Calgary Real Estate Market Update

A boost in new listings drives further inventory gains and price adjustments

The 1,720 sales in September were not high enough to offset the 3,782 new listings coming onto the market, driving further inventory gains as we move into the fall. There were 6,916 units in inventory in September, 36 per cent higher than last year and over 17 per cent higher than levels traditionally reported in September. Both row and apartment style homes have reported the largest boost in supply compared to long-term trends.

“Supply levels have been rising in the resale, new home and rental markets. The additional supply choice is coming at a time when demand is slowing, mostly due to slower population growth and persistent uncertainty. Resale markets have more competition from new homes and additional supply in the rental market, reducing the sense of urgency amongst potential purchasers. Ultimately, the additional supply choice is weighing on home prices,” said Ann-Marie Lurie, CREB® Chief Economist.

Supply levels relative to demand typically drive shifts in home prices. In September, the sales to new listings ratio dipped to 45 per cent, and the months of supply pushed up to four months for the first time since early 2020. This is a higher level of supply compared to demand than is typically seen in the Calgary market and, should this persist, we could see a market that shifts more in favour of the buyer. However, conditions do vary by property type, price range and location.

Inventory gains for apartment style homes over the past several months have contributed to buyer market conditions in this segment, driving year-over-year price adjustments of over six per cent for a total benchmark price of $322,900 in September. While the detached segment has also seen a rise in the months of supply, it has not been as high as the apartment condo sector. At a benchmark price of $749,900, detached home prices are only one per cent lower than last year, with most of the adjustments driven by the North East and North districts.

For a community specific statistical report, please connect with me.

Special Holidays - October 2025

Upcoming Events in Calgary

There are ALWAYS endless things to do in the great city of Calgary. Here is a shot list of upcoming events.

• Granary Road’s Annual Harvest Fair & Pumpkin Hunt: Oct. 4, 5, 11, 12

• R&B Fest: Oct 4

• Halloweekends at Callaway Park: Until Oct 14

• YYC Pizza Fest: Until Oct 13

• Pumpkins After Dark: Until Oct 31

• The 14th Calgary Arab Film Nights Festival: Oct 3-5

• ScreamFest: October 10-31

• The Alzheimer Calgary Walk & Run: Oct 12

• Wordfest Presents IMAGINAIRIUM: Oct 14-19

• 2025 Honens International Piano Competition: Oct 15-24

• Royal West 2025: Oct 16

• Freshtival: Oct 16-18

• Rocky Mountain Food and Wine Festival: Oct 17-18

• Sarah McLachlan at the Saddledome: Oct 18

• Tattoo and Arts Festival: Oct 18-20

• Ghouls’ Night Out: Oct 24-27

• Spin Doctors & Smash Mouth: Oct 25

• 12-Hour Movie Marathon: Oct 26

• Calgary Halloween Thriller: Oct 31

Current Listings

Article of the Month

Your Home’s Annual Check-Up: Why a Home Evaluation Matters

Did you know that your home’s value can shift by tens of thousands of dollars in just a few months depending on the market? With interest rates, inventory levels, and buyer demand always changing, it’s important to know where your home stands, whether you’re thinking of selling or not.

That’s where a home evaluation comes in. Think of it like a yearly “report card” or wellness check for your house. I do this for many of my client’s annually.

What exactly is a home evaluation?

A home evaluation (sometimes called a Comparative Market Analysis or CMA) gives you a clear snapshot of what your home would likely sell for in today’s market. It’s not a formal appraisal, but it’s a reliable, practical tool that homeowners use to understand their property’s value.

When I prepare one, I look at:
✔️ Recent sales of comparable homes in your area
✔️ Current active listings (your competition)
✔️ Market trends—supply, demand, and interest rates
✔️ Your home’s features, updates, and condition

The result: a detailed picture of your home’s current value and how it stacks up in today’s market.

Why bother if I’m not selling?

Great question. Even if moving isn’t on your mind, an annual evaluation helps you:

• Track your equity (how much of your home you truly own)

• Make informed decisions about renovations, refinancing, or investing

• Stay on top of market shifts so you’re never caught off guard

• Plan ahead for the future, whether that’s upgrading, downsizing, or simply knowing your biggest asset’s worth

Here’s the best part:

Home evaluations are completely free of charge. I’m always happy to provide them, whether it’s for you, a family member, or a friend. No pressure, no strings attached. Just helpful, honest information to keep you confident in your home’s value.

The takeaway

A home evaluation is a simple, no-cost way to understand your property’s place in a constantly shifting market. Think of it as your home’s annual check-up, no stethoscope required.

If you’d like one, just reach out. I’m happy to put together a personalized report for you anytime.

Click here to get started!

Know anyone looking to buy or sell? Get in touch!