IT HAS BEGUN!
After a slow finish to 2024, the Calgary real estate market has roared to life in early 2025. We closed out the year with 2,989 properties on the market, but as of now, active listings have surged to 3,305—a staggering 53% increase compared to January 2024.
In just the first 15 days of January, we’ve already recorded 559 sales, with 82 of those properties hitting the market this month. Of those 82 new listings, the average Sales Price to List Price Ratio (SP:LP) sits at an impressive 101.63%. To put that into perspective, January 2024’s SP:LP was 99.9%. If this trajectory holds, we’re on track for another robust market with significant price gains as we head into spring.
Even with this sharp rise in inventory, buyer demand hasn’t skipped a beat. Migration and immigration are showing no signs of slowing down, and with interest rates becoming more buyer-friendly, the lower end of the market is primed for another standout year.