April 1 2025

Row

March reported a surge in new listings with 697 units. The growth in new listings was met with 400 sales, causing the sales-to-new-listings ratio to ease, and inventories to rise from the lower levels reported last year. There were 826 units in inventory in March, pushing above long-term trends, but remaining shy of some of the highs reported prior to the pandemic. Supply levels improved across all price ranges, with much of the gains occurring in the North East, North and South East districts. Like other property types, improving inventory relative to sales has shifted the market toward more balanced conditions, especially for row homes priced above $500,000. This has also slowed the upward pressure on home prices. In March, the unadjusted benchmark price was $454,000, two per cent higher than last March, but nearly four per cent below peak levels reported in June of last year. 

Apartment Condominium

After the first quarter, condo sales reported the largest decline over last year compared to other property types. However, we achieved record highs last year, and the 1,383 sales remain well above long-term trends for the first quarter. Relatively strong demand has also been met with significant gains in new listings, causing the sales-to-new-listings ratio to fall below 50 per cent and driving inventory gains. As of March, there were 1,710 units in inventory, causing the months of supply to push up to just over three months. While the months of supply have risen compared to the exceptionally low levels seen over the previous three years, levels remain well below the over six-month average seen throughout 2015 – 2020.

Nonetheless, more supply has slowed the pace of price growth. The unadjusted benchmark price in March was $336,100, similar to last month and nearly three per cent higher than last March. Despite the year-over-year gain, prices remain below the peak reported last August. Prices are below peak across all districts, but the largest declines have occurred in the North and North East areas. 

April 1 2025

Uncertainty Weighing in Housing Market

Ongoing economic uncertainty, driven by tariff threats, has weighed on consumer confidence and impacted housing activity in March. Sales declined by 19 per cent year-over-year, totalling 2,159 units. Sales slowed across all property types, with the steepest declines seen in higher-density segments.

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Acadia  |  Belmont  |  Bonavista Downs

Braeside  |  Bridlewood  |  Canyon Meadows  

Cedarbrae  |  Chaparral  |  Chinook Park 

Deer Ridge |  Deer Run  |  Diamond Cove

Eagle Ridge  |  Evergreen  |  Fairview

Haysboro  |  Kelvin Grove  |  Kingsland

Lake Bonavista |  Legacy  |  Maple Ridge  

Midnapore  |  Millrise  |  Oakridge  |  Palliser

Parkland  |  Pump Hill  |  Queensland  

Shawnee Slopes  |  Shawnessy  |  Silverado

Somerset  |  South Calgary  |  Southwood

Walden  |  Willow Park  |  Woodbine

Woodlands  

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Luxury homes are high-end residential properties that offer superior quality, design, and amenities. These homes typically feature spacious layouts, premium building materials, state-of-the-art technology, and a high level of craftsmanship. Luxury homes are often located in prestigious areas, offering breathtaking views, privacy, and exclusivity. Key characteristics might include features like large swimming pools, home theatres, smart home systems, expansive gardens, and top-of-the-line appliances. In addition to the physical attributes, luxury homes also tend to be priced significantly higher than average homes due to their exceptional quality and unique locations.

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Members of The Institute for Luxury Home Marketing who hold the CLHMS designation (Stewart J Lowe-Calgary & Area) have successfully documented performance in the TOP 10% of their markets, and have successfully demonstrated their expertise in the luxury home and estate market.

Achieving Guild Recognition
***As a Guild Member of The Institute for Luxury Home Marketing™ Team Leader Stewart J Lowe is part of an International Network of Real Estate Professionals who specialise in the Luxury Market. Reach out for us to represent you!

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1. Home Price Growth

• Projected Increase: The average Calgary home price is expected to rise by approximately 4.5% this year, driven by growing buyer confidence and easing interest rates.

• Current Averages: As of January 2025, the average home price stands at $605,026, reflecting a 6.3% year-over-year increase.

2. Population Growth and Housing Demand

• Population Increase: Calgary's population is projected to grow by 2.9% in 2025, bolstering housing demand, especially in family-friendly and affordable neighborhoods.

• Supply Dynamics: While new listings have increased, demand continues to outpace supply, particularly in mid-range properties.

3. Market Balance and Inventory

• Balanced Conditions: The sales-to-new-listings ratio (SNLR) in Calgary was 50% in January 2025, indicating a balanced market.

• Inventory Levels: Inventory increased by 69% year-over-year to 3,639 units, equating to 2.5 months of supply.

4. Economic Factors

• Economic Growth: Calgary's economy is projected to grow by 3.2% in 2025, driven by job stability and investments in sectors like technology and renewable energy.

• Interest Rates: Easing mortgage rates are enhancing affordability, encouraging more buyers to enter the market.

5. Rental Market Trends

• Average Rents: The average rent in Calgary was $1,921 in December 2024, reflecting a 7.0% decrease year-over-year.

• Affordability: Despite recent decreases, Calgary remains more affordable compared to cities like Toronto and Vancouver, making it attractive for both renters and buyers.

In summary, Calgary's real estate market in 2025 is characterised by steady price growth, balanced market conditions, and strong economic fundamentals. Buyers and sellers are encouraged to stay informed and work closely with real estate professionals to navigate this dynamic landscape effectively.

Calgary Dream Homes

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Big City living in Calgary isn’t for everyone, some people like to look up at stars instead of the city lights. So moving out of a City or suburbs to a rural area might be next on your bucket list. If it is, here are a quick glance at what you need to look at, but we always advise to talk to a lender who understands rural sales, we can suggest a few.

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CONDO LIVING IN CALGARY is for the buyer who just wants to be in the centre of everything. There are many common misconceptions about owning a condo such as big condo fees and rules that determine what you can or can't-do.

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Big City living in Calgary isn’t for everyone, some people like to look up at stars instead of the city lights. So moving out of a City or suburbs to a rural area might be next on your bucket list. If it is, here are a quick glance at what you need to look at, but we always advise to talk to a lender who understands rural sales, we can suggest a few.

BUYING AN ACREAGE

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So you are about to list your Calgary home and you think you have it right. We have given you our advice and some complimentary staging options, then you start to second guess, what the potential buyers will like or dislike this or that!. But this is where you have to relax because part of our service is to take away anxiety, and selling your home should not be stressful.

They are viewing because it is in their price range.

So usually they are ok with the price range or they would not see the value in your home and their realtor would not be showing it to them. Remember first impressions, the home has to have good curb appeal, grass cut and weed wacked, front door and entrance washed down and sparkling clean.

Is the Front Door Clean

If they have a negative at the front door, such as lack of TLC - it will follow them through the home and everything they look at! Blinds up for showings, remember it’s show time! Light and space is what most buyers like, and you already de-cluttered didn’t you?

Tick the Boxes:

They begin the walk-through and hopefully start to tick the boxes. Flooring, appliances, open concept. The floors look good and the job you did on cleaning the house is paying off. Nobody likes someone else’s dirt.

Projects:

Most people don’t mind one maybe two projects especially if they are cosmetic, but don’t have the “they can fix it attitude” because you are setting yourself up for a low ball offer.

Organised:

Features that help keep them organised are important to many Calgary home buyers. Having a laundry room where they can keep laundry out of sight in a separate room is good. In a recent survey 90% of those surveyed said it was a huge plus. An astounding 57% said they would be unlikely to buy a home without it.

Entertaining

They will picture their family and friends visiting, have they got the space, is there some outdoor living,  where is the BBQ going to be set up..

Efficiency:

A top priority for many buyers is the energy efficiency of the home, insulation, how are the windows, have the furnaces been maintained, and a bonus is if the home is energy-star rated.

Location:

Will the home work for them as the kids grow up, school location, travel time to work (check busy times of the day), is it close to the LRT, where is little Johnnies hockey club compared to the home location. These points you have to consider and can be a big plus or minus.

Storage

Ninety percent of buyers are looking for a linen closet in their bathrooms to help keep towels and toiletries organised. Is there a walk-in pantry off the kitchen, considered  desirable by 85% of respondents. 

The Garage

Garage space for storage of bikes, lawn care and sports equipment is high on a buyers wish list.  And the big one - will the cars/truck fit!

When buying or selling a home there are many features to consider of being the  "Top of Mind" of home buyers. 

Text/Call:  Stewart:  403-850-0669 E: Info@CalgaryDreamHomes.com

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