Both single-family and townhome new infill sales decline as we enter the final stretches of the Summer selling season.
Single-family new infills posted 20 sales during the month of July, down considerably from the 36 sales recorded last month and also down from the 26 sales recorded in July of last year. Year-to-date, sales for single-family new infills are down 21% compared to last year.
Single-family new infill inventory eased to 160 active listings for sale, compared to 185 active listings recorded last month, however is up considerably from the 123 active listings recorded at this time last year.
New infill townhomes posted 2 sales during the month of July, down from the 5 sales recorded last month, and also down from the 5 sales recorded at this time last year. Year-to-date sales are down 2.6% compared to the same period last year.
New infill townhome inventory is up slightly, to 27 active units for sale, from 24 active units for sale recorded last month and is up considerably from the 17 active units listed for sale at this time last year.
Over the coming months, we expect inventory levels across all markets to continue to inch upwards. With interest rates remaining unchanged and buyer activity trending downwards, prices are also likely to see some softening.
CALGARY MARKET UPDATE (CREB)
City of Calgary, August 1, 2025 - Supply growth weighs on home prices.
Thanks to gains mostly occurring in the newer communities, inventory levels in July were 6,917 units, reaching levels not seen since prior to the pandemic and higher than long-term trends. While supply has improved across all property types and all districts, the largest gains are occurring in the areas where there has been new community growth.
The additional supply has weighed on home prices in some parts of the city. The total residential benchmark price in Calgary has trended down over the past several months and is currently 4 percent below last year’s peak price reported in June 2024.
“Price declines are not occurring across all property types in all locations of the city, and even where there have been declines, it has not erased all the gains made over the past several years,” said Ann-Marie Lurie, Chief Economist at CREB®. “The steepest price declines have occurred for apartment and row style homes, mostly in the North East and North districts, which coincides with significant gains in new supply.”
The rise in supply occurred as sales continued to slow and new listings improved. In July, there were 2,099 sales, a 12 percent decline over last year, while new listings reached 3,911 units, an over 8 percent increase over last year. In addition to the persistent economic uncertainty due to tariffs, sales and new listings were impacted by no further reductions in lending rates and added competition from the new home market. Apartment-style homes are reporting the highest months of supply with over four months, while both detached and semi-detached homes are seeing conditions remain relatively balanced at just three months of supply.