Curious about the current state of Calgary’s real estate market? Here’s your comprehensive update for February 2025, based on the latest data from the Calgary Real Estate Board (CREB).

Home Prices & Market Trends

The Calgary real estate market continues to evolve as we progress through February 2025. According to the latest data:

• Inventory Levels: Inventory levels saw substantial year-over-year growth for the second month in a row, rising by 76 percent to 4,145 units in February. While inventory increases were seen across all price ranges, the largest increases were in homes priced under $500,000.
• Sales Activity: There were 1,721 sales in February, which was above historical averages for the month but 19 percent lower than levels seen last year and significantly lower than the record levels seen in the post-pandemic period.
• Benchmark Price: The total residential unadjusted benchmark price in February was $587,600, relatively stable compared to late 2024 and roughly one percent higher year-over-year.

Is It a Buyer’s or Seller’s Market?

With the increase in inventory and a slight decrease in sales activity, Calgary is transitioning towards a more balanced market. The overall monthly supply was 2.4 in February, similar to last month but more than double this time last year.

• Sellers: While demand remains strong, increased competition means pricing your property strategically is crucial.
• Buyers: With more listings available, you have a broader selection to choose from, making it an opportune time to explore the market.

Mortgage Rates & Affordability

Mortgage rates continue to play a pivotal role in Calgary’s real estate dynamics. While specific rates can vary, the current balanced market conditions suggest that both buyers and sellers should stay informed about rate fluctuations to make well-timed decisions.

Hottest Neighborhoods in Calgary Right Now

Several Calgary neighborhoods are attracting attention due to their unique offerings:

• City Centre: Experienced the largest price increase, with the unadjusted benchmark price rising to $760,500, nearly eight percent higher than last February.
• North East District: Trending towards more balanced conditions, offering opportunities for both buyers and investors.
• South and North West Districts: Remain supply-constrained with approximately 1.6 months of supply, indicating continued demand.

Thinking of Buying or Selling? Let’s Connect!

Whether you’re a first-time homebuyer, a seasoned investor, or looking to sell your property, understanding the current market dynamics is essential. As a dedicated Calgary realtor, I’m here to provide personalized insights and guidance to help you achieve your real estate goals.

Contact me today at 587-707-3366 for a free consultation!