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March 2025 Housing Stats CT Banner

Apr 1, 2025

Uncertainty weighing on housing market

By CREB®

Ongoing economic uncertainty, driven by tariff threats, has weighed on consumer confidence and impacted housing activity in March. Sales declined by 19 per cent year-over-year, totaling 2,159 units. Sales slowed across all property types, with the steepest declines seen in higher-density segments.

“It is not a surprise to see a pullback in sales given the uncertainty,” said Ann-Marie Lurie, Chief Economist at CREB®. “However, it is important to note that sales still remain stronger than anything reported throughout 2015 to 2020, where our economy faced significant economic challenges and job loss. Nonetheless, easing demand has been met with gains in new listings and rising inventories, helping our market shift back toward balanced conditions, following four consecutive years where the market favoured the seller.”

March reported over 4,000 new listings, causing the sales-to-new-listing ratio to drop to 54 per cent, low enough to support further inventory gains. Total residential inventory levels reached 5,154 units, and the months of supply pushed up to 2.4 months. While this is a significant change from last year, with limited supply options across all property types and price ranges, conditions reflect a better balance between a seller and a buyer today. However, the market significantly varies depending on location, price point, and property type. 

Improving supply has taken the pressure off home prices following the steep gains reported over the previous four years. In March, the unadjusted residential benchmark price reached $592,500, relatively stable compared to both last month and prices reported last March. Both detached and semi-detached prices remain consistent with peak prices and continue to rise, while apartment and row-style homes continue to report prices slightly lower than last year's peak. 

To read the full stats release on March's housing market for Calgary and surrounding areas, click here.

 

March 2025 housing market snapshot

March 2025 Benchmark Price March 2025 Sales March 2025 New Listings

March 2025 Inventory March 2025 Months of Supply March 2025 Days on Market

 (Shareable social media images - click on the images to enlarge and save)

 

Click here to view the full City of Calgary monthly stats package.

Click here to view the full Calgary region monthly stats package.

Members can also access a wide range of housing data tools and dashboards on CREB®Link

 

 

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