Calgary, Alberta’s economic center, has a real estate market that has always been very active. The city draws in both investors and homebuyers because of its strong energy sector, growing tech scene, and beautiful natural surroundings. The Calgary real estate market is still changing as we get closer to 2025. People who want to buy a home, invest in real estate, or just love real estate need to know what to expect in Calgary’s housing market in order to make smart choices.
This complete guide will look at the most important things that will affect Calgary’s real estate market in 2025, such as long-term trends, economic factors, and tips for buying and selling homes. This article will give you useful information to help you confidently navigate Calgary’s housing market, whether you are a first-time homebuyer, an experienced investor, or just interested in the market.
1. A Quick Look at the Calgary Real Estate Market
Calgary has changed a lot in the past ten years, and the city’s real estate market has followed the changes in the economy. In the past, the oil and gas industry was the city’s main source of income. However, in recent years, the city has branched out into the tech, healthcare, and education sectors. Because of this, Calgary is now stronger, and its housing market has improved because the economy is more stable.
Key Factors Affecting Calgary’s Real Estate Market in 2025:
- Housing Demand: Calgary’s housing demand keeps going up because more and more people are moving there from other provinces and countries. Calgary’s population growth drives up demand in both the rental and home-buying markets, whether it’s because people are moving there or because they can find work there.
- New Construction and Supply: The number of new homes being built is keeping up with demand, but the speed of construction can change based on the state of the economy as a whole.
- Price Trends: Calgary’s home prices have been going up steadily, and they are expected to keep going up in 2025. But the amount that prices go up may depend on the neighborhood, the type of property, and how close it is to amenities.
2. Things that Will Affect Calgary’s Real Estate Market in 2025
Calgary’s housing market is affected by a number of important factors. These factors can either speed up or slow down the market, depending on things like interest rates and the state of the local economy. Anyone who wants to buy or sell a home in Calgary needs to know what these drivers are.
a. Growth in the Economy and Job Openings
Calgary’s economy is varied and complex, and it has been steadily recovering and growing since the energy sector went down. The city’s economy is expected to keep growing in 2025, thanks to growth in the technology sector and the continued importance of industries like healthcare, finance, and agriculture.
This economic growth is good for real estate because it brings people and families to Calgary looking for work. More people are likely to want to buy a home, whether they are first-time buyers or experienced property investors, when they have more job security and more money to spend.
b. Migration and Population Growth
Calgary’s population has been steadily growing, thanks to people moving there from other parts of Canada and people moving there from other countries. Calgary is one of the best cities in Canada for newcomers because it has lower living costs than cities like Vancouver or Toronto. This keeps people coming to the city. The city’s growing multicultural community is driving up the demand for homes in all price ranges.
This trend is expected to continue in 2025, and it will have a direct effect on Calgary’s housing market. As more people move to Calgary, there will be more demand for new homes. This could make established neighborhoods more competitive as more people want to live there.
c. Interest Rates and the Availability of Mortgages
Interest rates have a big impact on the real estate market. Interest rates are expected to stay pretty stable in 2025, which could make more people want to buy homes. However, people who want to buy a home should be aware that rates could change, and any rise could make homeownership less affordable.
It’s also important to think about how easy it is to get a mortgage. Lenders in Calgary will probably still offer homebuyers good rates, but they may have stricter lending standards to make sure that borrowers can afford the payments. This will change how much buyers can borrow and how affordable homes in the city are overall.
d. Rules and Policies Set by the Government
Government policies can also have an effect on the housing market. Changes in tax laws, the addition of rent controls, or changes in zoning rules can all affect how people buy and sell homes. Homebuyers and real estate investors need to keep up with any new rules that local or federal governments make, because these can have a big impact on how easy it is to buy and sell homes and how much money they can make.
3. What Will Happen to the Calgary Housing Market in 2025?
What will Calgary’s housing market be like in 2025 for people who want to buy a home or invest? Based on current trends and how the market is moving, here are some predictions:
a. Steady Price Growth
Prices of homes in Calgary are expected to keep going up steadily in 2025. There may be some changes in Calgary’s housing market over time, but it is expected to stay stable in the long term. Changes in the global economy or the energy sector could cause these changes. In many parts of the city, the demand for homes, especially single-family homes, is still higher than the supply.
The average price of a home in Calgary is likely to go up by 3% to 5% every year starting in 2025. But some neighborhoods may see bigger price increases because of things like their location, the quality of the schools, how close they are to job centers, and how much the area is growing.
b. There is a Lot of Demand for Single-Family Homes
Calgary will still want single-family homes the most in 2025. This demand is mostly coming from families who want space and comfort, especially in the suburbs. People are still interested in condos and townhouses, but single-family homes will probably continue to be the most popular choice, especially for families that are getting bigger.
c. Options for Affordable Housing
Calgary is still pretty cheap compared to other Canadian cities like Vancouver or Toronto, even though prices have gone up. Housing prices will stay low, which will keep both first-time homebuyers and retirees interested. However, buyers should know that prices may go up more in some neighborhoods than in others.
In 2025, buyers may be more interested in homes that are easier to afford in suburban areas or in newer developments on the outskirts of the city. Calgary’s balanced housing supply in the suburbs will give people who want to save money more options.
4. Advice on How to Buy a House in Calgary’s Market
If you want to buy a house in Calgary in 2025, here are some things to think about:
a. Do a Lot of Research on Neighborhoods
Calgary’s neighborhoods all have their own style, amenities, and price range. You should look into the neighborhoods you’re thinking about, from downtown to the outer suburbs. Check for things like how easy it is to get to public transportation, schools, safety, and nearby amenities. Some neighborhoods are more appealing than others because Calgary has a city-wide public transit system and major job centers nearby.
b. Get Help from a Local Real Estate Agent
If you want to buy a home in Calgary, a local real estate agent who knows the market can help you find your way around. They can tell you where to buy, give you advice on how to get the best deal, and help you find homes that are within your price range.
c. Get a Mortgage Pre-Approval
It’s a good idea to get pre-approved for a mortgage before you start looking for a house. This will help you figure out what you can afford and make it easier to buy your dream home when you find it. Lenders can also tell you what the current interest rates are and how much you can expect to pay each month.
d. Know the Value Over Time
When buying a home in Calgary, think about the long term. The city’s housing market has been getting bigger over the years, and some homes, especially those in desirable neighborhoods, are likely to go up in value. When picking a home, you should think about things like the area’s potential for future growth and the city’s overall growth.
5. In 2025, You Can Sell Your Calgary Home
If you want to sell your home in Calgary, 2025 could be a good year to do it. Sellers are in a good position because there is a lot of demand from buyers, especially in neighborhoods that are in high demand. Here are some things you can do to sell your home in Calgary:
a. Make Your Home Look Its Best by Staging It
Staging your home can help you stand out in a crowded market. Make sure your home looks its best, whether you’re just cleaning it up or doing a more complicated staging job. Buyers are often willing to pay more for homes that look like they are ready to move into and are well-kept.
b. Set the Price Smartly
It’s very important to set the right price for your home. Calgary’s market is growing, but if you ask too much for your home, it could scare away buyers. Find a real estate agent who can help you figure out the right price for your home by looking at similar homes in the area.
c. Be Ready for More Than One Offer
If you live in a seller’s market, you might get more than one offer on your home. Be ready to carefully look at each offer, taking into account the price, the buyer’s financing situation, any contingencies, and the timeline.
Conclusion: The Future of Calgary’s Real Estate
In 2025, Calgary’s real estate market will be a great place for both buyers and sellers. The city’s economy is diverse, its population is growing, and there are a lot of relatively cheap housing options, all of which make it a good place to invest in real estate. You can make smart choices and set yourself up to do well in Calgary’s fast-changing housing market by staying informed and working with local experts.
Calgary’s real estate market has a lot of options for people who want to buy their first home, invest in real estate, or sell a property. Calgary will be a great place to live in 2025 and beyond because prices are going up steadily, there is a lot of demand, and the economy is growing.
