October 2025 Market Update

Ever feel like Calgary’s real estate market changes the minute you blink? You’re not wrong—and this October was no exception. Let’s break down what’s really happening behind the headlines so you can stay a step ahead, whether you’re buying, selling, or just keeping an eye on the market.

We’re seeing a market that’s recalibrating, not collapsing. And there’s a big difference.

In October, total sales across Calgary hit 1,885 units—a 13% drop compared to last year. At first glance, that might seem like a red flag. But here’s the thing: much of that slowdown is concentrated in apartment and row-style homes. Detached and semi-detached homes? Still holding their ground.

In fact, detached homes made up 1,012 of those sales—a slight dip of 5% year-over-year. But it’s not all about fewer sales. What really shifted this month is inventory.

We saw 6,471 properties on the market, which is up significantly from last October. So even though sales are down, there are more options for buyers. And that extra breathing room is giving the market a chance to find its balance.

Here’s where it gets interesting.

Despite the higher inventory, the overall benchmark price for residential properties in Calgary came in at $568,000—down just under 1% from September, and about 4% lower than last year. That kind of correction isn’t shocking given the jump in listings and the seasonal slowdown.

The segments feeling that pressure the most? Apartments and row homes.

  • Apartments: Prices dropped nearly 7% year-over-year to $318,200, with over 1,800 units in inventory. That’s the highest we’ve ever seen for this time of year.
  • Row homes: Down 6% from last year, now sitting at $431,200. These units also hit record-high inventory levels for October.

That extra supply is great news for buyers in those categories—but it’s also putting downward pressure on prices.

So, what about detached homes?

They’re still the most resilient segment. The benchmark price for a detached home came in at $744,400, just 1% below last year, and notably stable compared to apartment or row product. Even semi-detached homes saw a modest price gain year-over-year at $683,100.

But don’t let the averages fool you—price performance still depends heavily on location.

Some districts, like the City Centre, saw price increases year-over-year. Others, like the North East, reported the sharpest drops, especially for detached and row homes. That’s a reminder that real estate is hyper-local, and every pocket of the city has its own rhythm.

So what does this mean if you’re thinking of making a move?

If you’re a buyer, this is your moment to explore. More inventory = more choice. And if you’ve been watching prices from the sidelines, some segments—like condos and townhomes—are offering a bit more breathing room right now.

If you’re a seller, don’t panic. Yes, the frenzy has cooled compared to earlier this year, but demand is still out there—especially in detached and semi-detached homes. Pricing strategically and making a strong first impression is more important than ever in this kind of market.

And if you’re just curious about what your home might be worth right now, or what’s happening in your specific community, we’ve got you covered.

Every market tells a story. October’s story? We’re shifting, not sliding—and that’s a healthy move.

Thinking about your next step? Contact Len T. Wong and Associates, for a personalized look at your goals, and make a plan that fits today’s market—whether you’re moving up, scaling down, or exploring your options.