Calgary housing market among the most balanced in the country
Calgary’s housing market is sitting among the most balanced in the country, with a 4.6 per cent decrease in its sales-to-new listing ratio compared to this time last year.
The real estate platform Zoocasa released a report on the best markets in Canada to buy and sell in Fall 2025, which showed Calgary’s housing market is seeing a slight cooldown compared to 2024.
Markets with a percentage below 40 per cent are considered buyer’s markets, where listings are higher than sales, giving buyers more choice. Ratios between 40 and 60 per cent are considered balanced markets, where supply and demand are aligned. Anything above 60 per cent is considered a seller’s market, where sales are higher than listings, giving sellers an advantage.
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Calgary came in with a 57 per cent sales-to-new listing ratio, placing it in the balanced territory. The city ranked among nine Canadian markets that were classified as balanced, where neither buyers nor sellers have an advantage. Homes are moving steadily, with enough listings to provide choice for buyers, but also good demand for sellers.
According to the report, Calgary recorded 1,989 homes sold and 3,478 new listings in August 2025. The city sat behind Montreal CMA, which had a sales-to-new listing ratio of 59.7 per cent, and Ottawa, which saw a 58.3 percent.Â
In August 2024, Calgary saw 2,186 sales compared to 3,536 new listings, which put it at a 61 per cent sales-to-new listings ratio, giving sellers an advantage. The market’s steadiness in 2025 is taking the pressure off both buyers and sellers.Â
Alberta’s other major city, Edmonton, saw a ratio of 61 per cent, a massive decrease from last year, when it sat at 72 per cent. Despite the sharp drop, Edmonton’s housing market remains a notable seller’s market, with demand exceeding supply.