Detached home prices in Calgary remain steady as other markets slow
Calgary’s housing market is seeing signs of a cooldown. Detached homes are holding steady in Calgary, while apartment and row-style homes are seeing steeper declines.
The Calgary Real Estate Board (CREB) recently released its October 2025 housing report, which shows that detached home prices fell just 1.3 per cent compared to this time last year, while apartment and row-style homes saw declines of over 5 per cent.
Detached home sales totalled 1,012 in October, down five per cent from last year. There were 1,593 new listings, pushing the sales-to-new-listings ratio to 64 per cent.
Inventory levels are a bit above long-term October trends, currently sitting at 2,913 units, but the months of supply sit at 2.88, making the market relatively balanced.
On the other hand, apartment and row-style homes in Calgary are facing a much more challenging market.
Calgary Real Estate Board
Row-style homes hit a record high of new listings, with 6,129 units added on a year-to-date basis, pushing inventory levels to 1,054, the highest ever reported for October, and 32 per cent higher than long-term trends.
Row-style home months of supply is currently around four months, creating buyer’s market conditions which have put downward pressure on prices, which fell nearly six per cent, down to $431,000.
Apartments are facing similar challenges, as 1,891 units in inventory and only 412 sales in October have pushed the months of supply up to five months. Benchmark prices have dropped seven per cent, down to $318,000.
“Excess supply for apartment and row-style properties is weighing on prices in those segments more so than any other property type, influencing total residential prices,” said Ann-Marie Lurie, CREB’s chief economist, in the report.
You can view the full report online.