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September CREB Housing Stats

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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Posted in Rural Mountain View County, Rural Mountain View County Real Estate
Open House. Open House on Sunday, October 5, 2025 2:00PM - 4:00PM

Please visit our Open House at 27403 Township Road 292 in Rural Mountain View County. See details here

Open House on Sunday, October 5, 2025 2:00PM - 4:00PM

*OPEN HOUSE SUNDAY OCT 5th, 2-4PM* Tucked away among mature trees, this beautifully maintained acreage offers the perfect blend of privacy, space & convenience, just 37 mins to Calgary Airport, 26 mins to Airdrie, under 50 mins to downtown Calgary & 17 mins to Crossfield. This sprawling bungalow on 5.56 acres has over 6,300 sq ft of living space (3,237 sq ft up + 3,126 sq ft down), making it an incredible opportunity for large families or multi-generational living, with solid bones & endless potential to personalize. Inside you’ll find 5 bedrooms up(one can be an office or flex space) & 2 down, 3.5 bathrooms up & 1 full bath down, vaulted wood ceilings throughout the main level, a large kitchen overlooking the breakfast nook, a massive family room with stone faced wood burning fireplace, & patio doors leading to a private concrete patio, a bright living room also with stone faced wood burning fireplace & formal dining area, & a main-floor laundry room with sink & cabinetry for convenience off the back entry & garage. The fully finished basement is designed for entertaining & flexible living, featuring a huge rec/family room with another stone wood-burning fireplace & adjacent wet bar, 2 bedrooms, full bathroom, cold room, kitchenette, additional living/games room, flex space & a large storage area, plus stairs to access to the garage directly. Outside, the property impresses with a 72x40 heated, insulated Quonset with concrete floor, a 40x30 detached garage & a 24x24 attached garage, along with a huge garden area perfect for growing your own food & room for animals or recreation. Additional highlights include newer shingles & 2 zoned boilers with thermostats throughout the home for efficient comfort. This acreage is the perfect place to raise a family, create your dream hobby farm, or simply enjoy the serenity of country living with quick access to nearby communities & city amenities.

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FOR SALE! Mountain View County

https://peshketeam.com/.../listing.a2260081-27403...

https://www.youtube.com/watch?v=TASV58PKZuE

https://youriguide.com/27403_township_rd_292_crossfield_ab

27403 Twp Rd 292, Mountain View County

$1,199,900 MLS A2260081

5.56 Acres

Fully Developed 3,237 Sq Ft Bungalow

7 Bedrooms

4.5 Bathrooms

Dbl Attached Garage & Oversized Detached (40'2" X 30'5") Garage

Quonset (72' X 40')

Call/message us for more details: 403-681-0319

Tucked away among mature trees, this beautifully maintained acreage offers the perfect blend of privacy, space & convenience, just 37 mins to Calgary Airport, 26 mins to Airdrie, under 50 mins to downtown Calgary & 17 mins to Crossfield. This sprawling bungalow on 5.56 acres has over 6,300 sq ft of living space (3,237 sq ft up + 3,126 sq ft down), making it an incredible opportunity for large families or multi-generational living, with solid bones & endless potential to personalize. Inside you’ll find 5 bedrooms up(one can be an office or flex space) & 2 down, 3.5 bathrooms up & 1 full bath down, vaulted wood ceilings throughout the main level, a large kitchen overlooking the breakfast nook, a massive family room with stone faced wood burning fireplace, & patio doors leading to a private concrete patio, a bright living room also with stone faced wood burning fireplace & formal dining area, & a main-floor laundry room with sink & cabinetry for convenience off the back entry & garage. The fully finished basement is designed for entertaining & flexible living, featuring a huge rec/family room with another stone wood-burning fireplace & adjacent wet bar, 2 bedrooms, full bathroom, cold room, kitchenette, additional living/games room, flex space & a large storage area, plus stairs to access to the garage directly. Outside, the property impresses with a 72x40 heated, insulated Quonset with concrete floor, a 40x30 detached garage & a 24x24 attached garage, along with a huge garden area perfect for growing your own food & room for animals or recreation. Additional highlights include newer shingles & 2 zoned boilers with thermostats throughout the home for efficient comfort. This acreage is the perfect place to raise a family, create your dream hobby farm, or simply enjoy the serenity of country living with quick access to nearby communities & city amenities.

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SOLD! Mayland Heights

Congratulations to our amazing client on the sale of her home!

Selling a home is never just about a property — it’s about closing one chapter & making space for the next.

We’re so grateful to have been part of this journey & can’t wait to see all the wonderful things to come!

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COMING SOON! 27403 Twp Rd 292, Mountain View County

$1,199,900

5.56 Acres

Fully Developed 3,237 Sq Ft Bungalow

7 Bedrooms

4.5 Bathrooms

Dbl Attached Garage & Oversized Detached (40'2" X 30'5") Garage

Quonset (72' X 40')

Call/message us for more details: 403-681-0319

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Congratulations!

Congratulations to our sellers on the sale of their lot & congrats to our buyers on their purchase! We can't wait to see what they build!

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HOT NEW PRICE!

https://peshketeam.com/.../listing.a2244594-4-218-village...

https://www.youtube.com/watch?v=AnMAe8jnJbo

https://youriguide.com/4_218_village_terrace_sw_calgary_ab

$299,900 MLS A2244594

Indoor Pool w/ Hot Tub, Gym, Racquet Courts, Amenities Room

Stunning Views Of Calgary w/ Bright & Open Floor Plan

2 Bed

2 Bath

Heated Underground Parking Stall & Large Storage

Call/message us for more details: 403-681-0319

Welcome to The News at Patterson Heights – where comfort, convenience & city views come together. This 2-bedroom, 2-bathroom condo offers 854 sq. ft. of stylish living space in one of Calgary’s most desirable west-side communities with views on your balcony of downtown Calgary. This home features a bright & open floor plan with large windows that fill the space with natural light throughout. A welcoming living, kitchen & dining area centers around a cozy wood-burning fireplace, perfect for chilly evenings or entertaining guests. The modern kitchen is equipped with granite countertops, stainless steel appliances & an island with seating & added bonus of extra storage. Step outside to your private balcony—ideal for morning coffee or evening relaxation. You'll find 2 generous bedrooms with city views, including a primary suite with 3-piece ensuite & a full 4-piece main bathroom. As a resident of The News, enjoy 1 assigned underground, heated parking stall steps from your home + a large assigned storage room also just steps away. The fantastic amenities include an indoor pool, fitness center, amenity room & tennis courts. With easy access to downtown, the river, transit, parks, shopping & pathways, this location offers an unbeatable lifestyle. Don’t miss your chance to own in this highly sought-after complex—book your private showing today! Check out the Video & click on the 3D tour!

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BOC Lowers Policy Rate!

*Article courtesy of The Bank of Canada

The Bank of Canada today reduced its target for the overnight rate by 25 basis points to 2.5%, with the Bank Rate at 2.75% and the deposit rate at 2.45%.

After remaining resilient to sharply higher US tariffs and ongoing uncertainty, global economic growth is showing signs of slowing. In the United States, business investment has been strong but consumers are cautious and employment gains have slowed. US inflation has picked up in recent months as businesses appear to be passing on some tariff costs to consumer prices. Growth in the euro area has moderated as US tariffs affect trade. China’s economy held up in the first half of the year but growth appears to be softening as investment weakens. Global oil prices are close to their levels assumed in the July Monetary Policy Report (MPR). Financial conditions have eased further, with higher equity prices and lower bond yields. Canada’s exchange rate has been stable relative to the US dollar.

Canada’s GDP declined by about 1½% in the second quarter, as expected, with tariffs and trade uncertainty weighing heavily on economic activity. Exports fell by 27% in the second quarter, a sharp reversal from first-quarter gains when companies were rushing orders to get ahead of tariffs. Business investment also declined in the second quarter. Consumption and housing activity both grew at a healthy pace. In the months ahead, slow population growth and the weakness in the labour market will likely weigh on household spending.

Employment has declined in the past two months since the Bank’s July MPR was published. Job losses have largely been concentrated in trade-sensitive sectors, while employment growth in the rest of the economy has slowed, reflecting weak hiring intentions. The unemployment rate has moved up since March, hitting 7.1% in August, and wage growth has continued to ease.

CPI inflation was 1.9% in August, the same as at the time of the July MPR. Excluding taxes, inflation was 2.4%. Preferred measures of core inflation have been around 3% in recent months, but on a monthly basis the upward momentum seen earlier this year has dissipated. A broader range of indicators, including alternative measures of core inflation and the distribution of price changes across CPI components, continue to suggest underlying inflation is running around 2½%. The federal government’s recent decision to remove most retaliatory tariffs on imported goods from the US will mean less upward pressure on the prices of these goods going forward.

With a weaker economy and less upside risk to inflation, Governing Council judged that a reduction in the policy rate was appropriate to better balance the risks. Looking ahead, the disruptive effects of shifts in trade will continue to add costs even as they weigh on economic activity. Governing Council is proceeding carefully, with particular attention to the risks and uncertainties. Governing Council will be assessing how exports evolve in the face of US tariffs and changing trade relationships; how much this spills over into business investment, employment, and household spending; how the cost effects of trade disruptions and reconfigured supply chains are passed on to consumer prices; and how inflation expectations evolve. 

The Bank is focused on ensuring that Canadians continue to have confidence in price stability through this period of global upheaval. We will support economic growth while ensuring inflation remains well controlled.

Information note

The next scheduled date for announcing the overnight rate target is October 29, 2025. The Bank’s October Monetary Policy Report will be released at the same time.

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SOLD! Beltline, Calgary

Congratulations to our wonderful client on the successful sale of her home!

It’s been such a pleasure helping you through the process & we’re excited to see what new opportunities and adventures come next.

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Congratulations To Our Clients!

A big congratulations to our amazing clients on the sale of their home!

This was a longer journey, & we know there were moments of worry along the way — but your patience & trust paid off. Wishing you all the best as you begin this exciting new chapter & adventure ahead. We’re so grateful to have been part of your journey!

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JUST LISTED!!

https://peshketeam.com/.../listing.a2249046-24-calterra...

$575,000 MLS A2249046

Your Dream Home Awaits!

Call/message us for more details: 403-681-0319

Build your dream home just steps from Calgary. This newly created 2-acre lot offers the perfect blend of country living and city convenience — only 1 minute from the Calgary city limits with quick access to Airdrie, CrossIron Mills, and the Calgary Airport. The property is sloped for a future walkout design and features stunning views of both the Rocky Mountains and downtown Calgary. Rocky View Water Co-op membership and curb stop are included, with electricity and natural gas at the rear property line (hookup costs not included). The approach will be installed and paid for by the seller. Work with your preferred builder or hold for the future. GST is included in the purchase price.

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Posted in Mayland Heights, Calgary Real Estate
Open House. Open House on Sunday, September 7, 2025 2:00PM - 4:00PM

Please visit our Open House at 935 Mayland DRIVE NE in Calgary. See details here

Open House on Sunday, September 7, 2025 2:00PM - 4:00PM

* OPEN HOUSE! SUNDAY, SEPT 7TH 2-4PM * Situated in one of the city’s most sought-after & rarely available neighborhoods, this hidden gem combines city convenience with natural beauty—just mins from downtown. This charming home offers stunning city & mountain views, best enjoyed from the bright sunroom, where large windows frame both sunrises & sunsets. Inside, you’ll find beautiful hardwood floors, a wood-burning fireplace & spacious, light-filled rooms. The main floor features 3 bedrooms & a 5-piece bathroom, while the lower level includes an additional bedroom, a den/office, a family room, a bonus room & a 3-piece bathroom—providing flexibility for guests, a home office, or extra living space. A double detached garage offers ample parking, along with a versatile upper-level workshop or studio(21'0" X 18'9")—ideal for hobbies, creative projects, or additional storage. The backyard is landscaped with a lower garden area well-suited for raised beds & urban gardening. Wide, quiet streets, plentiful parking & paved alleys add to the property’s appeal. Families will appreciate the walking-distance proximity to both elementary & junior high schools. Lovingly maintained by the same family for over 30 years, this property is ready for new owners to make it their own. Discover the unique opportunity this home offers—schedule your viewing today.

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Categories:   Airdrie, Airdrie Real Estate | Mayland Heights, Calgary Real Estate | McKenzie Towne, Calgary Real Estate | Rural Mountain View County, Rural Mountain View County Real Estate | Rural Rocky View County, Rural Rocky View County Real Estate
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