As we close out 2025, the Calgary real estate market continues to adjust after several years of rapid change. November’s data confirms a shift toward a more balanced environment, with different conditions depending on property type and location.

Whether you’re a homeowner, buyer, or investor, understanding these trends is key to making smart decisions heading into 2026.

A Market That’s Settling, Not Stalling

In November, fewer new listings came to market while sales picked up slightly. This helped prevent inventory from growing as quickly as it had earlier in the fall and created a steadier pace across much of the city.

Overall activity remains lower than last year, but still consistent with long-term trends. What’s changing most is where demand is strongest and how pricing is behaving by property type.

Detached and Semi-Detached Homes: Holding Up Best

Detached and semi-detached homes continue to show the most stability.

• Detached homes remain in relatively balanced conditions, though pricing varies by area

• Some communities are still seeing strong demand, while others are offering buyers more leverage

• Citywide detached prices are slightly lower than last year but remain resilient compared to other segments

This segment is still attractive for both move-up buyers and sellers who price strategically.

Condos and Townhomes: More Choice for Buyers

The biggest changes continue to be in the condo and row home markets.

• Increased inventory has created more competition

• Buyers have more selection and stronger negotiating power

• Prices in these segments have adjusted more noticeably year-over-year

Improved rental supply and easing rents have also reduced urgency among buyers, especially in apartment-style properties. For buyers, this presents opportunity. For sellers, it reinforces the importance of correct pricing and strong presentation.

Pricing Snapshot Across Calgary

As of November:

• The overall residential benchmark price sits around $568,000

• Prices are slightly lower than last month

• Year-over-year values are down, driven primarily by condos and townhomes

Detached homes remain the most stable, while apartments have experienced the largest price adjustments.

What This Means for Buyers

If you’re thinking about buying, today’s market offers:

• More choice across most property types

• Less competition than previous years

• Better conditions for negotiation, especially in condos and townhomes

This is a market where patience and good advice can pay off.

What This Means for Sellers

For sellers, success is still very achievable — but strategy matters more than ever:

• Pricing correctly from the start is critical

• Presentation and marketing can make a real difference

• Understanding your neighbourhood and buyer pool is key

Homes that are well-priced and well-presented continue to attract serious buyers.

Looking Ahead to 2026

As we move into the new year, the Calgary market is expected to remain balanced, with performance continuing to vary by property type and location. Buyers and sellers who stay informed and plan carefully will be best positioned to take advantage of changing conditions.

If you’re considering making a move this year or in 2026, or simply want a clearer picture of what’s happening in your neighbourhood, I’m always happy to help.

Dave Hammer
REALTOR® | RE/MAX First
📧 David.Hammer@remax.net
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