Looking ahead to 2025, many homebuyers and homeowners are wondering: Where is Calgary's housing market headed? At Axe Mortgage, we stay on top of the trends so we can better guide our clients with the right advice, great mortgage rates, and flexible solutions. Here's what to expect in the coming year — and how you can plan ahead.
The next housing update from CREA (Canadian Real Estate Association) is due March 17, 2025. We'll be keeping a close eye on developments—so stay tuned (and maybe grab a double-double) as we navigate the spring market.
After a strong performance in 2024, Calgary’s housing market is expected to remain resilient heading into 2025. While Canada’s overall market continues adjusting to interest rate changes, Calgary’s unique blend of affordability, employment growth, and population gains is helping it stand out.
Key trends to watch:
Moderate price growth expected, with single-family homes and townhouses seeing steady demand
Inventory levels remain tight, especially for affordable housing options
Interest rate stability or modest cuts may support renewed buyer confidence
Population growth and in-migration from other provinces continue to boost housing demand
According to the MLS® HPI Aggregate Composite Benchmark (not seasonally adjusted):
🏷️ The national average home price was $709,200 in January 2025
📈 That’s a 0.1% increase from December’s $705,600
📅 Year-over-year, prices are up 0.5%
🔻 Still 17.1% below the peak of $855,800 seen in March 2022
This modest month-over-month increase signals cautious optimism but reflects a market that is still recalibrating from past volatility.
While interest rates rose in 2023 and held steady through much of 2024, there's growing speculation that the Bank of Canada may reduce rates slightly in 2025. Even modest cuts could improve affordability and bring more buyers back into the market.
At Axe Mortgage, we help clients navigate rate changes by:
Locking in pre-approvals before rates shift
Offering access to both fixed and variable rate options
Finding mortgage solutions that work in any market condition
Let’s plan your next step in 2025. Contact Axe Mortgage today to get started!
Buyers: With limited inventory and stable prices, it’s smart to get pre-approved early and be ready to act fast. Working with a mortgage broker like Axe ensures you’re not just rate shopping, but also getting the right mortgage product with the lowest rate available.
Sellers: Expect continued interest, especially in well-priced, move-in-ready homes. Calgary’s market remains competitive, and listing in 2025 could be an opportunity to leverage ongoing buyer demand.
Yes, but moderately. Most forecasts predict low-to-mid single-digit price increases for Calgary real estate in 2025. Calgary continues to offer greater affordability compared to larger markets like Vancouver or Toronto, which helps attract first-time buyers and investors alike.
Expect demand to stay strong in:
Suburban communities offering more space for families
Entry-level homes and condos as affordability remains top-of-mind
✅ Population Growth – Calgary’s population is projected to grow significantly due to interprovincial migration.
✅ Economic Recovery – Job growth in energy, tech, and services continues to support housing demand.
✅ Affordability – Calgary remains one of the most affordable major cities in Canada.
✅ Urban Expansion – Suburbs and new developments continue to attract families and investors.
The 2025 Calgary housing market offers opportunity — especially when you're well-prepared. Whether you're a first-time buyer or refinancing an existing home, Axe Mortgage is here to help you make confident moves with:
✅ Expert advice based on the latest market trends
✅ Access to the lowest mortgage rates in Calgary
✅ Personalized mortgage strategies that align with your goals
Ready to move forward? Let’s make your 2025 mortgage plan a smart one.
Looking ahead to 2025, many homebuyers and homeowners are wondering: Where is Calgary's housing market headed? At Axe Mortgage, we stay on top of the trends so we can better guide our clients with the right advice, great mortgage rates, and flexible solutions. Here's what to expect in the coming year — and how you can plan ahead.
January 2025 started off with mixed signals for Canada’s housing market. While new listings jumped by double digits, sales declined sharply in the final week of the month, pulling overall activity down.
Market watchers suggest that tariff threats from U.S. President Trump may have caused Canadians to hit pause on their home-buying plans.
📉 Home Sales: Fell 3.3% month-over-month (following a 5.8% drop in November)
🏘️ New Listings: Increased 11% in January (after a 1.7% dip in December)
📈 MLS® Home Price Index (HPI): Rose 0.5% from December (not seasonally adjusted)
Despite falling interest rates, market uncertainty is growing due to trade disruption and broader economic factors.
While national numbers show volatility, Calgary’s market has its own momentum. If you’re planning to buy in 2025:
Looking ahead to 2025, many homebuyers and homeowners are wondering: Where is Calgary's housing market headed? At Axe Mortgage, we stay on top of the trends so we can better guide our clients with the right advice, great mortgage rates, and flexible solutions. Here's what to expect in the coming year — and how you can plan ahead.
The next housing update from CREA (Canadian Real Estate Association) is due March 17, 2025. We'll be keeping a close eye on developments—so stay tuned (and maybe grab a double-double) as we navigate the spring market.
January 2025 started off with mixed signals for Canada’s housing market. While new listings jumped by double digits, sales declined sharply in the final week of the month, pulling overall activity down.
Market watchers suggest that tariff threats from U.S. President Trump may have caused Canadians to hit pause on their home-buying plans.
📉 Home Sales: Fell 3.3% month-over-month (following a 5.8% drop in November)
🏘️ New Listings: Increased 11% in January (after a 1.7% dip in December)
📈 MLS® Home Price Index (HPI): Rose 0.5% from December (not seasonally adjusted)
Despite falling interest rates, market uncertainty is growing due to trade disruption and broader economic factors.
Uncertain times call for expert mortgage guidance. Whether you're buying, renewing, or refinancing, Axe Mortgage is here to help you:
🔹 Understand market shifts
🔹 Find the best mortgage rates in Calgary
🔹 Make confident, informed decisions