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As we move through spring, Calgary's real estate market is showing signs of stabilization following years of volatility. According to new data from the Calgary Real Estate Board (CREB®), April saw a notable rise in inventory, with 5,876 units available — more than double what was on the market this time last year. While this may seem like a surge, it's actually a return to levels that are typical for April.
Sales Cooling Off, But Not Collapsing
April recorded 2,236 home sales, which marks a 22% decline compared to April 2024. However, this drop is less alarming when viewed through a longer lens, as current sales still align with Calgary’s historical averages. The Chief Economist at CREB®, Ann-Marie Lurie, attributed the slowdown to ongoing economic uncertainty but pointed out that factors such as stable employment, improved housing supply, and past gains in migration have prevented a more dramatic market contraction.
Market Conditions: Balanced But Uneven
Thanks to the jump in new listings, Calgary is now experiencing more balanced market conditions, with nearly three months of housing supply available. However, this balance isn’t uniform across all property types. Lower-priced detached and semi-detached homes remain in short supply, continuing to favor sellers. Meanwhile, the apartment and row housing segments are showing signs of more even dynamics between buyers and sellers.
Prices Holding Steady
Home prices have largely stabilized following several years of aggressive growth. Compared to last month, benchmark prices remained flat. Year-over-year, detached and semi-detached homes have appreciated by just over 2%, while apartment and row-style homes have seen little to no change in value.
What This Means for Buyers and Sellers
For buyers, especially those interested in entry-level detached homes, competition remains tight and inventory limited. For sellers, particularly in the apartment and row housing segments, a more balanced market means realistic pricing and proper marketing are key to attracting buyers.
Conclusion
Calgary’s real estate market in April 2025 is no longer in a boom-or-bust cycle. It’s entering a phase of much-needed balance and stability. Whether you're looking to buy or sell, understanding the nuances of the current market is key to making the right move.
If you're considering entering the Calgary real estate market—whether buying your first home or selling your current property—don't hesitate to get in touch. With deep knowledge of local trends and experience navigating shifting market conditions, I’m here to help you make informed, confident decisions.
📞 Call now or 📧 Send a message—I’d be happy to support you every step of the way.
