We have released our spring 2025 housing market update, an overview of the state of the real estate landscape in Calgary and surrounding areas. 

The report updates the forecast for 2025 that CREB^® released in January, highlighting trends in sales, pricing, the economic forces that are currently affecting the market, and how they may shape activity for the rest of the year.

Sales activity so far this year has eased more than expected as economic uncertainty has weighed on consumer confidence. However, this easing comes from a relatively high starting point and has brought sales to a level that is more consistent with long-term trends and higher than the lows reported during the economic slowdown of 2015 -2019.  

Meanwhile, record high new home starts over the past few years are contributing to supply gains. Most of this supply is higher density in nature and targeted to the rental market, but is still causing inventory to rise in the resale market as renters and buyers have more options.

This has contributed to the doubling of inventory over 2024, which is bringing resale supply back in line with normal levels.