Calgary's 2025 housing market saw record-high starts and increased supply, leading to a 5% year-over-year decline in the benchmark price to $554,700. Sales dropped 15% in December, while inventory rose 29%, especially in semi-detached and row houses. Price declines varied by district, with the North East down 8.3% and the East down 7.6%, while more expensive areas saw smaller decreases. Supply and demand shifts caused varied market conditions across the city.
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