New infills show signs of declining momentum as we head into cooler months.
Single-family new infills posted 14 sales during the month of September, down from the 22 sales recorded last month and also down from the 20 sales recorded in September of last year. Year-to-date, sales for single-family new infills are down almost 19% compared to last year.
Single-family new infill inventory has also risen, up to 193 active listings from the 178 active listings recorded last month. This is up considerably from the 151 active listings recorded at this time last year.
New infill townhomes posted 4 sales during the month of September, up from 3 sales recorded last month, but down from the 5 sales recorded at this time last year. Year-to-date sales are down 6.4% compared to the same period last year.
New infill townhome inventory remains unchanged from last month, with 30 active units for sale. However this is still up considerably from the 19 active units listed for sale at this time last year.
Given the current economic climate throughout the country, we are optimistic that we’ll see at least one more rate cut before years end which will hopefully help in maintaining balanced market conditions.
CALGARY MARKET UPDATE (CREB)
City of Calgary, October 1, 2025 - A boost in new listings drives further inventory gains and price adjustments
The 1,720 sales in September were not high enough to offset the 3,782 new listings coming onto the market, driving further inventory gains as we move into the fall. There were 6,916 units in inventory in September, 36 percent higher than last year and over 17 percent higher than levels traditionally reported in September. Both row and apartment-style homes have reported the largest boost in supply compared to long-term trends.
“Supply levels have been rising in the resale, new home and rental markets. The additional supply choice is coming at a time when demand is slowing, mostly due to slower population growth and persistent uncertainty. Resale markets have more competition from new homes and additional supply in the rental market, reducing the sense of urgency amongst potential purchasers. Ultimately, the additional supply choice is weighing on home prices,” said Ann-Marie Lurie, CREB® Chief Economist.
Supply levels relative to demand typically drive shifts in home prices. In September, the sales to new listings ratio dipped to 45 percent, and the months of supply pushed up to four months for the first time since early 2020. This is a higher level of supply compared to demand than is typically seen in the Calgary market and, should this persist, we could see a market that shifts more in favour of the buyer. However, conditions do vary by property type, price range and location.
Inventory gains for apartment-style homes over the past several months have contributed to buyer market conditions in this segment, driving year-over-year price adjustments of over 6 percent for a total benchmark price of $322,900 in September. While the detached segment has also seen a rise in the months of supply, it has not been as high as the apartment condo sector. At a benchmark price of $749,900, detached home prices are only 1 percent lower than last year, with most of the adjustments driven by the North East and North districts.