May 2025 Real Estate Market Report: Calgary and Surrounding Area
Good Morning Everyone,
As of May 1, 2025, the Calgary real estate market, along with its neighboring communities of Airdrie, Cochrane, and Okotoks, continues to experience notable shifts in sales activity, inventory levels, and pricing trends. Below is a comprehensive analysis based on the latest data, along with tailored advice for buyers, sellers, and agents navigating today’s evolving conditions.
Calgary Real Estate Market Overview
Sales Activity
In April 2025, Calgary recorded 2,236 home sales, representing a 22.4% decrease compared to April 2024. Despite the decline, sales remained in line with long-term seasonal averages, indicating that underlying demand remains resilient.
Inventory Levels
The market saw 4,038 new listings in April—up 15.7% year-over-year—which pushed total inventory to 5,867 units. This marks a return to more balanced conditions, with months of supply rising to 2.6 months.
Pricing Trends
The benchmark price citywide was $591,100, relatively stable month-over-month and down 1.4% from April 2024.
The average home price increased 6.3% year-over-year to $646,743, reflecting sustained demand in certain market segments.
Property Type Breakdown
Detached Homes
1,102 sales (down 16.6% year-over-year)
Benchmark price: $769,300 (up 2.4%)
Average price: $839,250 (up 5.4%)
Semi-Detached Homes
190 sales (down 25%)
Benchmark price: $691,700 (up 3.6%)
Average price: $695,043 (down 0.3%)
Row/Townhouses
355 sales (down 27%)
Benchmark price: $457,400 (flat year-over-year)
Average price: $486,708 (up 3.1%)
Apartment Condominiums
589 sales (down 28%)
Benchmark price: $336,000 (up 0.2%)
Average price: $367,442 (up 2.5%)
Regional Insights
Airdrie
Sales reached 185 units in April. Inventory growth is moving the market closer to balanced conditions. The benchmark price held steady at $544,700.
Cochrane
Sales were steady year-over-year, with the benchmark price rising nearly 6% to $592,000—setting a new record high. Inventory remains tight, sustaining upward pressure on prices.
Okotoks
Sales activity eased slightly to 56 units, while the benchmark price increased to $627,100, up nearly 2% from last year. Inventory gains have helped moderate the pace of price growth.
Advice for Buyers and Sellers
For Buyers
Act Decisively: Even with improved inventory, competition remains in many segments. Being pre-approved and ready to act quickly is key.
Be Open-Minded: Exploring different home types or areas can help find value in a changing market.
Stay Informed: Work with a knowledgeable REALTOR® who can guide you based on current conditions.
For Sellers
Price Strategically: With more listings on the market, a well-priced home will stand out and attract qualified buyers.
Maximize Curb Appeal: Small updates, repairs, and staging can help your property shine.
Be Flexible: Accommodating showings and responding quickly to interest can make a big difference in sale timing.
Advice for Agents
Educate Your Clients: Help buyers and sellers understand what balanced market conditions mean for their strategies.
Stay Sharp: With pricing holding steady and sales volume declining, accurate valuations and expert advice matter more than ever.
Use Technology: Leverage digital marketing, virtual tours, and social tools to keep your listings competitive.
Build Relationships: Networking with other agents can give you access to off-market opportunities and better negotiation leverage.
Calgary Mortgage Market Update — April 2025 – Brought to you by Mortgage Connection
As the spring market heats up, mortgage rates remain in flux—shaped by ongoing bond market volatility and a cautious economic outlook. Here’s what’s most relevant for you and your clients right now:
Fixed Rates: Opportunity in the Lows
Fixed rates continue to track closely with bond yields, which have fluctuated significantly in recent weeks. Currently, 5-year insured fixed rates are in the low 4% range, with occasional dips below 4% when bonds trend downward. These rate drops can be brief—making rate holds and timing essential for rate-sensitive buyers.
Variable Rates: Flexibility for the Forward-Thinking Buyer
Variable rates are currently sitting in the low to mid 4% range, and we’re seeing more buyers gravitate toward them—not just for the initial savings, but for the flexibility to lock into a fixed rate if and when bond yields move lower. This hybrid approach is gaining popularity with clients who are confident in the broader rate outlook and want options.
Client Strategy Trends
Many clients are using variable options as a strategic bridge, giving themselves room to refinance in a more favourable rate environment.
Pre-approvals remain crucial in today’s fast-moving rate landscape.
Lender responsiveness and fast turnaround are giving pre-approved buyers a strong edge in Calgary’s still-competitive entry and mid-market segments.
At Mortgage Connection, we’re tracking every shift and adjusting strategy daily—so you and your clients can stay ahead of the curve. Let us know how we can support you: co-branded updates, rate scenarios, or rapid approvals—we’re here for it.
Looking Ahead
Heading into summer, we expect a continued trend toward balance, with more listings providing buyers options and some relief from recent tight market conditions. Population growth and employment stability remain strong in the region, so long-term fundamentals continue to support healthy real estate activity.
If you have any questions or want to dig deeper into the stats or how to support your clients this month, don’t hesitate to reach out!