Courtesy of Ken Nguyen

Uncertainty weighing on housing market

$336,100 apartment

$769,800 detached

UP 2.6% year-to-year

UP 4.1% year-to-year

BENCHMARK PRICES

$454,000 rowhouse

4,019 NEW LISTINGS 2,159 SOLD LISTINGS

detached 1,895 1,092 apartment detached 1,035 540 apartment

UP 2.1% year-to-year

53.7% SALES TO NEW LISTING RATIO

29 DAYS ON MARKET

2.4 MONTHS OF INVENTORY

5,154 ACTIVE LISTINGS

Calgary, April 1, 2025: 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. Statistics reflect market activity in March 2025 | Source: CREB ® Calgary Real Estate Board. Market values stated are of the benchmark of the city of Calgary. Individual home market values will vary and are affected by factors such as location, size, interior and exterior condition. Please call to get an up-to-date evaluation of your home.

REAL ESTATE AGENT Ken Nguyen

email: kennguyenrealestate@gmail.com phone: 403.991.1153

101-110 Country Hills Landing NW Calgary, AB, T3K 5P3

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