Back to today’s briefing

Story perspectives

Calgary Housing Inventory Soars as Prices Dip 3.9%

8/4/2025

24 5

Summary

Story summary

Calgary's housing inventory hit 6,917 units in July, the highest level since before the pandemic.
Residential benchmark prices decreased by 3.9% compared to July 2024, particularly affecting apartments and row homes.
Year-over-year sales fell by 11.6%, driven by economic uncertainty and competition from new homes.
Detached home prices remained stable, with months of supply increasing to three, signaling a balanced market shift.

History

Historical Context

The 2008 global financial crisis caused U.S. home prices to plummet by 30%, impacting housing markets worldwide. In July 2024, Calgary experienced a 3.9% decline in residential benchmark prices amid economic uncertainty, with inventory rising to 6,917 units. This trend reflects historical patterns where economic downturns lead to increased housing supply, suggesting a potential shift towards a more balanced market.

1 of 2

Story summary

Calgary's housing inventory hit 6,917 units in July, the highest level since before the pandemic.
Residential benchmark prices decreased by 3.9% compared to July 2024, particularly affecting apartments and row homes.
Year-over-year sales fell by 11.6%, driven by economic uncertainty and competition from new homes.
Detached home prices remained stable, with months of supply increasing to three, signaling a balanced market shift.

1 / 2