REMAX brokers and agents share an overview of national housing market activity in 2025 and their outlook for the year ahead.

The Canadian housing market could be on the upswing looking ahead to 2026, with more buyers preparing to enter the market and home sales expected to increase by 3.4 per cent next year. This follows signs of renewed buyer intent earlier this fall, compared to the first half of the year.

2025 Year in review

• Listings rose across 75.8% of regions in 2025

• More price moderation expected in 2026

• The boost in listings was widespread in Southern Ontario

• Home sales fell YoY in 19 of 33 markets

“Amid looming economic clouds, Canadians are maintaining their interest in homeownership,” says Don Kottick, President, REMAX Canada. “The resilience that began to emerge in the fall is anticipated to continue into 2026, with first-time buyers in particular finding creative ways to save and enter the market.”

Remote Work and Homeownership

• Following looming economic headwinds, an emerging concern among first-time homebuyers is a rise in return-to-office mandates. 

• 17% of Canadians are concerned about 'return to office' mandates

• Respondents aged 18 to 34 and those planning to buy in the future are thinking more about how this might affect their search 

• Nearly half of respondents overall do not believe return-to-office will impact their situation

First-Time Buyers Gain Confidence as Rates Decline

According to a Leger survey commissioned by REMAX Canada, 10 per cent of Canadians say they’re planning to purchase a home in the next 12 months – an improvement from seven per cent in the fall, based on Leger survey data earlier this year. Although more than half of Canadians are feeling the economy will worsen in 2026, following an initial economic stall as seen in the earlier part of 2025, Canadians aged 18 to 35 are more hopeful, with 21 percent feeling the economy will fare better next year.

A Shifting Buyer Profile

REMAX brokers and agents across Canada found that families, new Canadians, and retirees drove a larger share of sales in 2025, marking a significant shift from 2024, when first-time buyers led sales across most Canadian markets.

While 17 percent of Canadians say they plan to purchase a home at some point (with 10 percent intending to buy within one year). Brokers are hearing that many buyers continue to watch the market closely for the right moment to make their move. Those planning to purchase their first home are more likely to be aged 18 to 34 and with kids under age 18.

Calgary Housing Market Outlook (2026)

The average residential sale price in Calgary has increased by 3.5 percent across all property types between 2024 and 2025 from $621,015 to $642,840. The number of sales transactions decreased by 15.8 percent for the same time period (from 23,864 to 20,082). The total number of listings decreased by 19.2 percent (from 33,728 in 2024 to 27,243 in 2025). Average residential sale prices will remain steady going into 2026, compared to 2025. Sales are anticipated to remain the same going into 2026, compared to 2025.

Trends in the Calgary Housing Market

Looking ahead to 2026, Calgary will continue to be a buyers/balanced market. The top three neighbourhoods anticipated to be the most desirable in the region in 2026 are Springbank Hill, Discovery Ridge and Rocky Ridge as the West side of Calgary tends to appreciate at a higher rate than all others, holding value through instability. Single-detached homes are expected to see the strongest demand and sales activity in the region in 2026. 

• Buying/Selling Trends for homebuyers and sellers: 

• First-time Homebuyers are looking in suburban areas and buying single-family homes around $800,000.  

• Move Up/Over Homebuyers are buying larger properties between $800,000 and $1,300,000.  

• Retirees are buying smaller homes like bungalows or semi-attached properties between $800,000 and $1,300,000.  

• New-home construction activity is comprised of condominiums which will increase affordability in the region, and homes farther out from the core create more affordable options. Construction is proceeding as planned.  

Calgary is seeing increased inter-provincial migration from British Columbia and Ontario due to affordability challenges and economic concerns. The rental market is saturated and first-time buyers are able to hold their position to ensure affordability prior to entering the housing market. With a larger rental market, investors aren't particularly active in the region. Long-term, Calgary is well insulated from the rest of the country, particularly British Columbia and Ontario. While the pace has slowed, the market remains very active. Growing inventory and consumer confidence increase as buyers get comfortable with economic uncertainties, with sales remaining strong, but less than we've seen from 2021 through 2024.

Courtesy REMAX LLC

Selling your home during the holiday season may seem daunting and can sometimes be a little bit trickier, but it doesn’t have to be! While the market naturally cools down with the weather, this can provide a unique opportunity for those braving the property market this winter.

With a combined experience of 50+ years in the industry here at Viani Real Estate Group, we have seen many benefits to selling a home during the colder months. First, we’ve found that buyers looking at homes during these months are more serious. This can largely be due to major life changes, such as moving for a job opportunity or to be closer to family. As such, they are typically highly motivated and well prepared. Coincidentally, sellers tend to be few and far between, thus creating less competition. Combined, this could lead to the right conditions which increase the likelihood of selling your home! 

On the other hand, reduced real estate inventory can often lead to a lack of rush. While this may sound like a disadvantage, it can sometimes be quite the contrary. What we mean is, sellers don't face the same brutal competition, as mentioned above, as they usually would during the warmer months. Due to this, they have more time to make decisions, such as determining the best sale price or what they would like the contract conditions to be before listing their property. This can allow sellers to seize the opportunity to think about what they truly want from the sale of their home and how to achieve that goal. The team at Viani Real Estate Group would love to guide you through this process. 

Right now, our team is seeing a shortfall in available homes for sale; however, motivated buyers know what they want and refuse to settle for less. You may be wondering how you can boost your curb appeal to stay ahead of the real estate game and appeal to the right buyer. There are various ways to elevate your property and maximize its value. We suggest the following:

1. Get into the holiday spirit and decorate! While it isn’t recommended to overpower the space, a simple wreath on the front gate and door and a string of warm lights does wonders in helping a buyer visualize living in your home. 

2. Keep your property well-lit! As we go into winter, days shorten and get darker more quickly. Ensure your property can be viewed in ample lighting and that your ‘For Sale’ sign is well-lit. 

3. Maintain your driveway and walkways! Shovel after every snowfall to ensure a safe walk through your property for potential buyers. 

4. Make your home winter-ready! This could mean keeping the fireplace lit for warmth, redesigning your mudroom to make it more functional, clearing gutters, or sealing gaps in windows. Trust us, buyers will notice whether your property is an ill-equipped house or a cozy home prepared for winter.  

Get ahead of the 2026 Spring rush and sell your home with us today!

Calgary, Alberta, Nov. 3, 2025 – Inventory levels eased over last month thanks to the combined impact of a monthly pullback in new listings and a monthly pick up in sales. With 6,471 units in inventory and 1,885 sales the October months of supply returned to three-and-a-half months after pushing up to four months in September. While both row- and apartment-style properties continue to report elevated supply levels compared to demand, conditions remain relatively balanced for both detached and semi-detached properties. 

Year-to-date sales in the city totaled 20,082, down nearly 16 percent compared to last year, but still in line with longer-term trends. Much of the decline in sales has been driven by pullbacks for apartment- and row-style homes.   

“Improved rental supply and easing rents have slowed ownership demand for apartment- and row-style homes. It is also these segments of the market that have seen October inventories reach a record high for the month,” said Ann-Marie Lurie, CREB®’s Chief Economist. “Excess supply for apartment- and row-style properties is weighing on prices in those segments more so than any other property type, influencing total residential prices.” 

As of October, the total unadjusted residential benchmark price in Calgary was $568,000, down nearly one per cent compared to last month and over four per cent lower than last year’s levels. The largest price adjustments occurred for row- and apartment-style properties where prices have eased by a respective six and seven per cent compared to last October. 

Detached

October sales reached 1,012 units, an improvement over last month, but still five per cent lower than last year’s levels. At the same time there were 1,593 new listings that came onto the market, causing the sales-to-new-listings ratio to rise to 64 per cent and inventories to trend down over last month to 2,913. Inventory levels remain slightly higher than long-term trends for the month, but with just under three months of supply, conditions remain relatively balanced and far better than conditions reported during the 2015 to 2019 period.

Despite relatively balanced conditions, there are pockets of the market that are experiencing buyer’s market conditions, which is impacting prices. Citywide detached benchmark prices eased to $744,400 in October, one per cent lower than last year. However, price adjustments ranged from a year-over-year gain of nearly two per cent in the City Centre to a decline of over five per cent in the North East district. Despite recent adjustments, year-to-date prices remain over one per cent higher than last year.  

Semi-Detached

Sales improved over last month while new listings slowed, causing the sales-to-new-listing ratio to rise to 57 per cent, which is slightly lower than typical levels for this time of year, but high enough to prevent any significant change in inventory levels compared to last month. With 186 sales and 613 units in inventory, the months of supply was over three months, higher than last year’s extremely low levels, but lower than last month.

More inventory choice has weighed on prices over the past several months. However, with an October benchmark price of $683,100, prices remain nearly one per cent higher than last year and on a year-to-date basis are over three per cent higher than last year. 

Row

With 275 sales in October, year-to-date row sales totaled 3,412 units, a 17 per cent decline over last year. While row sales remain well above long-term trends, new listings have been on the rise and reached record highs so far this year. As of October, there were 1,054 units in inventory, the highest ever reported for the month and nearly 32 per cent higher than long-term averages. This also caused the months of supply to remain around four months.

The additional supply choice has weighed on prices. The October benchmark price was $431,200, over one per cent lower than last month and nearly six per cent lower than prices reported last year at this time. The steady slide in row prices have caused year-to-date prices to drop by one-and-a-half per cent. Price adjustments did vary across the city with the largest year-to-date declines occurring in the North East and North districts. 

Apartment Condominium

The pullback in new listings relative to sales this month did help prevent further gains in inventory levels. However, with 1,891 units in inventory and 412 sales, the months of supply remained elevated at nearly five months. Apartment condominiums have been experiencing buyer’s market conditions for nearly 6 months, placing downward pressure on prices. As of October, the benchmark price was $318,200, down over one per cent compared to last month, and nearly seven per cent lower than last October.

On a year-to-date basis, prices are nearly two per cent lower than last year’s levels. The largest year-to-date price declines occurred in the North East and South East districts at four per cent, as those districts are either reporting the highest months of supply on the resale market or are facing significant competition from the new home market.

REGIONAL MARKET FACTS

Airdrie

Activity slowed as we moved into October. While sales have remained consistent with longer-term trends, new listings reached a record high for October, keeping inventories elevated. With 535 units in inventory and 136 sales, the months of supply remained over four months. The persistently higher months of supply over the past four months, combined with additional supply choice in the new home market, has weighed on resale home prices. Prices in Airdrie have been trending down since April of this year and as of October the benchmark price was $520,400, nearly one per cent lower than last month and nearly five per cent lower than last year’s levels. 

Cochrane

Sales in Cochrane improved this month, keeping year-to-date sales at levels that are relatively consistent with last year. At the same time, while levels remained high, new listings did trend down over last month, causing the sales-to-new-listings ratio to rise to 55 per cent and preventing any further gains in inventory levels. The months of supply eased to just over four months in October, higher than the low levels reported over the past several years, but relatively more consistent with long-term trends for the month. As of October, the benchmark price was $585,200, similar to last month and over two per cent higher than last year. Year-to-date prices in the area have risen by nearly four per cent. Some of the gain in prices could be related to a larger share of new homes ending up being sold on the resale market in Cochrane. 

Okotoks

October reported 91 new listings on the market, a significant gain over last month and last year’s levels. The rise in new listings was met with slower sales activity, causing the sales-to-new-listings ratio to dip below 50 per cent, supporting a modest gain in inventory levels. While inventory levels are finally improving, they remain low relative to longer-term trends. This has likely prevented a more significant shift in prices in the Okotoks area. In October, the unadjusted benchmark price was $618,600, up over last month but consistent with last October. Year-to-date benchmark prices have improved by over one per cent. 

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

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

Courtesy Calgary Real Estate Board

The trees are changing colours, the leaves are falling, and the scent of pumpkin spice fills the air. Sadly, everyone’s favourite season is coming to an end — and believe it or not, winter is on its way. Once November hits, it’s the perfect time to start tackling your fall home maintenance checklist. Making sure your home’s cold-weather systems are running efficiently can save you both money and major headaches in the long run.

Drain the Hose

Watering season is over, but you’re not done with your outdoor watering system quite yet. To avoid cracked hoses and burst faucets over the winter, turn off water valves in your home and drain all remaining water from the taps and hoses. Tip: Unrolling the hose down a gentle slope will let the water run out completely.

Clear Vents

To prevent ice dams — ridges of roof ice that prevent melting snow from draining — ensure attic vents are free of debris. Poor soffit ventilation can increase mold inside the house and damage wood shingles during the winter months. Tip: A leaf blower or a pass with a pressure washer will clear them out and prep them for winter snow.

Clean the Chimney

Ahhh, there’s nothing quite like the warming atmosphere of a wood-burning fireplace in the dead of winter. But once you’ve cozied up to your 70th fire, get that chimney inspected and cleaned of excess creosote, because it may cause chimney fires. Tip: Run the point of a fire poker inside the chimney liner and if there’s more than three millimetres of gunk, call a certified chimney sweep.

Store Pots & Planters

If you decide to keep your collection of colourful clay pots outside for winter, make sure you empty the soil before you do. The moisture in the earth will expand when frozen, which can crack those precious ceramic containers. Tip: Removing the soil now will make it easier to reposition and replant the pots come springtime.

Mind in the Gutter

Backed up gutters can cause all sorts of wintertime hassles such as roof leaks, ice dams and wall-focused water damage. Before the snow comes, get your gutters cleared out by a professional — leave ladders to the insured experts. Tip: Make sure all downspout extensions run at least 1.5 metres away from your home’s foundations.

Caulked & Ready

A thin line of silicone caulking is one of the best ways to seal gaps in siding, windows and door frames. If you can see a gap that’s bigger than the width of a nickel, you need to get on it, to stop drafts and water damage in their tracks. Tip: Pick up some weather stripping for doors as well — you shouldn’t be able to see daylight from inside your home.

Inspect the Roof

Pull out a pair of binoculars and give your roof a careful once-over. Keep your eyes peeled for damage or missing or loose shingles. Hire a handyman for patching jobs, or a roofing company for larger sections in need of some TLC before winter comes. Tip: Take time to investigate the flashing around chimneys and vent stacks, too.

A/C Prep

While it may be tempting to wrap your entire external air-conditioning unit in miles of plastic wrap, resist the urge. Doing this can cause corrosion and is an inviting spot for nesting rodents. Instead, place a piece of made-to-measure plywood over the unit during winter and protect it from large, falling icicles and snowdrifts.

Heating Up

Don’t wait until the thermometer dips below zero to think about your home’s heating system; prep now and be ready. A technician can inspect, test and clean your furnace or heat pump to ensure they’re in tip-top shape for winter. Tip: Ask for a carbon monoxide measurement at the same time as the inspection.

Flip It and Reverse It

If your home is kitted out with ceiling fans, check the settings for a reverse option. Running fans in the opposite direction creates an updraft, pushing down heated air, which can help reduce your energy bill. Tip: If you have high ceilings, consider switching out the fan units for ones that have this setting.

Before the temperature drops too much, make sure your home is ready to handle the cold, wet winter months. A little prep work and elbow grease now will go a long way to help your home weather the coming storms, literally.

Courtesy REMAX LLC