Is the Calgary Real Estate Market Crashing?

Is the Calgary real estate market headed for a massive crash like Toronto? This July 2025 market update dives into the data behind one of the most-watched markets in Canada.

The Calgary market has clearly slowed down and officially tipped into a balanced market, creating the best conditions for home buyers since 2020. With sales dropping to their lowest June levels since 2019 and inventory hitting a decade high, buyers are benefiting from more choice, fewer bidding wars, and softening prices.

However, it's crucial to look at the longer-term trends. While active inventory is up significantly year-over-year, it is still down compared to the more "normal" market years of 2018 and 2019. This suggests a return to more sustainable levels rather than a full-blown crash.

Key Calgary Market Stats for July 2025:

Benchmark Price: The benchmark price has dropped to $586,200, a 3.6% decrease year-over-year.

Home Sales: Sales are down 14.6% compared to the 5-year average, with 2,286 homes sold.

Housing Inventory: Active inventory is up 32.4% from the 5-year average, with the most homes for sale in over a decade.

Months of Inventory (MOI): The MOI is 3.0, officially tipping the market into balanced territory.

What are your thoughts on the Calgary housing market? Is this a crash or a needed correction? Let us know in the comments.

This is the Bald Prairie Real Estate quick look at the Calgary Alberta real estate market for July 2025.

Link to the full video:    • Canadian Real Estate Market Updates  

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