Single-family new infill sales unexpectedly soar during the month of October.
Single-family new infills posted a whopping 37 sales during the month of October, up dramatically from the 14 sales recorded last month and also up from the healthy 30 sales recorded in October of last year. However, despite this upward tick in monthly sales, year-to-date sales for single-family new infills are still down 14.9% compared to last year.
Single-family new infill inventory eased slightly in October, down to 188 active listings for sale from the 193 active listings recorded last month. Despite this, inventory is still up considerably from the 145 active listings recorded at this time last year.
Unlike the single-family sector, new infill townhome sales remain soft, posting 3 sales during the month of October. This is down from the 4 sales recorded last month, and also down from 4 sales recorded at this time last year. Year-to-date sales for new infill townhomes are also down 7.8% compared to last year.
New infill townhome inventory remained fairly steady in October, with 29 active units for sale, down from 30 active units recorded last month. This is up from 24 active units listed for sale at this time last year.
Last week, the Bank of Canada reduced rates by another 25 basis points, from 2.5% to 2.25%, citing ongoing weakness in the economy and expectations of inflation remaining close to the 2% target with the reduction.
The current interest rate environment is expected to bode well for buyers as well as home owners and investors who have mortgages coming up for renewal in the near term.
CALGARY MARKET UPDATE (CREB)
City of Calgary, November 3, 2025 - Inventory levels eased over last month thanks to the combined impact of a monthly pullback in new listings and a monthly pickup in sales.
With 6,471 units in inventory and 1,885 sales ,the October months of supply returned to three-and-a-half months after pushing up to four months in September. While both row- and apartment-style properties continue to report elevated supply levels compared to demand, conditions remain relatively balanced for both detached and semi-detached properties.
Year-to-date sales in the city totalled 20,082, down nearly 16% compared to last year, but still in line with longer-term trends. Much of the decline in sales has been driven by pullbacks for apartment- and row-style homes.
“Improved rental supply and easing rents have slowed ownership demand for apartment- and row-style homes. It is also these segments of the market that have seen October inventories reach a record high for the month,” said Ann-Marie Lurie, CREB®’s Chief Economist. “Excess supply for apartment- and row-style properties is weighing on prices in those segments more so than any other property type, influencing total residential prices.”
As of October, the total unadjusted residential benchmark price in Calgary was $568,000, down nearly 1% compared to last month and over 4% lower than last year’s levels. The largest price adjustments occurred for row- and apartment-style properties where prices have eased by a respective six and 7% compared to last October.