Is now a good time to sell your Calgary condo or apartment? If you’ve been on the fence about listing, the latest market stats from May 2025 paint a complicated picture, and depending on where your property is located, waiting might actually cost you.
Calgary Condo Market Trends in 2025
While the overall Calgary real estate market is showing signs of cooling and moving toward balance, the apartment sector is facing some real challenges:
- Apartment sales dropped 36% year-over-year
- Inventory levels jumped 88% to over 2,000 active listings
- Months of supply rose 193% to 3.6, the highest among all housing types
- Benchmark price slipped to $335,300, down more than 1.5% from last May
The reason? A flood of new purpose built rental buildings and brand new condos are adding supply faster than demand can keep up. This is especially true in areas like North East Calgary and South East Calgary, where competition is strongest and prices are declining the most.
Best and Worst Areas to Sell a Condo in Calgary
Some parts of Calgary are holding up better than others in today’s condo market.
Areas doing well:
- North West & West Calgary – Modest price gains and low inventory mean stronger demand.
- City Centre & South Calgary – More stable activity, especially for well located, updated units.
Areas struggling:
- North East & South East – Prices down over 4%, with high supply and slower sales.
- North & East Calgary – Falling prices and weaker demand make it tougher for sellers.
If your condo is in a strong area or has features like a view, underground parking, or low condo fees, you might still get a good result. But overall, most sellers are facing more competition and softer prices than earlier this year.
Short Term Outlook for Condo Sellers in Calgary
If you’re hoping for a rebound in prices in the next few months, you may be disappointed. With supply outpacing demand and rental stock continuing to grow, resale condo values are likely to remain soft for the rest of the year.
- Sales-to-new-listings ratio is down to 47%, indicating buyer hesitation and seller competition
- Days on market jumped to 22 to 41 days, nearly double what we saw a year ago
That means more listings, fewer showings, and buyers who are expecting a deal.
Long Term Value of Holding a Condo in Calgary
Despite the short term headwinds, holding real estate in Canada has historically been a solid long term investment. Population growth, immigration, and strong rental demand continue to support the fundamentals over the long haul.
But if your timeline is short, maybe you’re relocating, upgrading, or cashing out, now might be the time to make your move, especially before further downward price pressure builds
What to Do if You’re Thinking About Selling Your Condo
If you own a condo or apartment in Calgary and are unsure whether now is the right time to sell, let’s chat. I’ll give you an honest, no pressure evaluation based on:
- Your specific building and location
- Current comparable listings and sales
- Real time buyer activity and showing data
How to Get Help or Learn More
- 📞 Call/Text: (403) 471-4212
- 📧 Email: ryan@ryangillard.ca
- 📈 Request a Home Evaluation
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- 🗂 Seller’s Guide
- 🗂 Relocation Guide
- 🏡 View Homes in Calgary