Calgary Real Estate Market Report - November 2025: Benchmark Price Declines 3.3% Year-Over-Year

Calgary (MLS® HPI) — November 2025

In November 2025, Calgary's composite benchmark price stands at $557,700, reflecting a 3.3% decrease compared to the same month last year. The market remains balanced, with no significant changes in sales or listings reported this month.

Market Analysis

Calgary's real estate market in November 2025 exhibits a balanced condition, with the composite benchmark price declining from $565,500 in October 2025 to $557,700 this month. This decline of $7,800 month-over-month and a year-over-year decrease of $18,900 from $576,600 in November 2024 indicates a slight cooling in price appreciation. Despite these changes, the absence of sales and listing data suggests that market activity may be stabilizing, as buyers and sellers adjust to current economic conditions.

Property Type Analysis

The breakdown of property types shows that detached homes have a benchmark price of $669,000, while attached/townhouse properties are priced at $445,500, and apartments at $317,000. Although specific sales figures are not available, the differences in benchmark prices indicate varying levels of demand across property types, with detached homes commanding the highest prices, reflecting their desirability in the current market.

Regional Highlights

Regional trends indicate that while the overall market is balanced, specific neighborhoods may experience differing levels of activity and price stability. Buyers may find opportunities in the attached and apartment sectors, where prices are more accessible compared to detached homes, which continue to dominate the higher end of the market.

For Buyers

Prospective buyers are encouraged to conduct thorough research and consider their options across different property types. With a balanced market and declining benchmark prices, there may be opportunities to negotiate favorable terms, especially in the attached and apartment segments.

For Sellers

Sellers should be mindful of the current market conditions and the recent decline in benchmark prices. It is advisable to price properties competitively and be prepared for longer listing periods, as buyers may be more selective in their choices during this time.