Calgary Real Estate News / Updates By Adam Fyfe

Why Calgary Condo Prices Are Starting to Flatten, Is This The End?

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🏙️ Calgary Apartment Market Update 📉

After a record-breaking 2023, the condo market in Calgary is showing signs of cooling. Sales in the first quarter hit 1,383 units — well above long-term trends but still down from last year’s highs.

📈 Key Stats:

Inventory: 1,710 units (a significant gain)
Sales-to-New-Listings Ratio: Below 50%
Months of Supply: Just over 3 months
Benchmark Price: $336,100
Y/Y Price Change: +3%
Prices still below August 2024 peak
Largest price softening: North & North East districts
Rising supply is creating more balanced conditions and slowing price growth. While demand remains steady, we’re seeing signs of a shift across most districts.



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Contact Adam Fyfe:
🏢 eXp Realty Canada
💻 Email: [email protected]
📱 Phone: 403-561-8747