Trying to sell a condo in Calgary in 2025? You’re not alone and you’re probably frustrated. Condo sales are down, listings are up, and many units are sitting on the market for weeks or even months without offers. If you’re wondering what’s going on, this post will walk you through the reasons behind the slowdown, and what you can do about it if you’re planning to sell.
Prefer to watch my full video on this topic? Check it out here!
Why There Are So Many Condos for Sale in Calgary Right Now
Right now, the number of condos for sale in Calgary is significantly higher than it was just a year ago. According to the Calgary Real Estate Board, the city had over 2,000 active condo listings in May 2025, nearly double what was on the market at the same time last year.
And it’s not just resale units. Calgary’s city wide rezoning bylaw came into effect in August 2024, making it easier to build multi-family housing like townhouses and low-rise condos on lots that used to be zoned only for single-family homes. As a result, developers rushed to apply for permits. In the first quarter of 2025 alone, permit applications for rowhouses and townhomes jumped 271%. These projects are now under construction and will be hitting the market soon, adding even more competition for existing condo listings.
In plain terms: if you’re selling a condo, you’re competing against a wave of new homes being built across the city.
How Calgary’s New Rental Developments Are Hurting Condo Sales
Another factor affecting the resale condo market is the surge in new rental buildings. With thousands of purpose-built rental units under construction, renters have more choices than ever. Many are opting for brand new rental apartments instead of buying older resale condos that can come with high condo fees and special assessments.
This increase in rental supply is also causing rent prices to soften. As rents decline, the appeal of buying a condo as an investment drops, further reducing the buyer pool.
Are Condo Prices in Calgary Dropping in 2025?
The benchmark price for condos in Calgary dropped to $335,300 in May 2025, down 1.5% from last year. In neighbourhoods like the northeast and southeast, prices are down over 4%. Some sellers are reducing their asking prices by $15,000 to $25,000 just to attract offers.
While that might not seem like a massive drop, it signals a shift in market dynamics. Buyers know they have options, and they’re negotiating harder.
Why Condo Investors Are Backing Off in Calgary
With higher interest rates and lower rent yields, many investors are pulling back from the condo market. And that matters because investors made up a large portion of condo buyers in Calgary in previous years. Now, with fewer of them making offers, condos are taking longer to sell.
Why Buyers Are Avoiding Calgary Condos Right Now
There’s also a psychological factor at play. With so much talk of tariff, recession, rezoning, falling prices, and rising inventory, many would be buyers are waiting to see what happens next. They’re hoping prices might fall further, or that mortgage rates will come down. In the meantime, they’re not making offers.
Do Condos in Calgary Still Have a Bad Reputation?
Lastly, condos in Calgary have struggled with reputation issues. Some buyers worry about condo boards, special assessments, and poor appreciation. Online forums are full of stories from frustrated owners and buyers. Whether fair or not, this sentiment lingers and makes selling tougher than it should be.
How to Sell a Condo in Calgary When the Market Is Slowing Down
If you’re planning to sell your condo, here are a few steps that can make a big difference:
- Price strategically based on comparable recent sales, price where the market is going – not old peak values
- Stage the property to compete with new builds
- Keep an eye on the market and what’s selling and expiring/terminating
- Highlight advantages like location, amenities, and lower fees compared to new construction
- Work with a real estate agent who understands how to market condos effectively in this environment
This isn’t the easiest time to sell a condo in Calgary, but the right pricing, marketing, and strategy can still lead to a successful sale.
Need Help Selling Your Condo in Calgary? Let’s Chat
Selling in a slow condo market requires a smart approach. If you want honest advice and a customized plan to help your condo stand out, I can help.
- Request a free home evaluation
- Download my Seller’s Guide
- Contact me directly for a no-pressure consultation
You don’t have to guess your way through the process. Let’s work together to get your condo sold!