Balanced Conditions
After several years of an intense seller’s market, Calgary’s real estate landscape has now shifted into a more balanced phase. Inventory levels and sales activity are settling into alignment with long-term trends, giving both buyers and sellers more stability and predictability in their decision-making. (Source: Justin Havre Real Estate Team, CREB)
Downtick in Prices — Mostly in High-Density Segments
While the market overall is balanced, price adjustments are being felt most in high-density property types such as apartments, row homes, and condos. These declines are especially evident in areas where significant new construction has increased supply. Detached homes, on the other hand, continue to demonstrate stronger value retention. (Sources: CREB, Justin Havre Real Estate Team, Nesto, WOWA)
Why It Matters
For Sellers: You can still expect strong interest from buyers, but pricing strategically is key. Accurate pricing and thoughtful staging will play a bigger role than ever in achieving a timely and successful sale.
For Buyers: The pressure and urgency of the last few years have eased. Buyers now have more breathing room to negotiate, conduct due diligence, and include protective conditions in their offers. This shift creates a healthier, more manageable process for those entering the market. (Sources: Justin Havre Real Estate Team, A-Team Calgary)
In summary, Calgary’s housing market is no longer overheated but instead offers a balanced environment where both buyers and sellers can make informed moves. Detached homes are holding strong, while buyers of condos and row homes may find opportunities with softer pricing. Whether you’re considering listing or house-hunting