Rangeview, Calgary’s first garden-to-table community, continued to show strong growth through the second quarter of 2025. The mix of detached, semi-detached, and row homes is appealing to a wide range of buyers, from young families to move-up purchasers, keeping demand healthy.

• Sales Activity: Q2 posted steady transaction volumes as more new listings entered the market compared to Q1, giving buyers modestly more choice.

• Pricing Trend: Home values remained resilient, with modest quarterly increases supported by strong demand for detached homes and stable affordability in townhomes.

• Market Balance: Months of supply hovered near 2 months, reflecting a slightly constrained but more balanced market compared to early 2025. Average days on market stayed under 40 days, showing continued buyer urgency.

Market by Property Type

Detached Homes

• Benchmark Price: Mid-to-high $700,000s.

• Market Notes: Remain the most in-demand segment, especially front-garage homes and those backing onto green space. Buyers prioritize space and proximity to garden lots and pathways.

• Trend: Low supply continues to drive competition, keeping prices trending upward.

Semi-Detached Homes (Duplexes)

• Benchmark Price: Around $580,000–$600,000.

• Market Notes: Attract young families entering the market. Stable price growth, with most homes selling close to list price.

• Trend: Balanced performance—steady sales volume but slightly longer days on market than detached homes.

Row/Townhomes

• Benchmark Price: Approximately $450,000–$480,000.

• Market Notes: Affordable entry option for first-time buyers. Strong investor interest due to rental potential and proximity to future commercial areas.

• Trend: Longer average days on market (~45–50 days) compared to detached, but pricing remains steady.

Apartment Condominiums

• Benchmark Price: Low-to-mid $300,000s.

• Market Notes: Limited but growing presence in Rangeview as new multi-family projects begin to develop. Ideal for downsizers or young professionals seeking low-maintenance living.

• Trend: Small but steadily expanding segment, with demand tied to affordability pressures.

Community Updates

• Commercial Growth: Early phases of retail and dining amenities are under development, with residents anticipating a small commercial hub by late 2025.

Schools

• Designated Schools: Currently served by nearby communities, including Joane Cardinal-Schubert High School (Seton) and Cranston Elementary.

• Future Plans: Land is allocated for future school development within Rangeview, anticipated to serve K–9 students as the population grows.

• Nearby Options: Families also benefit from Catholic schools in Cranston and Auburn Bay.

Events & Activities – Q2 2025

• Rangeview Garden Workshops: Seasonal events hosted for residents, teaching urban gardening, composting, and cooking with locally grown produce.

• Canada Day Activities: Families gathered in the central park area for children’s games and evening celebrations.

• Neighbourhood Nights: Weekly summer outdoor movie screenings and potluck dinners strengthened community ties.

Rangeview is establishing itself as one of southeast Calgary’s most unique lifestyle-focused communities. The emphasis on agriculture and sustainability continues to attract buyers seeking more than just a home, but a community experience. Detached homes remain the strongest-performing segment, but townhomes and duplexes provide key entry points for younger families and investors.

Market momentum is expected to stay strong into Q3 2025, with detached prices leading growth and multi-family development slowly expanding options for buyers.

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Inventory levels in June continued to rise, both over last month’s and last year’s levels. By the end of the month, inventory reached 6,941 units, returning to levels reported in 2021, or prior to the surge in population growth. While sales have remained consistent with long-term trends despite a decline from recent months, higher levels of new listings compared to sales have contributed to the inventory gain.

All property types have reported gains in inventory, but both row and apartment style homes reported inventory levels over 30 per cent higher than long-term trends, while supply for detached and semi-detached units are only slightly higher than typical levels.

“Supply has improved across rental, resale and new home markets, allowing for more choice for those considering their housing options,” said Ann-Marie Lurie, Chief Economist at CREB®. “The additional choice combined with no further declines in lending rates, persistent uncertainty and concerns of price adjustments is keeping many potential purchasers on the sidelines. This is weighing on home prices, especially for apartment and row style homes.”

The unadjusted benchmark price was $586,200 in June, lower than last month and over three per cent lower than last year. Much of the citywide decline was driven by apartment and row style homes, which are over three per cent lower than last year. Meanwhile, detached prices have remained relatively stable and semi-detached homes are still slightly higher than last year.

The steeper price declines for apartment and row style homes are reflective of those segments shifting toward a market that favours the buyer with nearly four months of supply. Meanwhile conditions are relatively balanced for detached and semi-detached homes. Overall conditions in Calgary have changed, but not enough to erase the significant growth in prices that have occurred over the past four years.
 

Detached

Sales in June were 1,194 units, six per cent lower than both last year and last month's activity. Sales activity did vary depending on location and price range, with declines in resale sales mostly for higher priced homes that likely face more competition from new homes. On a location basis, the steepest declines in sales occurred in the City Centre and the North East at over 20 per cent, while year-over-year gains were reported in the West, and South East districts. 
 
While sales did vary, inventories and new listings improved across most price ranges and districts in the city. However, it is only the North East district that is experiencing conditions that favour the buyer, causing prices to decline by four per cent compared to last June. As of June, the unadjusted benchmark price in Calgary was $764,300, less than one per cent lower than both last month and last year’s price.

Semi-Detached

Sales activity continued to slow this month, contributing to the year-to-date decline of nearly 12 per cent. At the same time new listings have generally been rising compared to last year, supporting inventory gains and a shift to balanced conditions. As of June, the months of supply was 2.6 months, a significant improvement over the tight conditions reported last year.
 
Additional supply choice has slowed the pace of price growth for semi-detached homes. As of June, the benchmark price in the city was $696,400, similar to last month, and over one per cent higher than last June. Price movements did range by district, as homes in the City Centre are over three per cent higher than last year and at record high levels, while prices in the North, North East, and East districts are all over two per cent lower than last year and three per cent lower than last year’s peak price.

Row

New listings continue to rise relative to the number of sales in the market, as the sales-to-new listings ratio in June dropped to 50 percent. This contributed to further inventory gains with 1,167 units available at the end of the month. While sales are still higher than long-term trends, the recent gains in inventory levels have caused the months of supply to push above three months. Within the city, conditions range with nearly six months of supply in the North East and two and a half months of supply in the North West.
 
Higher supply levels relative to demand are weighing on prices which, at a June benchmark price of $450,300, are down over last month and three per cent lower than last year’s levels. However, as the level of oversupply does range across the districts, so too do the price movements. The City Centre has seen the most stability in prices this month and is only one per cent below last year’s peak. Meanwhile, the North East is reporting year-over-year price declines of nearly six per cent.
 

Apartment Condominium

June new listings and sales both eased over last month’s and last year’s levels. However, with 1,024 new listings and 532 sales, inventories continued to rise and the months of supply pushed up to nearly four months. Slower international migration numbers are weighing on housing demand just as supply levels are rising, which is having a larger impact on apartment style homes.
 
The rising supply choice, both in new and resale markets, has caused resale prices to trend down again this month, leaving June’s benchmark price of $333,500 over three per cent lower than last year’s levels. While prices have eased across all districts in the city, the largest year-over-year declines are occurring in the North East, North and South East districts.
 

REGIONAL MARKET FACTS

Airdrie

Thanks to a sharp decline in detached activity, sales in June fell to 164 units. The pullback in sales was met with 324 new listings, causing the sales-to-new listings ratio to drop to 51 per cent, the lowest ratio reported in June since 2018. The wider spread between sales and new listings drove further inventory gains and for the first time since 2020 the months of supply was above three months. The additional supply choice has weighed on resale prices, which have trended down for the second consecutive month. In June the benchmark price was $538,300, nearly three per cent lower than levels seen last year at this time.

Cochrane

Gains for detached and semi-detached sales were offset by pullbacks for row and apartment units, as June sales remained relatively unchanged over last year. The 101 sales in June were met with 171 new listings and the sales-to-new listings ratio rose to 59 per cent. This slowed the pace of inventory growth, keeping the months of supply just below three months. While conditions are more balanced than they have been, prices in the area continue to rise albeit at a slower pace. As of June, the unadjusted benchmark price was $593,700, nearly one per cent higher than last month and four per cent higher than last June.

Okotoks

While levels are better than last year, both sales and new listings trended down in June, causing the sales-to-new listings ratio to rise to 87 per cent. This prevented any further monthly inventory gains and ensured that the months of supply remained below two months in June. While conditions remain tight in Okotoks, more supply in the broader region has likely prevented stronger price growth in the Town of Okotoks. As of June, the unadjusted benchmark price was $632,800, similar to last month and nearly three per cent higher than last year.

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Seton remains one of Calgary’s fastest-growing urban districts, offering a vibrant mix of housing, retail, healthcare, and education. In Q2 2025, Seton experienced softening sales and rising inventory — a pattern seen across many SE communities — especially within the apartment market.

• Total Sales: 52 units (▼17% YoY)

• New Listings: 117 (▼2% YoY)

• Total Inventory: 91 units (↑42% YoY)

• Benchmark Residential Price (June): $377,467 (▼3.2% YoY)

• Months of Supply: 2.63 (↑71% YoY)

🏠 Performance by Property Type

🔹 Apartments (Majority of Sales)

• Sales: 49 units (↓15%)

• New Listings: 111 (↓2%)

• Benchmark Price: $377,467 (↓3.2% YoY)

• Market Trend: Seton’s apartment-heavy market is cooling. High supply and affordability continue to attract first-time buyers and investors, but price pressures remain downward due to oversupply.

🔹 Row/Townhomes

• Sales: 3 units (low sample size)

• Benchmark Price: Not statistically reliable due to volume

• Trend: Limited product available in this category, but ongoing development may expand townhome offerings by 2026.

🔹 Detached & Semi-Detached

• Not applicable for Q2 2025 – no recorded benchmark or sales activity for these property types in Seton. Most detached homes in the area are still under development or pre-construction.

⏱️ Days on Market (DOM)

While specific DOM values are not individually broken out in the dataset, Seton’s months of supply rose 71% to 2.63 months, indicating longer time on market. Buyers have more selection and leverage, particularly in the apartment segment, where competition among sellers is increasing.

🧑‍🎓 Schools in Seton

Seton is positioned as an education and health hub in Calgary’s southeast. Nearby and serving Seton residents:

• Joane Cardinal-Schubert High School (CBE) – Full high school program; modern facility.

• All Saints High School (Catholic) – Located nearby in Legacy.

• Elementary and middle school students are served by neighboring communities such as Auburn Bay, Mahogany, and Cranston until future Seton schools are completed.

📌 Future School Sites: Designated locations for new K–9 schools have been approved in Seton’s long-term plan to accommodate future growth.

🏙️ Seton is Calgary’s urban core of the south, offering one of the city’s most integrated live-work-play environments.

🏗️ Urban Planning & Growth

• Mixed-use high-density zoning attracts both residential and commercial investment

• New apartment and condo developments continue to expand along Seton Blvd and Market Street

• Additional park space and pedestrian linkages under development in 2025

🏥 Amenities

• South Health Campus Hospital – Full-service medical care and employment anchor

• Seton YMCA – Calgary’s largest recreational facility with swimming pools, fitness center, library, and skating rink

• Cineplex VIP Theatre, Superstore, Shoppers Drug Mart, banks, clinics, and dining all within walking distance

📈 Market Outlook

✅ For Buyers:

• Apartments remain highly affordable and offer exceptional walkability

• Ample inventory and longer DOM provide room to negotiate

• Strong rental demand in Seton makes it attractive for investors

✅ For Sellers:

• Price sensitivity is increasing; units must be competitively priced and marketed

• Staging, professional photography, and highlighting Seton’s lifestyle perks are essential to stand out

• The oversupply of condos in similar price brackets requires strategic positioning

Q2 2025 marks a cooling phase in Seton’s real estate market, particularly in its apartment sector. While sales declined and inventory grew, Seton continues to hold long-term value due to:

• Its position as Calgary’s SE urban center

• Access to world-class health, recreation, and retail amenities

• Ongoing infrastructure and residential development

Buyers should act carefully but confidently, while sellers will need to align expectations with market realities.

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Copperfield’s real estate market remained active in Q2 2025, with steady demand across multiple housing types. While sales volumes eased slightly year-over-year, balanced conditions prevailed as new listings rose, giving buyers more selection.

• Total Sales: 120 (–9.1% Y/Y)

• New Listings: 188 (+11.2% Y/Y)

• Sales-to-New Listings (SNL) Ratio: 63.8% (balanced conditions).

• Average Inventory: 66 (up 200% Y/Y).

• Months of Supply: 1.72 (leaning toward sellers but improving for buyers).

• Days on Market: 24 (faster than long-term average).

Benchmark Pricing Trends

• Overall Benchmark Price: $492,600 (–1.9% Y/Y).

• Detached: $624,767 (–0.7% Y/Y).

• Semi-Detached: $496,033 (–2.0% Y/Y).

• Row/Townhomes: $414,533 (–4.0% Y/Y).

• Apartments: $312,467 (–2.7% Y/Y).

Detached homes held values relatively well, while row homes and apartments experienced more pronounced price softening, driven by rising supply.

Property Type Breakdown

• Detached Homes
  Still the most in-demand segment, with 65 sales. Prices held steady, supported by strong family demand and limited long-term supply.

• Semi-Detached Homes
  Recorded 14 sales. These homes remain a popular mid-tier option, especially for growing families seeking affordability relative to detached houses.

• Row/Townhomes
  With 30 sales, this segment provides accessible entry points for first-time buyers. Pricing softened, giving buyers more negotiating room.

• Apartments
  Accounted for 11 sales, reflecting affordability-driven demand. Despite a small dip in pricing, condos remain attractive for investors and younger buyers.

Community Features Driving Demand

Schools

Copperfield is a family-oriented community with convenient access to schools:

• Copperfield School (K-5, CBE) located within the community.

• St. Isabella School (K-9, Catholic) in nearby communities.

• Junior high and high school students are designated to schools in neighbouring New Brighton and Mahogany.

Lifestyle Appeal

Copperfield is well known for its ponds, pathways, and parks. The community association supports local events and recreation, and the neighbourhood’s access to Deerfoot Trail and Stoney Trail makes commuting convenient. Its balance of affordability and amenities continues to attract families and first-time buyers.

Outlook for 2025

• Detached homes expected to remain the strongest segment, supported by family buyers.

• Semi-detached and row homes will see steady interest as affordable alternatives.

• Apartments may face softer pricing but will continue to appeal to investors and budget-conscious buyers.

• Overall, Copperfield should see stable conditions with modest price adjustments as supply levels rise.

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The New Brighton housing market demonstrated steady buyer activity through Q2 2025, with demand balancing against a healthy increase in new listings.

• Sales: 132 transactions (down 13.2% Y/Y).

• New Listings: 181 (up 9% Y/Y).

• Sales-to-New Listings (SNL) Ratio: 72.9% (favouring sellers slightly).

• Inventory: 63 listings on average (up 141% Y/Y).

• Months of Supply: 1.43 (indicating a seller-leaning balanced market).

• Average Days on Market: 21 (homes selling faster than historical averages).

Benchmark Pricing Trends

• Overall Benchmark Price: $537,767 (down 1.3% Y/Y).

• Detached: $649,967 (–1.2% Y/Y).

• Semi-Detached: $547,300 (–2.8% Y/Y).

• Row/Townhomes: $420,633 (–0.5% Y/Y).

• Apartments: $315,100 (+2.8% Y/Y).

Detached homes dominate the market, while apartments gained traction as affordability pressures grew.

Property Type Breakdown

• Detached Homes
  Represent the majority of sales, with values holding relatively firm. Demand continues from families looking for more space near schools and parks.

• Semi-Detached Homes
  Pricing softened, reflecting affordability-driven buyer negotiations. Still attractive for families wanting more space than townhomes but at lower costs than detached.

• Row/Townhomes
  Remained resilient with minimal price decline. With strong absorption, they continue to serve as a popular first-home option.

• Apartments
  Showed renewed buyer interest, with a 2.8% benchmark increase. Condos are increasingly appealing to first-time buyers and investors seeking entry-level price points.

Community Features Driving Demand

Schools

Families are drawn to New Brighton for its proximity to schools, including:

• New Brighton School (K-4, CBE)

• St. Marguerite School (K-6, Catholic)

• Access to nearby junior high and high schools in Cranston, Auburn Bay, and McKenzie Towne.

Shopping & Amenities

• South Trail Crossing (130th Avenue SE): Full-service retail corridor with grocery, big-box shopping, dining, and fitness options.

• McKenzie Towne High Street: Boutique shops, cafés, and walkable amenities nearby.

Lifestyle Appeal

New Brighton is a master-planned, family-focused community featuring:

• New Brighton Clubhouse: Exclusive resident facility with splash park, skating rink, tennis, and year-round programming.

• Pathways & Parks: Ample green spaces, ponds, and playgrounds.

• Transit Connectivity: Convenient access to Deerfoot Trail and Stoney Trail for commuting.

Heading into the latter half of 2025, New Brighton is expected to see stable sales and modest price adjustments.

• Detached and semi-detached may experience slight downward pressure as supply builds.

• Row and apartment segments will likely see continued demand from affordability-driven buyers.

• Community amenities, schools, and lifestyle appeal will keep New Brighton highly attractive to families and first-time buyers alike.

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📊 Market Overview – Auburn Bay

Auburn Bay entered a transitional phase in Q2 2025, with growing inventory, softer sales volume, and price adjustments across most property types. Although the community remains popular for families, the shift toward a balanced-to-buyer's market created new dynamics for sellers and buyers alike.

• Total Sales (Q2): 127 units (↓28% YoY)

• New Listings: 238 (↑22% YoY)

• Inventory Level (End of Q2): 113 units (↑95% YoY)

• Quarterly Benchmark Price (June): $621,467 (↓4.2% YoY)

• Quarterly Average Days on Market (DOM): ~25–34 days (↑8–12 days YoY)

• Months of Supply: 2.67 months (↑168% YoY)

🏠 Market Performance by Property Type

🔹 Detached Homes

• Total Sales: 54 homes (↓33%)

• New Listings: 117 (↑15%)

• Benchmark Price (June): $801,633 (↓2.2% YoY)

• Average DOM: 32 days

• Trend: While detached homes remain desirable, the inventory surge softened prices. Sellers face longer selling timelines unless priced competitively.

🔹 Semi-Detached Homes (Duplex)

• Total Sales: 13 homes (↓24%)

• Benchmark Price: $524,433 (↓1.1%)

• Average DOM: 28 days

• Trend: This segment shows moderate stability but slower absorption rates as buyer caution increases.

🔹 Row Homes (Townhouses)

• Total Sales: 33 homes (↑10%)

• Benchmark Price: $470,133 (↔ YoY)

• Average DOM: 24 days

• Trend: A bright spot in the market — row homes are seeing solid buyer activity due to affordability and modern layouts.

🔹 Apartments

• Total Sales: 27 homes (↓41%)

• Benchmark Price: $359,400 (↓6.3%)

• New Listings: 61 (↑72%)

• Average DOM: 34 days

• Trend: High inventory and weak sales volume place downward pressure on prices. Great value for investors or first-time buyers.

⏱️ Days on Market (DOM) Trend

Across Q2 2025, DOM rose across all property types:

• Detached homes: From 24 to 32 days

• Apartments: From 26 to 34 days

• Row homes: Averaging 24 days but beginning to lengthen

This aligns with increased months of supply and softening sales-to-listing ratios — reflecting a more cautious buyer pool.

🧑‍🎓 Schools in Auburn Bay

Auburn Bay continues to be a highly desirable location for families due to its proximity to schools:

• Auburn Bay School (K–4, CBE)

• Lakeshore School (Grades 5–9, CBE) – Serves growing middle school population

• Prince of Peace School (K–9, Catholic) – Popular for Catholic families

• Joane Cardinal-Schubert High School – Located in adjacent Seton

Most schools remain well-ranked and accessible via walking or short drive, supporting Auburn Bay’s family-first reputation.

🌟 Community Features & Lifestyle

🏞️ Features:

• 43-acre private lake with beaches, swimming, skating, and boating

• Auburn House: Community center, gym, event rental space

• Off-leash dog park, tennis courts, and recreational fields

• Extensive bike paths and parks throughout the neighborhood

🛍️ Nearby Amenities:

• Seton Urban District with:

  • South Health Campus hospital

  • Calgary’s largest YMCA

  • Cineplex, Superstore, and dining options

📈 Market Outlook

✅ For Buyers:

• More selection and leverage, particularly in apartments and detached segments

• Opportunities to negotiate price or add conditions

• Townhomes remain competitive — act quickly if priced fairly

✅ For Sellers:

• Prepare for longer DOM and increased competition

• Homes in excellent condition, priced to market, are still moving

• Professional marketing, staging, and proper pricing are essential in Q3

In Q2 2025, Auburn Bay transitioned toward a more balanced real estate market with:

• Declining sales volumes

• Elevated inventory

• Extended selling timelines

That said, demand for townhomes remains healthy, and the community continues to thrive due to its lake lifestyle, school network, and walkable amenities. Both buyers and sellers must approach Q3 strategically to succeed.

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Mahogany, Calgary’s award-winning lake community, continues to show steady activity through Q2 2025, with buyer demand remaining strong for both detached and semi-detached homes.

• Sales Activity: Mahogany recorded healthy quarterly sales, supported by increased new listings. Inventory improved slightly compared to early 2025, giving buyers more choice, though the market remains tilted toward sellers due to strong demand for family-oriented homes.

• Benchmark Prices: Detached homes in Mahogany averaged in the mid-$800,000s, with two-storey properties in particular seeing the highest levels of demand. Semi-detached and row homes remained attractive entry points, with benchmark values in the $550,000–$650,000 range.

• Apartments: The apartment sector also posted growth as affordability challenges steered some buyers toward smaller formats. Prices hovered around the low-to-mid $400,000s.

• Market Balance: Months of supply remained tight at ~2 months, reflecting the community’s desirability. The average days on market was under 35 days, showing buyers’ willingness to act quickly in this lakeside neighborhood.

Detached Homes

• Benchmark Price: Approximately $826,800, up around 1.0% year-over-year

• April Snapshot: Reflects steady appreciation in this segment

• Context: Detached homes remain the flagship offering in Mahogany, especially high-end lakefront and wetland-adjacent homes. They continue to attract families and move-up buyers drawn to spacious layouts and premium finishes

Buyer Insight: Expect consistent demand and resilience in this category, particularly for well-located and well-presented properties.

Semi-Detached Homes (Duplexes)

• Benchmark Price: Around $580,500, largely unchanged from Q2 2024

• Median Sold Price: $610,000, up 3.4% YoY.

• Average Sold Price: $641,373, up from $626,000 the year before

• Average Days on Market: 44 days, up from 35 days in Q2 2024.

• Sale-to-List Ratio: ~99.3%, slightly lower than 99.7% previously

Buyer Insight: This segment continues to offer strong value — particularly attractive to first-time buyers or those seeking more space than a condo affords. Despite slightly longer days on market, pricing remains stable and competitive.

Row Homes (Townhomes)

• Benchmark Price: Approx. $498,300, stable year-over-year

• Median & Average Sold Price: Both around $349,500, unchanged YoY; slight decrease from $363,000 in 2024

• Average Days on Market: 62 days, up from 43 days last year.

• Sale-to-List Ratio: ~99.7%, remains steady

Buyer Insight: While sales volumes are low and days on market have increased, townhomes remain an affordable entry point in Mahogany—ideal for first-time buyers or investors. Unit-specific details like exposure and yard access can impact resale and desirability.

Apartment Condominiums

• Benchmark Price: About $361,900, slightly down (~1.1%) YoY

Buyer Insight: Though pricing has softened a touch, apartments remain a stable, affordable choice—especially appealing to singles, seniors, or those seeking proximity to Seton’s amenities, transit, and health services.

Schools

• Divine Mercy Catholic Elementary and Mahogany Elementary (CBE) continue to serve young families in the community, both reporting strong enrollment in 2025.

• Families also benefit from proximity to Joane Cardinal-Schubert High School in Seton and Centennial High School in nearby Sundance.

• A new future middle school site has been earmarked by the Calgary Board of Education, anticipated to relieve demand as Mahogany’s population continues to grow.

With lake access, strong schools, and continued commercial growth, Mahogany remains a premier southeast Calgary destination. Real estate momentum is expected to carry through the remainder of 2025, particularly in the detached and row segments. Apartments will also remain in focus for investors and first-time buyers.

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The McKenzie Towne real estate market showed resilience through the second quarter of 2025, balancing demand across a variety of property types. Sales activity remained steady with 132 transactions, a modest 8.3% decline year-over-year, while new listings rose 10.3% to 192, keeping options open for buyers.

• Sales-to-New Listings (SNL) Ratio: 68.7% (indicating a balanced market leaning slightly towards sellers).

• Average Inventory: 70 listings (up 128% Y/Y, still below the 10-year average).

• Months of Supply: 1.59 (suggesting continued demand relative to supply).

• Days on Market: 25 (down from 36 historically, showing quicker turnover).

Benchmark Pricing Trends

• Overall Benchmark Price: $500,633 (down 1.7% Y/Y).

• Detached: $652,967 (slight +0.9% Y/Y).

• Semi-Detached: $487,933 (–4.1% Y/Y).

• Row/Townhomes: $437,600 (–1.9% Y/Y).

• Apartments: $332,000 (+2.3% Y/Y).

Detached homes maintained the highest values, while apartments saw price gains, reflecting renewed affordability-driven demand.

Property Type Breakdown

• Detached Homes
  Strongest performer with 65 sales, accounting for nearly half of the market. Benchmark prices held stable, though average sales slipped slightly. Inventory remains tight at under one month of supply for many price points.

• Semi-Detached Homes
  Softer activity, with pricing down modestly. Semi-detached remain a more affordable entry into McKenzie Towne, appealing to downsizers and young families.

• Row/Townhomes
  Popular with first-time buyers; stable benchmark pricing despite small Y/Y declines. Good absorption rate kept supply balanced.

• Apartments
  Increased demand brought sales momentum. Benchmark prices rose 2.3% Y/Y, signaling that buyers are returning to the condo market for affordability.

Community Features Driving Demand

Schools

McKenzie Towne is family-oriented, supported by:

• McKenzie Towne School (K-4, CBE)

• St. Albert the Great (K-9, Catholic)

• Nearby junior highs and high schools in adjacent SE communities.

Proximity to schools continues to fuel demand for detached and semi-detached homes among young families.

Shopping & Amenities

• High Street in McKenzie Towne: Pedestrian-friendly shopping, dining, cafés, and professional services.

• South Trail Crossing (130th Avenue SE): Major retail corridor with grocery stores, big-box shopping, fitness centers, and restaurants.

• Seton Urban District (nearby): Expanding entertainment, hospital (South Health Campus), and mixed-use services.

Lifestyle Appeal

McKenzie Towne remains one of Calgary’s most walkable suburban communities, with village-style planning, ponds, pathways, and community events. These lifestyle features contribute to steady demand across property types.

Looking ahead, moderating price growth is expected as more listings return to the market. Apartments and row houses are likely to see the strongest activity due to affordability pressures, while detached homes remain a long-term draw for families seeking community amenities and schools.

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While previous generations aspired to enter retirement unburdened by housing debt, a growing share of Canadian retirees are facing a different reality. A new Royal LePage–Leger survey of 1,626 adults, conducted found that 29 per cent—or nearly one in three Canadians planning to retire in the next two years—expect to still be paying a mortgage when they stop working. Mortgage‑free retirement? Not so for 29% of soon‑to‑be retirees (Global News)

Key Findings

• Still paying mortgages: 29 percent of near‑retirees (spring 2025) anticipate entering retirement with ongoing mortgage obligations biv.com.

• Mortgage‑free cohort: 45 percent have already paid off their mortgage, with another 6 percent confident they’ll clear it before retiring.

• Homeownership later in life: Canadians are buying homes later, with amortization schedules (often 30 years) pushing mortgage payoffs well into traditional retirement years globalnews.ca.

• Rising mortgage debt among seniors: Canadian seniors with mortgages doubled from 14 percent in 2016 to roughly 28 percent by 2025.

• Split on downsizing: Approaching retirees are divided—46 percent plan to downsize within two years of retiring, while 47 percent intend to stay put.

Why the Shift?

Phil Soper, CEO of Royal LePage, points to housing affordability pressures as a major factor. Escalating home prices, delayed entry into ownership, and financial support extended to adult children have stretched mortgage timelines. While the payoff represents financial liberation and stability, this generation is redefining retirement realities.

How Retirees Are Coping

Despite the odds, many are finding ways to manage:

• Supplemental income sources: Investment earnings, part‑time employment, or support from a working spouse are helping bridge monthly payments .

• Financial planning strategies: Advisors suggest delaying Canada Pension Plan withdrawals (until age 70), tapping into investments prudently, or pairing mortgage debt with diversified retirement funding.

Bigger Picture: Canada’s Housing Crisis

The trend reflects broader affordability challenges. The Bank of Canada's housing affordability index reached its worst since 1982, with average homes costing over nine times annual household incomes in 2023. Although interest rates have declined, high prices persist, hampering homeownership .

What It Means for You

1. Plan for mortgage payments into retirement: If you’re close to normal amortization timelines, build mortgage payments into your budget after leaving the workforce.

2. Delay CPP to maximize income: Eating into your investment portfolio to pay the mortgage may backfire—waiting until age 70 to draw CPP can significantly boost monthly income.

3. Downsizing: Pros and Cons: Downsizing can reduce expenses and help pay off your mortgage—but only if you weigh factors like moving costs, emotional ties, and future home equity needs.

4. Consider equity-based solutions: Reverse mortgages (e.g., offered by HomeEquity Bank) allow Canadians 55+ to access home equity without monthly repayments. They can be an option—but total interest may reduce estate value.

What was once a cornerstone milestone—mortgage‑free retirement—has become an increasingly elusive goal. Nearly one-third of near‑retirees now carrying mortgage debt reflects deeper housing affordability issues. But smart financial planning, diversified income strategies, and an openness to options like downsizing or equity loans can help mitigate risks and preserve stability in retirement.

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The Bank of Canada kept its key overnight lending rate at 2.75% again Wednesday.

This marks the second straight hold after the central bank’s rate-cutting streak of seven consecutive reductions ended in April amid the trade war with the U.S. that is wreaking havoc on Canadian monetary policy.

In recent months, the BoC has adopted a strategy that puts more emphasis on assessing short-term impacts, such as economic shocks, economic shocks, rather than usual long-term outlooks when considering whether to hike, hold or cut rates.

The BoC maintained the hold because the bank’s governing council wants to get more information on how U.S. tariffs on Canadian imports could further affect Canada’s economy, BoC Governor Tiff Macklem said during a news conference after Wednesday’s decision.

The hold and Macklem’s comments came on the same day that U.S. President Donald Trump imposed a 50% tariff on steel imports from Canada and a number of other countries, with the exception of the U.K.

“Uncertainty remain high,” Macklem told reporters.

BMO Chief Economist Douglas Porter told The Canadian Press that the uncertainty “really is a doubled-edged sword” for the BoC.

“It doesn’t mean that they should cut more or less,” Porter told CP. “It just makes it more and more uncertain, and they almost have to take it on a meeting-by-meeting basis.”

The hold was widely expected.

First-quarter Canadian economic growth exceeded the bank’s expectation, but compound growth came in as anticipated, Leslie Preston, a TD Bank managing director and senior economist, wrote in a research note provided to Connect. She noted that the economy is softer but not sharply weaker. However, the bank remains concerned about unexpected firm inflation and its preferred measures of inflation have risen.

The BoC also expects the economy to be “considerably weaker” in the second quarter as strong exports and inventories reverse while demand remains “subdued.”

“We expect that barring a trade negotiation miracle with the Trump administration, Canada’s economy is likely to tip into recession this year, and more interest-rate cuts will be required,” wrote Preston.

                                                                                                                                                                                                                                   By: Monte Stewart @Connect Canada

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Price adjustments mostly driven by apartment and row style homes

Thanks to steep pullbacks in the apartment condominium sector, total residential sales in Calgary eased by 17 per cent compared to May of last year. While the drop does seem significant, the 2,568 sales this month remain 11 per cent higher than long-term trends for May and improved over last month.

New listings continued to rise this month compared to sales, resulting in further gains in inventory levels. However, the monthly gain in both inventory and sales prevented any significant change in the months of supply compared to April. With 2.6 months of supply, conditions are still relatively balanced. 

“Compared to last year, easing sales and rising inventories are consistent trends across many cities, as uncertainty continues to weigh on housing demand. However, prior to the economic uncertainty, Calgary was dealing with seller market conditions, and the recent pullbacks in sales and inventory have helped shift us toward balanced conditions taking the pressure off prices,” said Ann-Marie Lurie, Chief Economist at CREB®. “This is a different situation from some of the other larger cities, where their housing markets were struggling prior to the addition of economic uncertainty.”    

Last year there was limited inventory across most property types and price ranges. Recent inventory gains are creating pockets of the market that are struggling with too much supply while in other areas supply levels are still low relative to the demand, resulting in divergent trends in home prices.

Both detached and semi-detached home prices have remained relatively stable this month and are still higher than last year’s levels. Meanwhile, row and apartment style homes have reported modest monthly price declines and May prices remain below last year’s levels, as improved new home and rental supply is weighing on resale prices. Overall, the total residential unadjusted benchmark price in Calgary was $589,900, slightly lower than last month and over two per cent below May 2024 levels.   

Detached

New listings in May rose to 2,419 units, with most of the gains driven by homes priced over $600,000. At the same time, sales activity has slowed across most price ranges, supporting a shift toward more balanced conditions and relative stability in prices. However, districts that are facing more competition from new home product or are seeing a larger pullback in demand are starting to show some signs of elevated supply.

The North East district has seen the largest pullback in resale sales activity combined with some of the highest gains in new listings. This has driven the sales-to-new listings ratio down to 41 per cent and the months of supply was nearly four months in May. This is causing prices to ease in the North East, offsetting some of the gains reported in the City Centre, West, and North West districts. City-wide the unadjusted benchmark price in May was $769,400, similar to last month, one percent higher than last May, and still above last year’s seasonal peak price.  

Semi-Detached

The 428 new listings in May were met with 256 sales, causing the sales-to-new-listings ratio to rise to 60 per cent this month. This slowed the pace of inventory growth and the months of supply remained just above two months.  Semi-detached homes continue to remain less than 10 per cent of all sales and inventory levels in the city.

This in part is due to construction patterns shifting toward more row style properties over semi-detached, and is one of the reasons we do not see the same inventory build as row and apartment style homes. 

Like the detached market there is significant variation within the city districts. The North East has the highest months of supply at nearly three months and is reporting some price declines, while the tightest conditions are in the North West, where prices continue to rise. Overall, generally tighter conditions are still supporting price gains for semi-detached properties. In April the unadjusted benchmark price was $697,300, a monthly gain of less than one per cent, nearly three per cent higher than last year’s levels and above last year’s seasonal peak.

Row

Row home sales have eased over last year’s near record high pace but stayed well above long-term trends.  However, the gain in new listings has continued to cause further inventory gains. For the second month in a row, inventory levels were over 1,000 units; we have not seen this much inventory for row units since 2021.

While inventory levels have improved across all districts, we are starting to see higher months of supply in the North East district at 3.5 months, resulting in some downward pressure on prices. The North, North West and South areas have also reported higher year-over-year pullbacks in resale prices, as improved supply choice for new properties are impacting resale activity. Overall, the benchmark price in May was $453,600, down over last month, nearly two per cent below last May, and lower than last year’s seasonal high.  
 

Apartment Condominium

Sales this month totaled 579 units, a significant decline over last May’s record high of 907 units. While new listings were lower than levels reported last year, they remained high compared to sales, causing the sales-to-new listings ratio to drop to 47% this month. This contributed to further inventory gains and drove the months of supply up to 3.6 months.

High levels of apartment rental units under construction are adding to the rental supply and contributing to rent adjustments. This is likely slowing condo ownership demand coming from existing renters and potential investors, contributing to some of the shifts witnessed in the apartment condominium sector. 

More supply choice is also weighing on condominium prices. In May the benchmark price eased to $335,300, down from last month and over one per cent lower than last year. The steepest declines are occurring in the North East and South East districts, where competition from the new home market is weighing on resale pricing. While prices have eased and are below peak levels, recent declines have not offset the double-digit gains reported over the past two years.

REGIONAL MARKET FACTS

Airdrie

While improving over last month, May sales eased compared to last year, contributing to the year-to-date decline of 10 per cent. However, the 772 sales so far this year are consistent with long-term trends in Airdrie. At the same time new listings continue to rise causing the sales-to-new listings ratio to fall to 58 per cent, still well within balanced conditions, but a significant change from the over 90 per cent ratio reported last year. Recent shifts in sales and new listings have supported gains in inventory levels.

In May there were 468 units in inventory, reflecting the highest May reported since prior to the pandemic. The shift in supply is in part related to the surge in new construction providing more options for potential consumers. Additional supply choice is impacting price growth.  The total residential benchmark price was $540,600 in May, down nearly one per cent over last month and nearly two per cent below last year’s levels.

Cochrane

Sales in Cochrane were fairly resilient until this month, where sales were 17 per cent slower than last year. The decline was enough to cause year-to-date sales to ease to levels just below those reported last year.  At the same time, this month new listings surged, driving the sales-to-new listings ratio down to 55 per cent and supporting further inventory gains.  With 293 units available in May, levels are more consistent with long-term trends. The months of supply neared three months in May and while this did slow the pace of price growth, the total residential benchmark price of $589,400 is still nearly four per cent higher than last May.

Okotoks

A boost in new listings this month supported a surge in sales activity. However, with a sales-to-new-listings ratio of 74%, inventory levels did not change much over last month and the months of supply once again dropped below two months. Okotoks has struggled to add supply at the pace reported in Calgary, Cochrane and Airdrie and sales growth has been dampened by limited supply choice.

While there have been some improvements in inventory levels, as of May levels remained nearly 28 per cent below long-term trends for the city.  The limited supply choice given the relatively strong demand has continue to support some price growth in the town. As of May the unadjusted benchmark price was $633,900, up over last month and over two per cent higher than last year. 

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

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

In May 2025, Auburn Bay experienced a noticeable slowdown in sales volume but a sharp increase in listings and inventory. This shift has begun to push the market toward more balanced conditions, especially in the apartment and detached segments.

• Total Sales: 41 (▼20% YoY)

• New Listings: 89 (▲27% YoY)

• Total Inventory: 102 (▲149% YoY)

• Months of Supply: 2.49 (▲209% YoY)

• Benchmark Residential Price: $628,800 (▼3.7% YoY)

🏠 Performance by Property Type

🔹 Detached Homes

• Sales: 18 units (▼25% YoY)

• New Listings: 46 (▲15%)

• Benchmark Price: $814,400 (▼1% YoY, slight monthly uptick)

• Months of Supply: 2.56 (up 145% YoY)

• Sales-to-Listings Ratio: 39% → Buyer's market pressure

• Market Trend: Slower sales, rising inventory; sellers must be price competitive and property-ready.

🔹 Semi-Detached Homes

• Sales: 4 units (▼33% YoY)

• Benchmark Price: $531,600 (Flat YoY)

• New Listings: 7 (▲17%)

• Months of Supply: 1.5 (▲350%)

• Sales-to-Listings Ratio: 57%

• Market Trend: Limited inventory but sluggish buyer activity. A stable price environment, but fewer active sales.

🔹 Row Homes (Townhouses)

• Sales: 9 units (▲50% YoY)

• Benchmark Price: $472,000 (No YoY change)

• New Listings: 9 (▲13%)

• Sales-to-Listings Ratio: 100% → Balanced/Strong market

• Months of Supply: 1.78 (▲113%)

• Market Trend: Solid demand keeps this segment competitive; popular among downsizers and young families.

🔹 Apartments

• Sales: 10 units (▼33% YoY)

• Benchmark Price: $363,800 (▼5% YoY)

• New Listings: 27 (▲69%)

• Months of Supply: 3.4 (▲467%)

• Sales-to-Listings Ratio: 37%

• Market Trend: High inventory levels and price softness signal strong buyer leverage.

🏫 Schools in Auburn Bay

Auburn Bay is a family-oriented lake community with access to excellent schools:

• Auburn Bay School (K–4) – Calgary Board of Education

• Prince of Peace School (K–9) – Calgary Catholic School District

• Lakeshore School (Grades 5–9) – Opened recently to serve the growing SE population

Nearby schools in Mahogany and Seton also support Auburn Bay families, offering options for French immersion and high school programs.

🌟 Community Features & Events

Auburn Bay is designed around a 43-acre freshwater lake, making it one of Calgary’s premier four-season lifestyle communities. Key features include:

• Auburn House – The private lake-access community center with gym, rental halls, skating rinks, paddleboats, and beach access.

• Auburn Bay Dog Park – A large off-leash area for pet owners.

• Seton Urban District – Within minutes, offering the South Health Campus, YMCA, Cineplex, shopping, and dining.

• Pathway Connections – Interwoven green spaces, bike trails, and parks make it an active living hub.

• Neighbour Day BBQ (June 15): Family event with food trucks and music.

📌 Key Insights for Buyers & Sellers

✅ For Buyers:

• Detached and apartment buyers have strong negotiating power due to rising inventory.

• Row homes offer solid value and competition is stronger; act quickly when new listings hit.

• Get pre-approved and work with a local expert to stay ahead of pricing shifts.

✅ For Sellers:

• Price competitively and prepare for more Days on Market in most segments.

• Highlight Auburn Bay lifestyle features (lake access, schools, walkability).

• Focus on condition, staging, and professional marketing to stand out.

The Auburn Bay market in May 2025 is shifting toward balance, with increased inventory and slower sales in most segments. However, demand for affordable, lifestyle-oriented housing such as row homes remains strong. Sellers need to be strategic, and buyers have emerging opportunities — particularly in detached and apartment categories.