Calgary condo prices remain stable as markets fluctuate across Canada
After two years of steep costs and growing inventory, condo prices have started to cool, and the Calgary area is no exception.
According to a new report from the digital real estate platform Zoocasa, condo prices have dropped in nearly every major region in Canada. While other areas saw more significant changes, Calgary’s condo market remained relatively steady.
The city recorded a 6.4 per cent year-over-year decrease, with the benchmark price for a condo falling from $345,000 in 2024 to $322,900 in 2025.
Calgary’s surrounding communities saw similar patterns.
Airdrie saw a 5.6 per cent decline, Strathmore saw a 5.2 per cent drop, and Okotoks fell 7.4 per cent. Cochrane saw the sharpest drop in the region at 7.9 per cent, while High River saw little change with a 1.1 per cent drop.
Zoocasa
“Compared to the volatility in Ontario and British Columbia, Calgary’s market stood out for its consistency, a reminder that slower, steadier adjustments often create more predictable outcomes for both buyers and sellers,” the report noted.
In contrast, other major regions like the Toronto and Vancouver areas saw much larger changes in condo prices over the year, both bigger declines and increases.
In the Toronto area, Aurora saw a 14.9 per cent increase in year-over-year condo prices, while Caledon saw a steep 21.6 per cent decline.
In British Columbia, Ladner saw the most significant increase in the Vancouver area, with only a 2.7 per cent increase, while the Sunshine Coast saw the most significant decrease, with a 12.5 per cent drop.
“Rather than a full-scale correction, these shifts reflect a return to balance after several years of aggressive growth. Prices have been adjusted, but few markets have experienced the kind of deep volatility seen earlier in the decade,” the report says.