Calgary Housing Market Outlook for 2025

As we wrap up 2024, the Calgary housing market has shown remarkable resilience and adaptability amidst economic fluctuations and evolving buyer preferences. This year has seen a steady increase in home prices, driven by strong demand and limited inventory. As we look forward to 2025, several key factors will shape the housing market for buyers, sellers, and mortgage seekers in Calgary.

**BUYERS: NAVIGATING A COMPETITIVE MARKET**

For prospective buyers in 2025, the Calgary housing market is expected to remain competitive. The demand for homes continues to outpace supply, particularly in desirable neighborhoods and for specific property types such as single-family homes and townhouses. Buyers should be prepared for bidding wars and potentially higher prices.

However, there are opportunities for savvy buyers. The anticipated increase in new housing developments may provide more options, especially in the suburban areas where land availability is higher. Additionally, with interest rates expected to stabilize after recent hikes, securing a mortgage could become slightly easier compared to the volatility experienced in 2024.

Buyers are advised to get pre-approved for mortgages early, engage with knowledgeable real estate agents who understand the local market dynamics, and act swiftly when they find a property that meets their criteria.

**SELLERS: A SELLER'S MARKET CONTINUES**

Sellers have enjoyed favorable conditions throughout 2024, with many properties selling quickly and often above asking price. This trend is likely to continue into 2025 due to sustained demand and relatively low inventory levels.

For those considering selling their homes in 2025, it’s an opportune time to capitalize on these market conditions. Properly preparing your home for sale—through staging, minor renovations, or even just decluttering—can significantly impact its attractiveness and final sale price.

Moreover, leveraging professional marketing strategies such as high-quality photography, virtual tours, and targeted online advertising can help your property stand out in a crowded market. Partnering with an experienced real estate agent who has a track record of successful sales in your area can also provide valuable insights and negotiation skills.

**MORTGAGE MARKET: STABILITY ON THE HORIZON**

The mortgage landscape has been somewhat turbulent over the past year with fluctuating interest rates influenced by broader economic conditions. As we move into 2025, there is cautious optimism that mortgage rates will stabilize. This stability could bring some relief to both new buyers and those looking to refinance their existing mortgages.

Potential homebuyers should keep an eye on interest rate trends and work closely with mortgage brokers to secure favorable terms. Fixed-rate mortgages might become more appealing if rates stabilize at manageable levels. Additionally, government policies aimed at improving housing affordability could introduce new incentives or programs that benefit first-time buyers or those looking to upgrade their homes.

For existing homeowners considering refinancing their mortgages in 2025, it’s crucial to assess whether current rates offer significant savings compared to your current terms. Consulting with financial advisors can help determine the best course of action based on individual circumstances.

**CONCLUSIONS**

As we look ahead to 2025, the Calgary housing market presents both challenges and opportunities for buyers, sellers, and those navigating the mortgage landscape. While demand is expected to remain strong and inventory tight, strategic planning and informed decision-making can help all parties achieve their real estate goals. Whether you’re buying your first home, selling a beloved property, or refinancing your mortgage, staying informed about market trends and working with experienced professionals will be key to success in Calgary’s dynamic housing market.