More choices for buyers, but also more caution needed, analyst notes
Calgary homes are taking nearly twice as long to sell in the first half of 2025 compared with the same period last year, according to new data from real estate technology company HouseSigma. The report also highlights a sharp rise in homes being relisted to appear “fresh” on the market, a strategy that conceals how long properties have truly been for sale.
On average, properties in the Greater Calgary Area spent 61 days on the market in the first half of 2025, up from 34 days a year earlier. Condos saw the most dramatic change, sitting for 71 days this year compared with 32 in 2024. Out of more than 60,000 listings analyzed, 27% of homes were relisted this year, up from 9% in 2024. This tactic created an average 19-day “gap” between a property’s reported days on market and its actual time listed, compared with seven days last year.
“The housing market in Calgary is experiencing a cooling-off period, and buyers have more options than they did this time last year,” said Raj Sandhu, a Calgary-based real estate agent with HouseSigma. “In a buyer’s market, you need to be aware of how long a home has actually been on the market, despite relistings.”
The slowdown in Calgary contrasts with recent signs of recovery at the national level. According to the Canadian Real Estate Association (CREA), total home sales across Canada rose 3.8% in July from the previous month, the fourth consecutive monthly increase. CREA senior economist Shaun Cathcart said supply has started to tighten again after an initial boost earlier this year.
“It looks like the ‘rebound’ is underway and it’ll be interesting to see what happens now that supply has also turned a corner and is falling again,” Cathcart told Global News. He added that price gains could creep back in as early as this fall.
Calgary’s July data from the local real estate board shows that while sales have eased, inventory levels jumped 66% year over year, helping return the market to more balanced conditions. Analysts have noted that the Prairies and other more affordable regions remain more resilient than major urban centres.
