Is Calgary’s Real Estate Boom Slowing Down? Here’s the Truth

By Erin Reeves

Erin is connected with top builders, contractors, and real estate pros. That’s how she gets her clients the inside track on new property developments, market data, and happenings in the fastest growing quadrant of the city: South East Calgary.

The real estate market in Calgary has been on fire for the last five years. Homes sold in days. Buyers lined up. Sellers hit record prices again and again. But things look different now, and if you’re planning to buy or sell, you need to know what is actually happening behind the scenes. I want to walk you through the changes I’m seeing every day and show you how to use this new market to your advantage.

Now that 2025 is unfolding, the picture is changing. For the first time in years, prices in many areas are starting to flatten or even dip. More listings are hitting the market. Detached homes that might have sold in a single weekend last year are now taking three or four weeks to sell, even when they are priced well. Buyers finally have some breathing room.

This isn’t the end of opportunity; it’s a shift. We’re moving into a more balanced market where pricing, presentation, and patience matter again. Calgary has been one of Canada’s most resilient housing markets since 2020, but even strong markets need time to stabilize.

Here’s what we’re seeing now, and what you can do to adjust.

What does this shift mean for sellers? If you’re thinking about selling, how you show up in this market is critical. The days when almost any listing would sell quickly are fading. Buyers have more choices, so they are pickier. They will pass on homes that feel overpriced or poorly presented, even in popular neighborhoods.

Sellers who adapt early will win. That means pricing your home based on where the market is today, not at last year’s peak. It means improving curb appeal, staging your home, and using strong photos and digital marketing. I recently worked with a home in Mahogany that we priced about 3% below its peak. We staged it and promoted it well online. It sold quickly. A similar home down the street, priced too high for this new market, sat for months. Same area, very different results.

If your home lingers, buyers start to wonder what is wrong with it. They look for value, and they move quickly when a home is priced right and looks good. A clear strategy can help you protect your equity instead of chasing the market down.

What does this mean for buyers? For buyers, this is finally a chance to breathe. With more inventory and fewer bidding wars, you can take your time, compare homes, and negotiate. You are no longer forced to rush into an offer in one weekend just to compete.

In areas like Nolan Hill and Auburn Bay, homes that once attracted multiple offers are now seeing price adjustments and more flexible terms. You can negotiate on price and also on conditions, such as having the home professionally cleaned before possession. It is one of the best windows we have seen in years to buy smart before the next cycle of appreciation returns.

Navigating this shift is not about guessing. A one-size-fits-all approach does not work anymore. Whether you are a seller who wants a hyperlocal pricing strategy to maximize your equity, or a buyer who is ready to explore options without pressure, you need a tailored plan that fits your situation.

If you are thinking about buying or selling in this new Calgary market, feel free to call or text me at 587-200-2728 or email me at erin@reevesrealty.ca. I’ll review your specific situation and help you build a step-by-step plan for your success.