TL;DR: Calgary home prices fell nearly 4% year-over-year in August 2025, with sales down 9% and inventory hitting the highest August level since 2019. Detached and semi-detached homes remain steadier, while condos and row houses are seeing the sharpest price drops, especially in the Northeast.
Is Calgary’s housing market crashing in 2025?
Not quite — but the landscape is shifting fast. August data shows Calgary is no longer in the red-hot seller’s market we’ve seen for the last four years. More listings are on the market, buyers have more choice, and sellers need sharper pricing strategies to stay competitive.
Calgary Housing Market Overview – August 2025
- Benchmark Price: $577,200 (↓ 4.1% year-over-year)
- Sales: 1,989 (↓ 9% year-over-year)
- Inventory: 6,661 (highest since 2019, ↑ 48% year-over-year)
- Months of Supply: 3.3 (balanced conditions emerging)
- Days on Market: 38 (↑ 41% year-over-year)
What this means: Sellers no longer hold all the cards. Buyers finally have leverage, especially in condos and rows where supply is swelling.
Detached Homes in Calgary – Still Holding Ground
Detached homes posted 995 sales in August, essentially flat year-over-year. The benchmark price sits at $755,600, down about 1%.
- City Centre: Prices ↑ 2%
- Northeast & East: Prices ↓ 5%
Detached homes remain more stable than other segments, though buyers in the NE and East have bargaining power.
Semi-Detached Homes – Calgary’s Resilient Segment
Semi-detached properties are proving the strongest in 2025.
- Sales: 206 (↑ 20% year-over-year)
- Benchmark Price: $687,200 (↑ 1% year-over-year)
- Months of Supply: 2.56
This tighter supply keeps semis competitive, particularly in inner-city communities like Capitol Hill and Altadore.
Row/Townhouses – Extra Supply Weighing Down Prices
Row homes are showing cracks:
- Sales: 339 (↓ 11% year-over-year)
- Inventory: 1,103 (2nd highest August on record)
- Benchmark Price: $439,600 (↓ 5% year-over-year)
Buyers looking in Skyview Ranch, Evanston, or the South have more choice than ever, creating strong negotiating opportunities.
Condos in Calgary – Record Inventory, Sharper Declines
Condos are under the most pressure.
- Sales: 449 (↓ 26% year-over-year)
- Inventory: 1,979 (highest August ever)
- Benchmark Price: $326,500 (↓ 6% year-over-year)
Downtown and Northeast condos are leading the price drops. Sellers face heavy competition; buyers should negotiate hard.
Calgary Market by Quadrant – August 2025
Northwest Calgary
- Detached: $794,300 (stable)
- Semi-detached: $668,400 (↑ 1%)
- Row: $445,700 (↓ 1%)
- Condo: $305,800 (↓ 6%)
Takeaway: Northwest is still one of the most resilient quadrants. Communities like Tuscany and Edgemont offer balance for both buyers and sellers.
Northeast Calgary
- Detached: $586,400 (↓ 5%)
- Semi-detached: $436,200 (↓ 2.5%)
- Row: $355,100 (↓ 9%)
- Condo: $281,900 (↓ 11%)
Takeaway: The most buyer-friendly quadrant right now, with steep discounts across property types.
Southwest Calgary
- Detached: $729,700 (↓ 0.6%)
- Semi-detached: $537,900 (↓ 0.7%)
- Row: $395,200 (↓ 5%)
- Condo: $308,100 (↓ 5%)
Takeaway: Mixed but balanced. Detached homes in Evergreen and Altadore remain strong, while condos and rows soften.
Southeast Calgary
- Detached: $716,700 (↓ 2.3%)
- Semi-detached: $519,700 (↓ 0.8%)
- Row: $453,700 (↓ 4%)
- Condo: $343,400 (↓ 8%)
Takeaway: Detached homes in Cranston and Mahogany remain desirable, but condos and townhomes are under more pressure.
Surrounding Areas – Airdrie, Cochrane, Okotoks
- Airdrie: $531,100 (↓ 4% year-over-year, highest inventory since pre-pandemic).
- Cochrane: $589,100 (↑ 2% year-over-year, holding steady).
- Okotoks: Up 2% year-to-date, with tighter supply than Calgary.
Key Takeaways for August 2025
- Detached & Semi-Detached: Still relatively stable.
- Row & Condo: Seeing the sharpest price drops.
- Buyers: More choice, especially in NE condos/rows.
- Sellers: Pricing and strategy matter more than ever.
Perspective: Even with these declines, Calgary home prices remain well above pre-pandemic levels.
Final Thoughts
August 2025 shows a market shifting from red-hot to balanced. Buyers finally have room to negotiate, while sellers must adapt to increased competition. Whether you’re buying or selling, timing and strategy are critical right now.
Calgary Real Estate Market Update – Comparison
Want to see how August compares to July?
Watch the full video here: https://youtu.be/qWeHHqXgx_c?si=IKDgqkN34rbJIx53
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