Market Shift: Surging Inventory Drops Prices, Especially in Apartments & Row Homes—Expert Insights for Buyers, Sellers & Investors
—Malvinder S. Tiwana | Tiwana Real Estate Team | July 2, 2025
The latest Calgary Real Estate Board (CREB®) data reveals a significant shift in housing inventory, with resale supply reaching 6,941 units—matching 2021 levels before the recent population boom. While home sales remain steady compared to long-term trends, new listings are outpacing demand, leading to price adjustments, especially in condos and townhomes.
Key Statistics – June 2025
Benchmark Price: $586,200 (↓ from last month, ↓ 3% YoY)
Inventory Growth: Apartments & row homes +30% above long-term averages
Market Conditions:
Buyer’s market for apartments & row homes (4 months of supply)
Balanced market for detached & semi-detached homes
Why Are Apartment & Row Home Prices Declining?
1. Oversupply in High-Density Housing
Condo inventory has surged, giving buyers more negotiation power.
Townhome listings are also up, softening prices in this segment.
2. Buyer Hesitation Due to Economic Factors
Mortgage rates remain high, keeping some buyers on the sidelines.
Fear of further price drops is causing delays in purchasing decisions.
3. Shift in Investor Activity
Real estate investors are pulling back from condo purchases due to rising vacancy rates.
Rental market softening reduces demand for investment properties.
Detached & Semi-Detached Homes Remain Stable
While Calgary’s housing market cools in some segments, single-family homes show resilience:
Detached homes: Prices flat YoY, with balanced supply (2-3 months).
Semi-detached homes: Still up slightly compared to 2024.
Why the Difference?
Strong demand from move-up buyers and interprovincial migrants.
Limited new construction keeps supply in check.
What Does This Mean for Buyers & Sellers?
For Buyers:
Best opportunities in apartments & row homes (more choices, lower prices).
Detached homes still competitive—act fast if you find the right property.
For Sellers:
Price realistically—overpriced listings are sitting longer.
Highlight affordability compared to other major cities like Toronto & Vancouver.
For Investors:
Long-term rentals in detached homes may offer better stability.
Avoid overexposure to condos until supply stabilizes.
Outlook: Will Prices Drop Further?
Short-term (2025): More price adjustments possible in condos & townhomes.
Long-term (2026+): If interest rates drop, demand could rebound.
Bottom Line: Calgary’s real estate market is adjusting, not crashing. Smart buyers can find good deals, while sellers must adapt to changing conditions.
Data Source:CREB® June 2025 Report | Analysis by Tiwana Real Estate TeamMalvinder S. Tiwana is a Calgary Realtor® specializing in residential real estate, investment properties, and market trends. For a free consultation, visit www.maltiwana.ca.
