Calgary Real Estate: A Look Back at 2025 and What’s Ahead for 2026
As we wrap up another year and the holiday season approaches, I want to take a moment to reflect on Calgary’s real estate journey in 2025 and share some insights into what we might expect as we head into 2026. Having served Calgary’s vibrant real estate community for two decades, I’ve seen our market evolve through many cycles, and this past year was certainly another fascinating chapter.
2025: A Year of Sustained Demand and Moderated Growth
2025 proved to be another robust year for Calgary’s real estate market. Our city continued to be a beacon for interprovincial migration, attracting new residents seeking opportunity and a more attainable lifestyle than in other major Canadian centres. This influx, combined with generally stable economic conditions in Alberta, sustained strong buyer demand across various segments.
While inventory levels fluctuated, they generally remained on the tighter side, particularly for detached homes, which continued to put upward pressure on prices. We observed steady, albeit more moderate, price growth, in line with the slower pace of previous years, solidifying Calgary’s reputation as a strong investment market. Interest rates played a significant role, with the Bank of Canada’s decisions influencing buyer confidence and affordability throughout the year. We navigated a period where buyers and sellers alike were keenly watching for any signals from Ottawa.
Looking Ahead to 2026: Anticipating What’s Next
As we step into 2026, several key factors will likely shape our local real estate landscape:
1) Interest Rate Trajectory: The Bank of Canada’s stance on interest rates will remain a primary influencer. Many market watchers anticipate potential easing in the latter half of 2026, which could further stimulate buyer activity and improve affordability for those waiting on the sidelines.
2) Continued Population Growth: Calgary’s appeal is expected to continue attracting Canadians from other provinces. This sustained population growth will undoubtedly be a significant tailwind for demand across all housing types.
3) Supply Remains Key: However, the underlying challenge of housing supply is expected to persist. Until new construction significantly catches up to this robust demand, competition for well-priced homes will remain a factor, particularly in desirable neighbourhoods.
4) Segment Performance: We might see continued strong performance in the more attainable segments, such as well-located condos and townhouses, as buyers seek value and affordability. Detached homes will likely continue their steady appreciation, especially in established communities.
5) Alberta’s Economic Health: Alberta’s overall economic health will underpin market confidence. Calgary’s diversification efforts are contributing to a resilient economic outlook, which bodes well for the stability of our housing market.
What This Means for You
For Sellers: For those considering selling, strategic pricing, impeccable presentation, and expert marketing will be paramount. Spring 2026 could offer an excellent window of opportunity, especially if interest rates begin to trend downwards.
For Buyers: Buyers will benefit from getting pre-approved early, thoroughly understanding their desired neighbourhoods, and being ready to act decisively when the right property comes along. Don’t underestimate the value of patience and persistence in securing your ideal home.
The Calgary real estate landscape is intricate and ever-changing, but with two decades of experience navigating these trends, I’m here to help you make informed decisions. Whether you’;re thinking of buying your first home, upsizing, downsizing, or exploring investment opportunities, I’m committed to providing you with the personalized advice and dedicated service you deserve.
Thank you once again for your continued trust and business. I wish you and your loved ones a very happy holiday season and a prosperous New Year!