Are you wondering why apartments and row homes in Calgary seem to be facing the steepest price declines in 2025? With more supply hitting the market and economic uncertainty weighing on buyers, many homeowners and investors are asking what this means for their property values.
Having helped hundreds of Calgary buyers and sellers through both hot and cold markets, I’ve seen first hand how shifts in inventory and demand impact different property types. Right now, apartments and row homes are under the most pressure, and understanding why can help you make smarter decisions.
Calgary Real Estate Overview
The Calgary housing market is shifting in 2025. After years of tight supply, inventory has jumped to over 6,900 active listings, nearly double last year’s levels. Months of supply have also risen to 3.3, which means conditions are far more balanced compared to the extreme seller’s market of 2022 and 2023.
While detached homes remain relatively stable, apartments have seen prices drop nearly 5 percent compared to last year, and row homes are down about 4 percent. These are the segments where supply has grown the fastest, particularly in the North East and North districts where new communities are adding significant density.
Why Apartments and Row Homes Are Under Pressure
Apartments and row homes are more vulnerable to shifts in supply because they often compete directly with new construction and rental properties. The Spring 2025 update from CREB highlighted that a record number of high density units are being built, most of them geared toward the rental market.
When renters have more choices, demand for resale condos weakens. At the same time, investors who previously bought rental units are facing lower returns due to higher vacancies and falling rental rates. For row homes, the challenge is competition in newer suburban communities where buyers can choose between resale or brand new units at similar prices.
Key Considerations for Buyers and Sellers
Buyers: Is This an Opportunity?
If you are a first time buyer or investor, softer pricing in the apartment and row home market can work in your favour. With more listings and longer days on market, buyers have more negotiating power.
Sellers: How to Stay Competitive
For sellers, strategy matters. Pricing slightly ahead of the market, professional staging, and standout marketing are critical. With more competition, buyers are choosier and properties that present well move faster.
Local Factors and Neighbourhood Insights
Detached and semi detached homes remain relatively stable, with the City Centre, North West, and West districts showing the most resilience.
Apartments and row homes, however, are under heavier pressure. Condo prices are down nearly five per cent year over year, especially in the North East, East, and South East, where supply is highest. Row homes face similar challenges, with inventory more than doubling and prices down almost four per cent.
Buyers looking for affordability are finding more options in these segments, but sellers are contending with tougher conditions than in the detached market.
Common Mistakes to Avoid
One mistake sellers often make is assuming last year’s prices or former highs still apply. With apartment and row homes, overpricing leads to long days on market and eventual price reductions.
Ryan’s Pro Tip: Always review the most recent comparable sales in your specific building or community. Pricing data changes quickly, and working with a realtor who has up to date market stats can save you months of frustration.
Calgary Real Estate Market Insights
According to CREB’s July 2025 statistics, Calgary apartment prices averaged $329,600, nearly 5 percent lower than July 2024. Row homes averaged $446,200, down almost 4 percent year over year. Both property types saw sales slow by more than 10 percent while new listings rose, pushing months of supply to more than four months for apartments and over three months for row homes.
Pros and Cons for Buyers and Sellers
For buyers, the pros include lower prices, more choice, and less competition. The cons are that price declines may continue in the short term, so timing your purchase matters.
For sellers, the benefit is that prices are still well above pre-2020 levels, but the challenge is standing out in a crowded market. Strategic pricing and presentation are more important than ever.
How We Can Help
Whether you are buying your first condo, selling a row home, or considering an investment property, I can help you navigate Calgary’s shifting market. My approach combines detailed local data with proven marketing strategies to get you results.
If you are thinking about making a move, let’s talk about the best way to position your home or take advantage of current market conditions.
- 📞 Call/Text: (403) 471-4212
- 📧 Email: ryan@ryangillard.ca
- 📈 Request a Home Evaluation
- 🗂 Buyer’s Guide
- 🗂 Seller’s Guide
- 🗂 Relocation Guide
- 🏡 View Homes in Calgary