Are you ready to seize the opportunities that Calgary's 2025 real estate market has to offer? With falling interest rates, a surge in inventory, and strong population growth, the market is bursting with possibilities—but navigating it successfully requires preparation and insight.
Hi, I’m Marnie Campbell, a trusted Calgary REALTOR® with 18 years of experience and over 700 successful sales. My team and I specialize in helping clients—from first-time buyers to seasoned sellers—navigate Calgary’s dynamic housing market with ease. We’re here to ensure you avoid costly mistakes, make confident decisions, and have zero regrets every step of the way.
Today, I’m sharing the top 5 predictions, trends, and strategies for 2025 to help you stay ahead of the curve. But before we look ahead, let’s reflect on what made 2024 a pivotal year for Calgary’s real estate market.
2024: Calgary' Real Estate Market Recap
Calgary’s real estate market thrived in 2024, even amidst broader economic uncertainties. Here's a snapshot of what defined the year:
- Home Prices Climbed: The average home price surged by 12.57%, reaching $606,972 (total residential price).
- Strong Demand: With 27,377 homes sold, Calgary continued to attract buyers, even as inventory remained tight.
- Rapid Sales: Homes sold in an average of 26 days, down from 30 in 2023.
- Population Growth: Thousands of new residents chose Calgary for its affordability and job opportunities.
- Limited Inventory: While new listings increased by 9.65%, demand outpaced supply, particularly in the mid-range and affordable segments.
In 2024, I worked with a young family from Toronto, Ontario relocating to Calgary. Together, we developed a clear plan, ensured they mortgage pre-approval, and guided them so they understood every step of the process. This preparation allowed them to act quickly when the ideal home became available, securing their dream property in a competitive neighbourhood. It’s proof that preparation and expert guidance are key in Calgary’s fast-paced market.
2024 Calgary Home Prices by Property Type:
| Property Type | Average Price | % Increase (2023-2024) |
|---|---|---|
| Detached Homes | $802,527 | +11.53% |
| Semi-Detached Homes | $683,521 | +13.86% |
| Townhouses | $467,169 | +14.78% |
| Apartments | $348,558 | +13.78% |
Now that we’ve reflected on 2024, let’s dive into the top 5 predictions for 2025 and how you can position yourself for success.
Top 5 Calgary Real Estate Predictions for 2025
Prediction #1: Home Prices Will Climb by 4.5%
What’s Happening:
The average Calgary home price is expected to rise by 4.5% in 2025, fueled by growing buyer confidence and falling interest rates. This will lead to increased competition, especially in mid-range properties.
My Advice for Buyers:
Act early. Waiting could mean paying thousands more as prices climb throughout the year. Start by getting pre-approved and defining your must-haves.
My Advice for Sellers:
This is the time to shine. A well-staged, competitively priced home in a high-demand neighbourhood can attract multiple offers.
Prediction #2: Calgary’s Population Boom Will Intensify Housing Demand
What’s Happening:
Calgary’s population is projected to grow by 2.9% in 2025, driven by strong migration and job opportunities. This will increase demand for homes, especially in family-friendly and affordable neighbourhoods.
My Advice for Buyers:
Target neighborhoods with long-term value, like Mahogany, Renfrew, Aspen Woods, and Mount Pleasant. Focus on areas with strong amenities, schools, and infrastructure plans.
My Advice for Sellers:
Highlight what makes your home and neighbourhood special. Whether it’s proximity to schools, parks, or upcoming developments, these details can attract buyers and drive competitive offers. For example, homes in Mahogany with lake access tend to generate significant interest because they offer lifestyle perks that stand out. To tap into buyers relocating from outside Calgary, ensure your marketing strategy includes high-quality 3D virtual tours, detailed video walkthroughs, and professional photography.
Prediction #3: First-Time Buyers Will Dominate the Market
What’s Happening:
First-time buyers will play a major role in Calgary’s 2025 market, especially those targeting homes under $700,000 and condos around $350,000. Federal rule changes, such as extended amortization periods, are making it easier for this group to qualify for mortgages.
My Advice for Buyers:
If you’re a first-time buyer, preparation is key. Get pre-approved, set a clear budget, and work with an experienced REALTOR® who can help you navigate competitive conditions. I’ve helped many first-time buyers find their ideal home by ensuring they were ready to move quickly when the right property came along.
My Advice for Sellers:
If your property falls into this price range, highlight its affordability and convenience. Features like nearby transit, low maintenance costs, or move-in readiness can appeal directly to this growing segment of buyers.
Prediction #4: Economic Growth Will Boost Real Estate Confidence
What’s Happening:
Calgary’s economy is projected to grow by 3.2% in 2025, driven by job stability and investments in sectors like tech and renewable energy. This economic resilience is fueling buyer confidence across all segments of the market.
My Advice for Buyers:
Look for opportunities near employment hubs like University of Calgary and Research Park, or infrastructure projects like the Green Line LRT. These areas are likely to see significant appreciation over time, making them ideal for both homeowners and investors.
My Advice for Sellers:
Position your home as a smart investment. Highlight its proximity to employment hubs and Calgary’s strong economic outlook to attract confident buyers.
Prediction #5: Inventory Growth Will Reshape the Luxury Market
What’s Happening:
Luxury homes are expected to see increased inventory, creating a more balanced market. While lower-priced properties will remain competitive, buyers in the luxury segment will enjoy more choices and negotiating power.
My Advice for Buyers:
This is an excellent time to explore Calgary’s luxury market. More inventory means better opportunities to negotiate and secure your dream home.
My Advice for Sellers:
Stand out by investing in premium staging and a tailored pricing strategy. Highlight unique features, such as custom finishes or access to high-end amenities, to appeal to discerning luxury buyers.
Why 2025 is Calgary’s Year of Opportunity
Calgary’s real estate market in 2025 is full of potential for buyers, sellers, and investors alike. Here’s why:
- Buyers: Act quickly in competitive price ranges and focus on emerging neighbourhoods for long-term value.
- Sellers: Align your strategy with market trends and showcase your property’s strengths.
- Investors: Look for opportunities in condos and high-growth areas to maximize returns.
Spotlight on Calgary Neighbourhoods For Buyers:
- Mahogany: Consistently high demand due to its lake lifestyle and family-friendly amenities. Its appeal is bolstered by ongoing developments and proximity to major routes like Deerfoot Trail.
- Renfrew: With its trendy cafes, unique shops, and a growing restaurant scene, Renfrew appeals to young professionals, families, and investors alike.
- Mount Pleasant: A charming, established inner-city neighbourhood with easy access to downtown. Strong demand for infill developments and character homes ensures steady appreciation.
Ready to Make Your Move in 2025?
Navigating Calgary’s real estate market doesn’t have to feel overwhelming. At the Marnie Campbell Real Estate Team, we specialize in helping buyers, sellers, and investors make confident, no-regret decisions.
Contact us today to discuss your real estate goals, or visit our website packed with insights to help you succeed.
Don’t wait—2025 is the year to make your Calgary move! Contact the Marnie Campbell Real Estate Team today.
Your Complete Guide to Buying, Selling, and Relocating in Calgary
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