In a recent report, the board confirmed that Calgary’s housing market closed out 2025 with 14% fewer home sales in December compared to the same period in the previous year. The decrease towards the end of the year also reflected in housing prices, marking a deflationary trend in Calgary’s real estate market.

Calgary Home Sales in December

As presented by the Calgary Real Estate Board, the city saw a significant drop in home sales in December 2025, a sharp decline of 14.2 percent compared to December 2024. This downward trend is not isolated, as it reflects the overall decrease in home sales throughout the year in Calgary. The drop in sales volume has been attributed to various factors, including economic instability and changes in the local job market.

Impact on Housing Prices

Accompanying the decline in home sales was a noticeable drop in housing prices. As the year drew to a close, the average price of homes in Calgary significantly decreased, contributing to the cooling of the city’s real estate market. The price deflation could be a response to the lower demand for homes, as indicated by the reduced sales volume.

Future Projections and Expert Analysis

Despite the observed decrease, real estate experts remain cautiously optimistic about Calgary’s housing market. Some analysts predict a potential rebound in 2026, backed by economic recovery forecasts and the city’s ongoing population growth. However, the real estate market is influenced by a myriad of factors, and such predictions should be considered with a degree of caution.

Calgary’s Real Estate Market: A Look Back at 2025

Looking back at 2025, the Calgary real estate market experienced a tumultuous year. The significant decrease in home sales and prices in December capped off a year of relative instability. Yet, despite the challenges, Calgary remains a vibrant city with potential for growth and development in its real estate sector.

Final Thoughts

In conclusion, although Calgary’s housing market faced challenges in 2025, with a notable drop in home sales and prices in December, there are still reasons for cautious optimism. The city’s appeal, coupled with potential economic recovery, could spur a revival in its real estate market in the coming years. Only time will tell, but for now, the Calgary housing market continues to adapt to the changing economic landscape.

Ethan Radcliffe

Ethan Radcliffe is a senior reporter and digital editor at The Toronto Insider, specializing in Canadian federal policy, GTA urban development, and national economic trends. With over a decade of experience in North American journalism, Ethan focuses on translating complex legislative and economic developments into clear, accessible reporting for Canadian readers. Ethan’s work emphasizes policy analysis, government accountability, and data-driven reporting, with a strong focus on how federal and provincial decisions impact communities across the Greater Toronto Area and beyond. He has covered infrastructure planning, housing policy, fiscal strategy, and regulatory changes affecting Canadian households and businesses. A graduate of Toronto Metropolitan University’s School of Journalism, Ethan brings expertise in investigative reporting, long-form analysis, editorial standards, and digital publishing best practices. His reporting is guided by verifiable sources, public records, and transparent sourcing. In addition to reporting, Ethan has experience in newsroom editing, fact-checking workflows, SEO-informed journalism, and audience analytics, ensuring stories meet both editorial integrity standards and modern digital discoverability requirements. Ethan is committed to objective, fact-driven journalism and adheres to established ethical guidelines, prioritizing accuracy, clarity, and public trust in all reporting.

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