These 7 areas near Calgary are seeing inventory skyrocket
Shopping for a new place to call home? You might be in luck. Housing in and around Calgary is seeing skyrocketing levels of inventory compared to last year.
According to the CREB 2025 Calgary & Region Spring Update Report, housing sales have begun to slow across the country, with the Calgary area enjoying a more balanced market than it’s seen in years.
Declines in energy prices, a pause in rate declines, and economic uncertainty resulted in less activity. Meanwhile, housing inventory has also been on the rise, with an average of two months of supply in most parts of Calgary and its surrounding municipalities.
More supply and less demand sounds like good news if you’re in the market for a new home, but let’s not get ahead of ourselves. While inventory has doubled compared to last year, it’s important to note that it’s still recovering from record lows, which means this is more of a return to “normal.”
Nonetheless, the outlook is certainly rosier than this time last year. If you’re currently home shopping, these are seven areas around Calgary where inventory has increased.
CREB 2025 Calgary & Region Spring Update Report
Airdrie
Inventory in Airdrie has gone up 133 per cent compared to last year, with an average of 2.5 months of housing supply. Listings are also lasting longer, averaging 37 days on the market.
However, benchmark prices are also higher than last year. Here is the breakdown:
- Detached: $645,760, up two per cent from last year
- Semi-detached: $504,460, up four per cent from last year
- Row: $385,660, up four per cent from last year
- Apartment: $294,120, up five per cent from last year
Cochrane
Inventory in Cochrane has increased by 73 per cent compared to this time last year, with an average of 2.5 months of supply. Listings sit on the market for an average of 40 days, an 18 per cent increase.
However, benchmark prices are also higher than last year. Here is the breakdown:
- Detached: $677,420, up four per cent from last year
- Semi-detached: $517,580, up three per cent from last year
- Row: $440,140, up three per cent from last year
- Apartment: $337,900, up 16 per cent from last year
Okotoks
Inventory in Okotoks is up by 52 per cent, with 1.8 months of supply. Listings are also lasting longer, with an average of 30 days on the market.
However, benchmark prices are also higher than last year. Here is the breakdown:
- Detached: $706,340, up four per cent from last year
- Semi-detached: $577,260, up five per cent from last year
- Row: $433,780, up seven per cent from last year
- Apartment: $286,260, up 12 per cent from last year
Chestermere
Inventory in Chestermere has increased by 112 per cent compared to last year, with 3.6 months of supply. Listings are on the market for an average of 42 days.
However, benchmark prices are also higher than last year. Here is the breakdown:
- Detached: $805,600, up three per cent from last year
- Semi-detached: $594,480, up five per cent from last year
- Row: $377,900, up seven per cent from last year
- Apartment: $258,460, up 14 per cent from last year
High River
Inventory in High River has gone up 27 per cent compared to last year, with an average of 1.8 months of housing supply. Listings are actually lasting less this year than last year, averaging 30 days on the market.
However, benchmark prices are also higher than last year. Here is the breakdown:
- Detached: $570,940, up four per cent from last year
- Semi-detached: $488,280, up eight per cent from last year
- Row: $359,540, up 10 per cent from last year
- Apartment: $211,280, up 12 per cent from last year
Strathmore
Inventory in Strathmore has increased by 83 per cent compared to last year, with 2.5 months of supply. Listings are on the market for an average of 34 days.
However, benchmark prices are also higher than last year. Here is the breakdown:
- Detached: $556,420, up four per cent from last year
- Semi-detached: $433,980, up five per cent from last year
- Row: $284,340, up nine per cent from last year
- Apartment: $245,580, up 12 per cent from last year
Canmore
Inventory in Canmore is up by nine per cent, with 3.4 months of supply. Listings are also lasting longer, with an average of 63 days on the market.
However, benchmark prices are also higher than last year. Here is the breakdown:
- Detached: $1,666,840, up seven per cent from last year
- Semi-detached: $1,435,180, up four per cent from last year
- Row: $1,095,580, up two per cent from last year
- Apartment: $841,360, up 15 per cent from last year
If you are interested in reading the complete CREB Spring 2025 Report for Calgary and the surrounding area, you can find it here.