Calgary Real Estate Market Update

Sales remain above long-term trends despite declines

Inventory levels saw substantial year-over-year growth for the second month in a row, rising by 76 per cent 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.

The increase was driven by substantial growth in the more affordable apartment and row/townhouse sectors. The overall months of supply was 2.4 in February, similar to last month but more than double this time last year. Apartment-style units remained the most well-supplied at 3.1 months.

There were 1,721 sales in February, which was above historical averages for the month but 19 per cent lower than levels seen last year and significantly lower than the record levels seen in the post-pandemic period. New Listings in February reached 2,830, roughly in line with historical averages for the month. The sales-to-new listings ratio for the month was 61 per cent, higher than historical averages but below levels seen in each of the last three years.

“Even though more people listed their homes for sale, there were actually fewer sales than in February 2024. So, we’re seeing the seller’s market of the past two or three years ease off,” said Alan Tennant, President and CEO of CREB®. “In turn, that’s caused the pace at which prices are increasing to slow down a bit, which should come as welcome news for buyers.”

The total residential unadjusted benchmark price in February was $587,600, relatively stable compared to late-2024 and roughly one per cent higher year-over-year. Price changes varied across the city, with the City Centre and North districts seeing declines, while the East district saw the largest price growth at over three per cent.

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Special Holidays - March

Upcoming Events in Calgary

• Calgary Hitmen Home Games : March 2, 7, 9, 16, 19, 23

• Hilario Durán & The Calgary Jazz Orchestra: March 6

• The Wilds by WONDERHEADS: March 6-15

• Theory of a Deadman Unplugged: March 7

• 2025 International Women’s Day Women + Wealth Gala: March 8

• Calgary Flames Home Games: March 8, 12, 14, 25, 27

• The Wizard of Oz: March 13

• YYC Food & Drink Experience: March 14-30

• Calgary Comic Book Show: March 15

• TINA – The Tina Turner Musical: March 18-23

• Heart - Royal Flush Tour: March 20

• Grape Escape: March 21-22

• PHENOMENA: The Exhibition: Until March 26

Youtube Videos

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Article of the Month

The age-old debate of renting vs. buying is one every potential homeowner faces. While renting provides flexibility, owning real estate builds equity, security, and long-term wealth. Let’s break down the pros and cons of each, with a focus on why buying a home is one of the smartest financial moves you can make!

🏠 The Case for Homeownership: Stability & Wealth Building ✅ Building Equity – Every mortgage payment is an investment in your future, unlike rent, which simply pays your landlord’s mortgage. As property values rise, so does your wealth!

✅ Predictable Payments – With a fixed-rate mortgage, your housing costs remain stable, unlike rent, which can increase annually.

✅ Freedom to Personalize – Want to renovate, paint, or build a backyard oasis? As a homeowner, you call the shots!

✅ Tax Benefits – Homeowners may qualify for tax deductions on mortgage interest and property taxes, saving thousands over time.

✅ Long-Term Stability – Unlike renting, where landlords can increase rates or sell the property, owning gives you control over where you live and for how long.

✅ A Smart Investment – Historically, real estate appreciates over time, making it a solid long-term investment compared to renting, which builds no equity.

🏚️ The Downsides of Renting: Paying for Someone Else’s Investment ❌ No Equity – Your rent money vanishes each month with no return on investment.

❌ Rising Costs – Landlords increase rent annually, meaning your living costs are never truly fixed.

❌ Lack of Stability – The property isn’t yours—your landlord can sell, decide to move in, or change the lease terms.

❌ Limited Personalization – Want to paint the walls or install a dream kitchen? Renting means you can’t make it your own.

❌ No Tax Benefits – Unlike homeowners, renters don’t get tax breaks or build any financial security through their living arrangements.

🏡 Is Buying Always the Right Choice? While owning a home is financially smarter in the long run, it’s important to ensure you’re financially prepared for: 🔹 A down payment (though some mortgage options require as little as 5%) 🔹 Maintenance costs (you’re responsible for repairs) 🔹 A long-term commitment (buying is best if you plan to stay put for a while)

If you’re ready to stop paying rent and start investing in yourself, let’s chat about how to make homeownership a reality! 💰🔑

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