 2024 to 24,369 homes
Nationally, urban starts rose 2% to 227,697, while the six largest cities fell 3% combined. Calgary grew in every housing type.
2025 property assessments: Calgary’s median home rises to $697,000
The typical residential value rose 15%. Owners can review their assessment until March 21, 2025.
Airdrie, Cochrane and Okotoks in 2024: prices up nearly 8–9% in a sellers’ year
Supply improved late in the year in all three towns, but Okotoks has been a sellers' market since 2021.
Calgary housing market 2024 in review: another strong year for sales and prices
Supply improved for higher-priced homes in the second half, and prices stabilized after steep spring gains.
CMHC: record rental supply growth lifts vacancy, and Calgary rent growth slows
Calgary's rent growth slowed significantly but still outpaced every other large urban centre, driven by migration-led population growth.