🏡 Calgary Real Estate Market Update - Mahogany SE, Q3 2025

Posted on October 2, 2025 by Team Jillain

Total Sales: 139 (+57.9% Y/Y)
New Listings: 243 (+46.4% Y/Y)
Sales-to-New-Listings Ratio: 57.2% – a balanced to slightly seller-leaning market
Average Inventory: 159 (+65.9% Y/Y)
Months of Supply: 3.42 (+5.0% Y/Y)
Average Days on Market: 46 (+21.2% Y/Y)
Benchmark Price: $571,633 (▼ 5.0% Y/Y)
Median Price: $638,500 (▼ 7.9% Y/Y)
Average Price: $672,548 (▼ 10.7% Y/Y)

Despite softer prices, Mahogany remains one of Calgary’s most active lake communities, with buyer activity well above its 10-year average (81 quarterly sales).

Market Trends by Property Type

Detached Homes

Sales: 72
Benchmark Price: $806,367 (▼ 1.9% Y/Y)
Median Price: $755,000 (▼ 5.6% Y/Y)
Average Price: $816,008 (▼ 9.7% Y/Y)
Detached listings continue to dominate, with strong demand for family-sized two-storey homes near the lake. Price adjustments indicate buyers are showing greater price sensitivity amid higher inventory.

Semi-Detached Homes

Benchmark Price: $571,767 (▼ 1.5% Y/Y)
Median Price: $604,950 (▼ 2.4% Y/Y)
Average Price: $539,540 (▼ 4.7% Y/Y)
Semi-detached units saw modest price declines and balanced turnover, attracting entry-upsize buyers seeking proximity to amenities without detached-level pricing.

Row / Townhomes

Benchmark Price: $483,200 (▼ 2.9% Y/Y)
Median Price: $536,000 (▼ 4.7% Y/Y)**
Row homes remain competitive options for young professionals and investors, with stable absorption and affordability relative to detached homes.

Apartments

Benchmark Price: $344,100 (▼ 7.7% Y/Y)
Median Price: $356,500 (▼ 11.8% Y/Y)
Apartment prices show the steepest year-over-year decline, but the segment benefits from continued rental demand and increased investor interest due to Calgary’s strong population growth.

Price Distribution

The majority of Mahogany’s Q3 2025 sales occurred between $600,000 – $799,999, followed by activity in the $400,000 – $599,999 band. Luxury homes ($1 million +) represent a smaller but steady niche.

Market Insights

The increase in listings and modestly slower absorption suggest a normalizing market following the pandemic-era highs.
Buyers have more selection, particularly in apartment and mid-range detached homes.
Sellers remain in a good position if pricing realistically and emphasizing community lifestyle value.

Community News (Fall 2025)

Mahogany continues to enhance its family-focused, lake-lifestyle community:

Mahogany Harvest Market at West Beach (October 2025): Local artisans, produce, and food vendors celebrate the season.
Mahogany Urban Village Progress: Ongoing commercial and retail expansion (restaurants, clinics, boutique services) strengthens walkability and local amenities.
Future Infrastructure: Anticipated completion of new southeast Calgary transit corridor will improve accessibility for commuters by 2026.

Heading into Q4 2025, Mahogany’s market is expected to stabilize further, with inventory levels moderating and prices holding near current benchmarks. The community’s lake access, school catchments, and vibrant amenities continue to make it one of the most desirable master-planned areas in Calgary’s southeast.

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SEPTEMBER 2025 HOUSING MARKET UPDATE

Posted on October 2, 2025 by Team Jillain

A boost in new listings drives further inventory gains and price adjustments

The 1,720 sales in September were not high enough to offset the 3,782 new listings coming onto the market, driving further inventory gains as we move into the fall. There were 6,916 units in inventory in September, 36 per cent higher than last year and over 17 per cent higher than levels traditionally reported in September. Both row and apartment style homes have reported the largest boost in supply compared to long-term trends.

“Supply levels have been rising in the resale, new home and rental markets. The additional supply choice is coming at a time when demand is slowing, mostly due to slower population growth and persistent uncertainty. Resale markets have more competition from new homes and additional supply in the rental market, reducing the sense of urgency amongst potential purchasers. Ultimately, the additional supply choice is weighing on home prices,” said Ann-Marie Lurie, CREB® Chief Economist.

Supply levels relative to demand typically drive shifts in home prices. In September, the sales to new listings ratio dipped to 45 per cent, and the months of supply pushed up to four months for the first time since early 2020. This is a higher level of supply compared to demand than is typically seen in the Calgary market and, should this persist, we could see a market that shifts more in favour of the buyer. However, conditions do vary by property type, price range and location.

Inventory gains for apartment style homes over the past several months have contributed to buyer market conditions in this segment, driving year-over-year price adjustments of over six per cent for a total benchmark price of $322,900 in September. While the detached segment has also seen a rise in the months of supply, it has not been as high as the apartment condo sector. At a benchmark price of $749,900, detached home prices are only one per cent lower than last year, with most of the adjustments driven by the North East and North districts.

Detached

Sales in September slowed to 859 units, nine per cent lower than last year and below long-term trends for September. At the same time, new listings rose to 1,905 units, causing the sales to new listings ratio to fall to 45 per cent, levels not seen since 2018. While there has been an unexpected shift in September, it is too early to tell if this trend will continue as prior to this month the detached market has remained relatively balanced.

Improved supply choice is causing prices to decline relative to the record highs reported during the spring. As of September, the unadjusted benchmark price was $749,900, down nearly one per cent from both last month and last year. While prices have eased from peak levels across all districts, the largest decline occurred in the North East and East district at over six per cent. Despite recent adjustments on a year-to date basis, prices remain nearly two per cent higher than last year’s levels, with the City Centre reporting the highest gain at over four per cent.

Semi-Detached

New listings rose to 361 units in September, while sales fell to 156 units, causing the sales to new listings ratio to drop to 43 per cent. This also caused a rise in inventory levels and the months of supply pushed up to nearly four months. This is a significant shift compared to last month, where there was less than three months of supply.

Like the detached sector, it is too early to say if this trend will continue, but so far it has had minimal impact on home prices. As of September, semi-detached price was $684,800, slightly lower than last month and nearly one per cent higher than last year. Year-to-date price growth has been the highest for semi-detached homes at over three per cent, as this segment took longer to shift from a seller's market to one that was more balanced. Most of the price growth was driven by gains reported in the City Centre.

Row

Following a pullback last month, new listings posted modest monthly gains. The 592 new listings were met with 304 sales, causing the sales to new listings ratio to fall to 51 per cent. This is not as low as the other property types and at these levels it was enough to prevent any further monthly gain in the already elevated inventory levels. September inventory levels were 1,099 units, the highest September level reported since 2018, and 30 per cent higher than longer-term trends for the month. The largest gains in inventory occurred in the North East district, which also reported the highest months of supply and price decline compared to last year.

More supply choice has impacted resale prices, with the unadjusted benchmark price being $437,100. This is down less than one per cent over last month and nearly five per cent lower than last year’s prices. Year-to-date price adjustments have been much smaller at one per cent, as declines in the North East, North and South East districts offset the gains reported in other parts of the city.

Apartment Condominium

The most significant adjustment in the market occurred in the apartment condominium sector as improving rental supply, delayed adjustments in interest rates and improved selection for other property types has slowed apartment style demand from both first-time buyers and investors. September reported 401 sales and 924 new listings, dropping the sales to new listings ratio to 43 per cent and causing inventory to rise to 1,999 units.

The rise in supply caused the months of supply to push up to five months, the first time it has done that since 2021. As elevated levels of supply have persisted since June, prices have been trending down. As of September, the benchmark price was $322,900, down over one per cent compared to last month and over six per cent compared to last year. The year-to-date price adjustment has been just over one per cent. Condo prices have slid across all districts compared to last September. The largest decline occurred in the North East district at over ten per cent, while the smallest decline occurred in the City Centre at five per cent.

REGIONAL MARKET FACTS

Airdrie

New listings reached a September record high with 295 units. The gains in new listings were met with a pullback in sales causing the sales to new listings ratio to fall to 45 per cent and inventory rose to 571 units. While inventories have been generally trending up throughout this year, this is the first time that the months of supply pushed above four months since 2020. The improved options weighed on home prices, which continued to trend down this month. In September, the unadjusted benchmark price was $526,000, down one per cent compared to last month and nearly five per cent lower than last year's levels. Despite recent adjustments year-to-date prices declined by just over one per cent, not enough to offset last year's annual growth of eight per cent.

Cochrane

New listings in Cochrane also hit a September record high with 148 units. While sales are similar to last year's levels at 62 units, the boost in new listings did cause the sales to new listings ratio to drop to 42 per cent this month. This led to further inventory gains and the months of supply pushed above five months. Improved supply levels also took more pressure off home prices this month. In September, the unadjusted benchmark price was $584,300, down by nearly one per cent compared to last month, but still one per cent higher than last year's levels. Much of the supply adjustment has only recently occurred in the Cochrane market and the year-to-date benchmark price remains nearly four per cent higher than last year.

Okotoks

Okotoks was one of the few larger areas that did not see a lift in new listings in September. The 69 new listings were down compared to levels reported last year, and with 51 sales this month, the sales to new listings ratio remained elevated at 74 per cent. While inventory levels were only slightly higher than last month, the months of supply has remained relatively low at two and a half months. Despite the relatively tight conditions, prices continued to adjust in the market. This in part can be related to the competition from new properties, impacting resale prices. As of September, the total residential benchmark price was $613,900, down by over one per cent compared to last month and nearly three per cent lower than last September. Despite the adjustment, on a year-to-date basis, prices were still one and a half per cent higher than last year.

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Calgary Latest Real Estate Market Update - Auburn Bay, Q3 2025

Posted on October 2, 2025 by Team Jillain

Total sales: 118 — up 11.3% year-over-year.
New listings: 164 — up 8.6% Y/Y; sales/new-listings (S/NL) ratio ~72%, indicating a still-active market with solid absorption of new supply.
Benchmark price: $620,867, down ~3.5% Y/Y; Median price: $545,500; Average price: $593,235.
Average days on market (DOM): 37 days

Market trends by property type

Detached

Sales: 54 (largest share of Q3 sales).
Benchmark price (detached): ~$804,300; median detached price ~$748,650. Detached benchmark shows small Q/Q and Y/Y movements but remains the highest among types.
Trend: Detached homes continue to lead sales by volume and price; market remains competitive compared with other types, though benchmark has softened modestly Y/Y.

Semi-detached

Sales: 13
Benchmark price: $524,600
Trend: Smaller sales volume but stronger price stability — semi-detached prices near mid-market and showing modest annual change.

Row (townhouse)

Sales: 15
Benchmark price: $455,233
Trend: Townhomes remain an important mid-price option; inventory and months-of-supply indicate buyers have more choice than for detached product.

Apartment

Sales: 36
Benchmark price: $351,500
Trend: Apartment product represents the entry price point for many buyers; benchmark and median are considerably lower than other types, supporting demand from first-time and downsizing buyers.

Inventory & market balance

Average inventory: 89 active listings and months of supply ≈ 2.25 months — a sellers’/balanced leaning market (under ~3 months typically indicates tighter conditions).
S/NL ratio ~72% — shows strong absorption of newly listed stock, keeping upward pressure on prices in pockets despite a modest Y/Y benchmark decline.

Buyer / seller signals

Faster turnover suggests buyers are still active — however benchmark price decline Y/Y (-3.5%) indicates some price pressure overall, likely reflecting broader market conditions (higher borrowing costs, seasonal shifts, or more supply in certain price bands).
Price segmentation: Detached remains highest-priced; apartments and row units provide more affordable entry points — expect continued demand for mid/affordable price ranges.

Quick takeaways for sellers / buyers

Sellers: Proper pricing still matters — strong S/NL ratio and DOM ~37 means well-priced homes move; detached properties command the top dollar.
Buyers: More choices in apartment/row segments and slightly softer benchmark prices create opportunities for negotiation, especially off-peak or in higher inventory price bands.
Investors: Months of supply (~2.25) and S/NL near 72% show continued demand; monitor mortgage-rate developments and vacancy/condo supply if pursuing apartments.

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🏙 Calgary Real Estate Market Update - Seton Q3 2025

Posted on October 1, 2025 by Team Jillain

Q3 2025 activity in Seton remains strong versus its 10-year average (only 21 quarterly sales historically). Inventory growth and slightly longer selling times show the market cooling from 2023-24 highs, but buyer demand continues thanks to Seton’s live-work-shop convenience.

Metric	Q3 2025 Value	Y/Y Change
Sales	78	+56 %
New Listings	157	+40 %
Sales/New Listings Ratio	49.7 %	Balanced market
Average Inventory	120	+132 %
Months of Supply	4.62	+49 %
Average Days on Market	59	+116 %
Benchmark Price	$472,400	▼ 2.1 %
Median Price	$431,337	▼ 1.7 %
Average Price	$459,129	▼ 4.1 %

Market Trends by Property Type

Detached Homes

Benchmark Price: $753,033 (▼ 2.7 % Y/Y)
Median Price: $705,450 (▼ 7.2 %)
Average Price: $709,356 (▼ 6.5 %)
Average DOM: 76 days
Detached remains the premium segment. Price softening reflects higher inventory (6.4 months of supply), but demand persists for newer 2020-built two-storey homes averaging 1,786 sq ft

Semi-Detached Homes

Benchmark Price: $583,500 (▼ 1.6 %)
Median Price: $598,000 (+ 2.3 %)
Average Price: $584,500 ( no change )
Balanced conditions; affordability attracts young families and move-up buyers. Semi-detached units average 1,128 sq ft above grade, built 2019-2020.

Row Townhomes

Benchmark Price: $470,733 (▼ 1.0 %)
Median Price: $442,000 (▼ 9.7 %)
Townhome supply rose, creating more buyer choice. This segment remains the entry point for homeowners seeking attached living close to amenities.

Apartments

Benchmark Price: $362,467 (▼ 4.4 %)
Median Price: $340,000 (▼ 9.3 %)
Condo demand stays solid thanks to affordability, though price corrections reflect rising inventory. Many units are modern 2-bedroom suites (~883 sq ft) built 2019.

Price Bands & Market Balance

Most Q3 2025 transactions occurred between $400K – $699K.
Apartments dominate the lower brackets (< $400K), while detached homes anchor $700K – $900K.
Sales-to-new-listings ratio ≈ 50 % and 4.6 months of supply = balanced market—neither strongly buyer nor seller-favoured.

🏘 Community News & Events (Fall 2025)

Seton Urban District Expansion
Construction continues on the Seton South Urban Centre, adding new retail, dining, and residential spaces by mid-2026.

Brookfield Residential Community Events

Seton Night Market (Fall Series) – Local vendors, live music at Seton Urban District Plaza.
Halloween in the Square – Family-friendly trick-or-treat and pumpkin walk.
Seton Wellness Week – Partnership with South Health Campus offering free fitness and nutrition seminars.

Transportation & Infrastructure

Calgary Transit Green Line Stage 1 construction progresses north of Seton, expected to connect to the community by 2027.
Improved access to Deerfoot Trail and Stoney Trail has reduced commute times to downtown.

🏫 Schools Serving Seton

Public Schools

Joane Cardinal-Schubert High School (gr. 10-12) — located within Seton.
Cranston School (K-6) and Dr. George Stanley School (5-9) serve adjacent areas until a dedicated Seton K-9 school opens.

Catholic Schools

Our Lady of the Rosary School (K-6) – Cranston.
All Saints High School (gr. 10-12) – Seton.

Seton’s Q3 2025 figures show a healthy, balanced market:

Prices have moderated after rapid pandemic-era growth.
Inventory expansion is creating opportunities for first-time buyers and investors.
Ongoing commercial and infrastructure growth keeps Seton one of Calgary’s fastest-developing urban centres.

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The latest Calgary Elementary Schools Ranking

Posted on September 9, 2025 by Team Jillain

Publication Date & Scope: The Fraser Institute's 2024 "Report Card on Alberta’s Elementary Schools" was released in 2024, covering 730 schools across public, separate, independent, and charter systems
Improvement Spotlight — Banff Elementary: Among the most notable stories of improvement, Banff Elementary School (public) rose from a score of 6.1 in 2017 to an impressive 9 in 2023

Calgary’s Top Performers in 2022–23 (per available data)

While the 2024 public release didn’t outline Calgary’s full ranking list, earlier data (2022–23) offers insights into top schools in Calgary:

Clear Water, Master’s, Renert, and Webber all achieved a perfect 10/10 rating and are tied for 1st place among all of Alberta
Other high performers include:
- Calgary French & International — 9.8 (rank 5)
- Holy Name, Sunalta — 9.6 (rank 9)
- Louis Pasteur, Rundle College — 9.4 (rank 13)
- St. Joan of Arc — 9.3 (rank 16)

These top-caliber schools are clustered among both public and private institutions.

FFCA Charter Schools — 2025 Update

The Foundation for the Future Charter Academy (FFCA), which includes six combined elementary-middle campuses, achieved an overall provincial rank of 28 out of 858 elementary-level schools, placing them in the 97th percentile. This marks their highest-ever ranking to date.

A Balanced View

It’s worth noting that the Alberta Teachers Association (ATA) and certain school divisions have criticized the Fraser Institute’s methodology. They argue that the rankings:

Rely heavily on Provincial Achievement Test (PAT) results.
Do not account for socioeconomic context, student diversity, special needs, and broader school qualities

What Parents Should Consider

Rankings offer useful starting points but shouldn’t drive decisions alone. Consider:

Visiting schools in person.
Talking to administrators and teachers.
Reviewing programs beyond test scores.
Assessing school atmosphere, values, and fit with your child’s needs.

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AUGUST 2025 HOUSING MARKET UPDATE

Posted on September 2, 2025 by Team Jillain

Price declines mostly driven by higher density home types

Improving supply choice has changed the dynamics of the Calgary market driving price declines over the past several months. Higher price adjustments are occurring for apartment and row style properties while detached and semi-detached properties have reported modest declines. As of August, the unadjusted total residential benchmark price was $577,200, down over last month and nearly four per cent lower than levels reported last year.

“Perspective is needed when it comes to price adjustments. The most significant price adjustments are occurring for row and apartment style homes as they are also the product type that are facing the largest gains in supply choice,” said Ann-Marie Lurie, Chief Economist at CREB^®. “Meanwhile price adjustments in the detached and semi-detached markets range from modest price growth in some areas to larger price declines in areas with large supply growth. Overall, recent price adjustments have not offset all the gains that have occurred over the past several years.”

August reported 1,989 sales, nearly nine per cent lower than last year. Sales have slowed compared to the high levels reported over the past four years. However, activity is still above long-term trends, reflecting relatively strong demand. What has changed is the supply situation. New listings remain elevated, keeping the sales-to-new-listings ratio below 60 per cent and pushing inventory to 6,661, the highest August amount since 2019.

More inventory choice coupled with lower sales has caused the months of supply to rise to 3.4 months in August, much higher than the sellers' market conditions reported over the previous four years, but still well below the buyer market conditions observed prior to the pandemic. While the market is much more balanced compared to last year, there is significant variation depending on property type, price range and location.