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2w ago

Calgary Resale Market Balances as Prices Decline Slightly in April

New listings increased while sales fell, reflecting a balanced market with modest price corrections and notable growth in the luxury segment.

A major push behind the rise in luxury real estate in Edmonton is infill construction in older neighbourhoods.
In April, the benchmark price for all housing types in Calgary was $591,100.
Years of high demand, driven by a strong economy and high-migration have bolstered demand for luxury homes in Calgary.
Home sales were up in Cochrane in April, with an increase in price, as well.

Overview

  • Calgary's resale market recorded a 1.1% year-over-year benchmark price decline to $591,100 in April, alongside a 22% drop in sales and a 16% rise in new listings.
  • The sales-to-new-listings ratio stood at 55%, signifying a balanced market, with single-family detached homes remaining the tightest segment at a 58% ratio.
  • Luxury homes in Calgary now start at $1.5 million, up from $1 million pre-pandemic, with luxury resales increasing by 11.5% in early 2025 compared to the same period in 2024.
  • Outlying communities showed mixed performance in April, with Cochrane (+4%) and Canmore (+20%) seeing sales increases, while Okotoks (–14%) and High River (–36%) experienced declines.
  • Migration from higher-cost markets like Vancouver continues to fuel demand, particularly in Calgary's luxury segment, where buyers find greater value compared to other major cities.