February 2025 Market Update
The year has certainly kicked off with some fascinating trends in Calgary’s housing market. Here are three key stats that might seem to suggest a shift in supply and demand dynamics—yet Calgary continues to defy expectations.
In January, we saw 1,451 sales, marking a 12% decline year-over-year (YoY). At the same time, new listings surged 36% YoY, reaching 2,896. Based on these numbers alone, you might expect market pressure to ease and prices to stabilize. But Calgary had other plans—home prices still climbed 6.3% YoY in January.
While supply levels are expected to rise throughout the year, the demand from active buyers is likely to keep pace, maintaining strong competition and driving the market forward. Calgary continues to prove why it remains one of the most dynamic and resilient housing markets in the world.
The uptick in our supply is mostly due to a large number of apartments coming on and then sitting on the market longer than they have the past few years. Average Days On Market in our apartment sector has risen from 35 in January 2024 to 51 in january 2025, a 45% increase! Which coincidentally matches the same increase in new listings for the sector.
Going forward into the spring, I believe we will continue to see upward trends through all segments of the market even with the increased supply levels. The Detached and Semi-Detached markets will perform the best, with apartments falling behind a little bit.