A Strong Market Despite Changes
The Calgary real estate market is expected to remain robust in 2025, even as some changes are on the horizon. According to CREB’s 2025 Forecast Report, “housing demand is expected to remain above long-term trends, supported by past gains in population and employment, easing lending rates, and better supply options.”
Sales Activity and Growth
One of the most notable predictions is that housing sales will exceed 26,000 units, which is impressive considering it’s “20 per cent higher than long-term trends.” This shows Calgary’s real estate market continues to be attractive to buyers, despite some economic uncertainties.

Key Market Changes for 2025
Price Growth Moderation
While prices will continue to rise, the increase won’t be as dramatic as in previous years. The report indicates that “Citywide price growth in 2025 is expected to moderate compared to the seven per cent increase reported in 2024.” This more modest growth suggests a market that’s becoming more balanced.
Supply and Inventory
A significant change is coming in terms of housing supply. The report notes that “Record-high new construction levels are adding supply to the market, contributing to an increase in resale listings.” This increase in available homes should help create more options for buyers and contribute to more balanced market conditions.
Market Segments to Watch
Detached Homes
The detached home market remains strong but is experiencing changes. The report indicates that “lower lending rates, improved supply, and continued, though slower, migration from other provinces are expected to support growth in detached home sales.”
Apartment Market
The apartment sector is facing interesting developments. According to the forecast, “Easing rental rates, driven by higher completions and slower international migration, are anticipated to impact the condominium market.”
Economic Factors Influencing the Market
Population Growth
While population growth has been a major driver of housing demand, it’s expected to moderate. The report states that “Calgary’s population growth is also expected to slow, it is anticipated to remain higher than the provincial average.”
Interest Rates
Good news for buyers: interest rates are expected to become more favorable. The forecast shows a gradual decline in overnight target rates throughout 2025, starting at 2.75% in Q1 and dropping to 2.00% by Q4.

Risks and Opportunities
Economic Uncertainties
The report identifies potential risks, particularly around trade relations. However, it notes that “if Alberta avoids U.S. tariffs, economic growth could be nearly double current estimates.” This scenario would likely lead to stronger housing market activity.
Market Balance
The market is moving toward more balanced conditions, which could benefit both buyers and sellers. As the report indicates, “This shift should help the market move toward more balanced conditions, slowing price growth to an annual gain of three per cent.”
Conclusion
The Calgary real estate market in 2025 appears to be heading toward a more sustainable pattern of growth. While some changes and challenges lie ahead, the overall outlook remains positive, with continued growth expected at a more moderate pace. This creates opportunities for both buyers and sellers, especially as the market moves toward more balanced conditions.
For anyone considering entering the Calgary real estate market in 2025, the key will be understanding these trends and timing their decisions accordingly. The increased supply and more moderate price growth could create better opportunities for buyers, while sellers can still expect to see appreciation in their property values, albeit at a more sustainable rate.
For more information see the CREB® 2025 Forecast Calgary and Region Yearly Outlook Report