Calgary home sales fall in November as inventory boost pushes prices down: board

An aerial view of housing is shown in Calgary on June 22, 2013. THE CANADIAN PRESS/Jonathan Hayward (Jonathan Hayward)

Home sales in the City of Calgary were 13.4 per cent lower in November compared with the same month last year as prices also decreased again.

The Calgary Real Estate Board says 1,553 homes sold last month, as the city’s residential benchmark price decreased 4.6 per cent year-over-year to $559,000.

There were 2,251 new listings on the market in November, down 3.3 per cent from a year earlier.

But the city’s inventory grew 28.2 per cent to 5,581 homes for sale, around 15 per cent higher than typical levels for the month.

The board’s chief economist Ann-Marie Lurie says elevated inventory levels are partially related to additional supply, mostly in higher-density housing units.

That showed up in prices for apartment and row-style homes, which saw year-over-year price decreases of seven and six per cent, respectively, while detached home prices are down two per cent compared with November 2024.

This report by The Canadian Press was first published Dec. 1, 2025.