Uncertainty Weighing on the Housing Market
As Calgary steps into spring, the real estate market is starting to reflect the growing sense of economic caution across the country. Ongoing uncertainty—particularly surrounding global tariffs—has started to weigh on consumer confidence and, in turn, real estate activity.In March, Calgary recorded 2,159 sales, a 19% decline compared to the same time last year. The slowdown touched every property type, with the steepest pullbacks in higher-density segments like apartments and row townhomes.“It is not a surprise to see a pullback in sales given the uncertainty,” said Ann-Marie Lurie, Chief Economist at CREB®. “However, it is important to note that sales still remain stronger than anything reported throughout 2015 to 2020, where our economy faced significant economic challenges and job loss.”So while activity is cooling compared to the boom years, it remains healthier than pre-pandemic norms.
Key March 2025 Stats at a Glance
- 📉 Sales: 2,159 (⬇ 19% YoY)
- 🏘️ New Listings: Over 4,000
- 🔁 Sales-to-New Listings Ratio: 54% (a shift toward more balanced market conditions)
- 📦 Inventory: 5,154 active listings
- 📊 Months of Supply: 2.4 months (up from tight conditions last year)
- 💰 Benchmark Price: $592,500 (relatively stable YoY)
What’s Happening with Prices?
Despite the easing in demand, benchmark home prices remain stable, a sign of resilience in Calgary’s housing market. Here’s how things are playing out: • Detached and semi-detached homes are holding close to their peak prices and even seeing some continued upward movement. • Apartment and row homes are slightly below last year’s peak but showing stabilization as supply improves.
This shift is largely due to inventory gains, which have helped relieve some of the pressure that drove prices up over the past four years.
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What This Means for You - 🛒 Buyers: You’re starting to get more choices in the market, especially in terms of inventory. With more balanced conditions and relatively stable pricing, this could be a great window to make your move. - 🏡 Sellers: The market is no longer as aggressive as it has been—but homes that are priced right and show well are still selling. Strategy matters more than ever.
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Let’s Talk Strategy for Spring 2025
Whether you’re looking to buy your first home, move up, or sell in today’s evolving market, I can help you make sense of the numbers and put together a plan that works.
📞 Get in touch today to discuss your goals—and how to take advantage of opportunities in this shifting Calgary real estate landscape.
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