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What if the market drop we’ve seen so far… is just the beginning? That’s the question a lot of people in Calgary real estate are asking right now, and the answer isn’t as simple as the headlines make it seem. Because here’s the truth: the news often gives you one version of the story, but when you dig into the real numbers, you’ll see another. And if you’re basing your decision to buy or sell a home on the wrong story, you could buy too soon, sell too late, and watch thousands of dollars disappear. Even here in Calgary, not every market segment is moving in the same direction. You might think you’re getting a deal… when in reality, you could be walking straight into the next price drop. This blog will break down the July 2025 market stats, economic trends, and what it all means for Calgary buyers, sellers, and investors. The Bigger Economic Picture – Why It Matters for Calgary Real Estate Before we zoom in on Calgary’s market, we have to talk about what’s happening across Canada. These big-picture trends are shaping the decisions buyers and sellers make, and they’re creating ripples in our local market. In July, Canada lost 41,000 jobs , and nearly all of that came from full-time positions (-51,000). This is a sharp reversal from June, when the country gained 83,000 jobs. Since January, overall employment has barely moved. Employment rate dropped to 60.7% Unemployment rate held at 6.9%, the highest in 2025 so far Youth employment (ages 15–24) fell sharply, with 34,000 jobs lost Youth unemployment jumped to 14.6%, the highest since 2010 Culture and recreation lost 29,000 jobs, and construction, a key real estate driver — shed 22,000 jobs Long-term unemployment hit 23.8%, the highest share since 1998 Alberta: The Province Hit Hardest Alberta took the biggest employment hit in the country in July. 17,000 jobs lost in a single month, more than any other province Employment dropped 0.6%, the sharpest decline nationwide Unemployment rate rose to 7.8% (up 1% in one month, the largest jump anywhere in Canada) For context: BC lost 16,000 jobs, but unemployment rose only to 5.9% Ontario’s unemployment is now 7.9%, Toronto’s is 9%, but their increases were more gradual Adding to the uncertainty, Canada failed to secure a new tariff deal with the U.S. by August 1st, leaving a 35% tariff on goods not covered by the USMCA/CUSMA trade agreement. While Ontario and Quebec, political strongholds for the federal government, are bearing the brunt of this, Alberta still feels the pressure. National Trends with Local Impact The manufacturing and services sectors are still in contraction territory. Inflation remains sticky, GDP growth has slowed sharply, and high interest rates are squeezing both businesses and consumers. The Bank of Canada held its overnight rate at 2.75% in July. That decision, while keeping mortgage rates stable for now, reflects the uncertainty in the economy. The takeaway? It’s a challenging moment, but Alberta has weathered worse. We still hold key advantages in affordability, population growth, and natural resources. Calgary Real Estate – The Numbers Behind the Headlines Here’s where we bust one of the biggest myths: there is no single “Calgary real estate market.” We have multiple sub-markets moving in different directions. If you read “prices are down in Calgary” in the news, that doesn’t mean every home type or every quadrant is falling in value. For example: detached homes in the City Centre and West Calgary are actually up year-over-year, while apartments and row homes are pulling the citywide average down. July 2025 Benchmark Prices : Detached: $761,800 → ↓ 0.8% year-over-year (essentially flat) Semi-detached: $697,500 → ↑ 1.4% Row homes: $446,200 → ↓ 3.9% Apartments: $329,600 → ↓ 4.8% Citywide: $582,900 → ↓ 3.9% Sales activity : 2,099 homes sold → down 11.6% year-over-year Sales-to-new-listings ratio: 53.67% (balanced market) Sales-to-list-price ratio: 98.03% — with 21% of buyers paying full price or more Inventory Levels – What’s Driving Supply In July, Calgary’s inventory sat at 6,917 units , the highest since before the pandemic. Most of this increase is in the detached market, which also has the highest sales activity. Detached home construction is up 6.2% year-over-year, while rental development is up nearly 40%. Apartment inventory is building faster than it’s selling, leading to sharper price declines in that segment. Months of Supply : Overall: 3.3 months → balanced market Apartments: at the edge of a buyer’s market Semi-detached & detached: just under 3 months (still leaning toward sellers) What This Means if You’re Buying or Selling in Calgary If you’re selling: You can’t price like it’s early 2023. Overpricing leads to stale listings and price cuts. Well-priced, well-prepared homes still move quickly, especially under $600K in certain areas. If you’re buying: More choice, especially in higher price ranges, but competition still exists in certain segments. Waiting for “the bottom” is risky — you only know it’s the bottom once prices start climbing again. Final Thoughts The drop we’ve seen so far in Calgary’s real estate market could continue in certain segments, but not across the board. The buyers and sellers who do best are those who look beyond the headlines, understand the data, and act strategically. If you want neighbourhood-specific stats or advice tailored to your situation, get in touch, I’m here to help you navigate this market with confidence.

There are several reasons why it can be beneficial to work with a real estate agent or Realtor when buying or selling a home: Expertise and knowledge: Realtors have extensive knowledge of the real estate market and are up-to-date on current trends and conditions. They can help you understand the process of buying or selling a home and navigate any challenges that may arise. Network and resources: Realtors have access to a network of professionals, such as mortgage lenders, home inspectors, and attorneys, who can help you with various aspects of the home buying or selling process. Marketing and advertising: Realtors have the resources and expertise to effectively market and advertise your home to potential buyers. They can help you set the right price, create marketing materials, and advertise your home to the right audience. Negotiation skills: Realtors are skilled negotiators and can help you get the best price for your home or find a home that meets your budget and needs. Time-saving: Buying or selling a home can be a complex and time-consuming process. A Realtor can handle many of the tasks and paperwork involved, freeing up your time to focus on other aspects of the process. Overall, working with a Realtor can provide you with valuable expertise, resources, and support throughout the home buying or selling process. If you're thinking about buying or selling a home and don't know where to start, that's what I'm here for. Please feel free to book a meeting with me here .

We’re at a tipping point in Calgary real estate right now. So if you're a seller , should you be nervous about waiting?And if you're a buyer , is this your golden window—or should you hold off just a little longer? Let’s unpack what’s really happening in the market and what it means for you. Alberta’s Economy: Still a National Leader Before diving into the Calgary housing stats, let’s take a quick look at the bigger picture. According to the TD Provincial Economic Forecast, Alberta posted one of the strongest GDP performances in Canada in 2024, and it's expected to outperform most other provinces again this year. Energy Drives the Growth With the Trans Mountain Pipeline Expansion now operational, Alberta is producing over 4 million barrels per day—close to record highs. About 85% of that oil is still flowing tariff-free to the U.S., and shipments to Asia are climbing too. Yes, there are headwinds: lower oil prices, a strong Canadian dollar, and geopolitical uncertainty. But if oil stays near TD’s forecasted $67 per barrel, Alberta's energy economy should remain stable. Construction and Healthcare Are Booming Job growth remains strong in construction, healthcare, and retail, helping support housing demand in Calgary. And even though Alberta’s population growth rate has slowed, we still added 20,562 people in Q1 2025—mostly from immigration and interprovincial migration (according to Stats Canada). That’s a major factor keeping our housing market resilient. Tax Relief for Albertans Starting January 2025, Alberta reduced the personal income tax rate from 10% to 8% on the first $60,000 of income. That’s a modest but meaningful change—up to $750 in annual savings, especially for lower- and middle-income earners. Interest Rates: Is This the Bottom? According to Canadian Mortgage Trends, RBC no longer expects the Bank of Canada to cut rates further this year. They now forecast that the overnight rate will hold at 2.75% through 2026. Their reasoning? Inflation is proving sticky, and trade uncertainty has eased—though I’d personally argue that hasn’t fully played out, especially with new tariff threats looming and limited government response so far. Still, RBC’s position aligns with Scotiabank, while TD and CIBC still expect one or two more small cuts this year. So if you're waiting for ultra-low borrowing costs… this might be as good as it gets for now. Calgary Construction: A Rental Boom Here’s something that hasn’t been talked about enough: Calgary is in the middle of a construction surge. According to the June 2025 Calgary Monthly Stats Package (CREB®): 8,888 housing starts have already been recorded this year 4,179 of those are purpose-built rentals That’s nearly half of all new construction. Builders are clearly responding to high rental demand and affordability pressures. Calgary Market Snapshot – June 2025 Now let’s get into the housing numbers. Sales Are Slowing 2,286 homes sold in June (↓16.5% YoY) Still in line with long-term seasonal averages, but definitely slowing Detached homes are holding steady Condos and row homes saw the biggest drop—especially under $500K Most sales occurred in the $500,000–$700,000 range, and those well-presented detached homes? Still moving, often fast. New Listings Are Climbing 4,223 new listings in June (↑11.2% YoY) Most of the increase is in higher price points (over $700K) Builders are releasing inventory, and resale sellers are re-entering Sellers: price correctly and prepare your home. Buyers have adjusted to the shift quicker than sellers have, which means underprepared or overpriced listings are sitting—and often selling for less. That said, nearly 13% of homes in June sold over list price, so there’s still competition for the right product. Inventory: Highest Since 2021 6,941 active listings (↑83% YoY) A small increase from May, but a major year-over-year jump This is the highest June inventory since 2021 Keep in mind: inventory typically peaks mid-year, so we’ll be watching to see if this is the top for 2025 Months of Supply: Balance Returns 3.04 months of supply (MoS) citywide Apartments: 3.97 MoS (approaching buyer’s market) Row homes: 3.35 MoS Detached: 2.6 MoS Semi-detached: 2.62 MoS We're officially in balanced market territory, though some areas and product types are still leaning seller. Are Prices Falling? Yes—but gradually. Citywide benchmark price: $586,200 (↓3.6% YoY, ↓$3,700 from last month) Let’s break it down: Apartments: $333,500 (↓3%) Row homes: $450,300 (↓3%) Detached homes: $764,300 (flat YoY, ↓$5,100 from last month) Semi-detached: $696,400 (↑2%) This is a correction, not a crash. To put it in context: June 2021: $458,300 June 2024: $608,000 June 2025: $586,200 Even with the recent dip, prices are still significantly higher than just a few years ago. So, What Should You Do? Sellers→ Don’t wait too long.→ Price ahead of the market—not behind it.→ The homes that sit are the homes that sell for less. Buyers→ If you're financially ready and find the right home, it’s okay to move forward.→ Trying to time the absolute bottom? That’s a gamble.→ Long-term ownership usually smooths out short-term fluctuations.→ Rent or own—either way, you're paying a mortgage. The question is: whose? Final Thoughts I know this market feels confusing. Inventory is up. Prices are down. But competition is still happening on the right properties. That's the nuance that doesn’t always come through in the headlines. So what do you think?Are prices going to fall more?Is this a blip, or the start of a longer correction? I’d love to hear your thoughts—drop them in the comments below, or reach out anytime if you want to talk strategy. 🎥 Prefer Video? Watch the Full Market Breakdown Here 👉 Watch July 2025 Calgary Real Estate Market Update And if you're considering buying but don't know where to start, check out my free Calgary Home Buyers Guide Thanks for reading—and I’ll see you next month with the next update!

Are you planning to buy a home? Whether you’re a first-time buyer or need a refresher, knowing the right steps can make all the difference. Buying a home is one of the biggest decisions you’ll ever make, and it’s easy to feel overwhelmed. But don’t worry—I’ve got you covered! Here are the top eight tips to ensure you don’t end up with regrets after purchasing your dream home. 1. Get a Mortgage Pre-Approval Before you start house hunting, know how much you can afford. Getting pre-approved for a mortgage gives you a clear budget and saves you from the heartbreak of falling in love with a home you can’t afford. Working with a mortgage broker is often the best route—they’ll shop around for the best rates and products, and they tend to be more invested in getting your deal done compared to traditional bank employees. Plus, having a pre-approval letter ready can give you an edge in a competitive market. 2. Consider All Costs, Not Just the Purchase Price The cost of buying a home goes far beyond the listing price. Don’t forget to account for: Closing costs Property taxes (pro-rated, depending on how the seller paid) Home insurance Utilities Maintenance and potential renovations Creating a detailed budget that includes these additional expenses will save you from any surprises later. 3. Know Your Market Real estate markets can vary dramatically by location. Some markets are fast-paced with bidding wars, while others move more slowly. Here in Calgary, for example, the market has been hot, requiring buyers to act quickly. Knowing the current market conditions will help you plan for: Short-notice home viewings How long you’ll have to consider an offer Pricing strategies for competitive bidding Your Realtor should provide detailed market stats and a comparative market analysis (CMA) when you find a property you like. 4. Work with a Reputable Real Estate Advisor A good real estate advisor is your greatest ally during this process. They’ll help you: Find homes that meet your criteria Negotiate the best price Navigate challenges that arise Choose someone with strong local knowledge and a track record of successful transactions. Most importantly, work with someone who respects your timeline—whether it takes one month or five years to find your perfect home, it’s your pace that matters. 5. Prioritize Your Needs Over Wants Dream homes are exciting, but focusing on your needs is crucial. Distinguish between: Non-negotiables like location, size, and proximity to work Nice-to-haves like high-end finishes or extra space Remember, you can change a home’s interior, but you can’t move it or expand its yard. Make sure your choice aligns with your long-term goals. 6. Don’t Skip the Inspection A home inspection is non-negotiable in most cases. It identifies potential issues that could cost you down the road. Even for new builds, an inspection can uncover problems you wouldn’t notice otherwise. For example, I once bought a new home (before becoming a licensed Realtor) and skipped the inspection. We later discovered missing insulation that caused major issues—something an inspector would have caught right away. The lesson? Always do your due diligence. 7. Be Prepared for Competition In high-demand markets with low inventory, competition is fierce. Bidding wars can drive up prices, and it’s easy to get caught up in the excitement. To avoid overextending yourself: Set a firm maximum budget Stay calm and focused on what the home is worth to you No one wants to be "house broke." Keep your finances in check to avoid future stress, especially if interest rates rise. 8. Be Patient—Don’t Rush Finally, and perhaps most importantly, don’t rush the process. Buying a home is a long-term commitment, so it’s better to wait for the right fit than settle for something that doesn’t meet your needs. Trust your instincts—if a deal doesn’t feel right, don’t be afraid to walk away. Let’s Talk About Your Next Move! Buying a home doesn’t have to be overwhelming. With the right preparation and guidance, you can make informed decisions that you’ll feel good about for years to come. If you’re planning to move or want to stay informed, check out the latest stats package from the Calgary Real Estate Board linked here . You can also find my Buyer and Seller Guides for more tips and insights. Have questions? Let’s chat! Book a call with me here . I’d love to help you on your home-buying journey. Happy house hunting! 🏡 Dawn Herron Maser, Realtor with Real Broker Helping you find your perfect home since 2015.

Inflation is a common economic phenomenon, where the general price level of goods and services rise over time. High inflation can make it difficult for people to save money, as the value of their savings is eroded. However, there are several ways to protect your savings from inflation and make your money work for you. 1. Invest in Inflation-Protected Securities: One of the best ways to protect your savings from inflation is to invest in inflation-protected securities. Treasury Inflation-Protected Securities (TIPS) are issued by the US government and are designed to protect against inflation. They provide a fixed rate of return, plus the rate of inflation, which means your investment grows at the same rate as the cost of living. 2. Consider Real Estate: Real estate is another option to consider when inflation is high. If you invest in rental property, you can earn a steady stream of income and benefit from the appreciation of the property over time. You can also invest in real estate through a real estate investment trust (REIT) which pools money from multiple investors to buy real estate properties. 3. Diversify Your Portfolio: Diversifying your investments is always a good idea, but it’s especially important during periods of high inflation. Consider investing in stocks, bonds, and other securities to balance your portfolio and protect against inflation. 4. Buy Necessities in Bulk: Another way to save money during high inflation is to buy necessities in bulk. This can help you reduce the cost per unit and take advantage of bulk discounts. Just make sure to buy items that have a long shelf life, so you don’t waste money on items that expire before you can use them. 5. Reduce Your Debt: Reducing your debt can also help you save money during high inflation. High-interest debt, such as credit card debt, can quickly eat away at your savings, so it’s important to pay it off as soon as possible. Consider paying off high-interest debt first and then focus on paying off your other debts. High inflation can be a challenge, but with a little creativity and planning, you can protect your savings and make your money work for you. By investing in inflation-protected securities, real estate, diversifying your portfolio, buying necessities in bulk, and reducing your debt, you can save money and secure your financial future.

It can be tempting to try to time the real estate market, especially if you have heard that prices are rising or falling in a particular area. However, timing the market is difficult, and there are no guarantees about the direction it will take. If you are considering purchasing a property as an investment, it's important to understand that real estate can be a long-term investment. Prices may fluctuate over time, and there is always a risk that you could lose money. It's important to do your own research and consider the risks before making any investment decisions. It's also worth noting that buying a home to live in is different from buying a home as an investment. If you are buying a home to live in, it's important to focus on finding a property that meets your needs and budget, rather than trying to time the market. It's always important to remember that homes prices are a lagging indicator and oftentimes we don't know the market has hit bottom until it starts to go back up again. Ultimately, the decision to buy or sell a property should be based on your own financial situation, long-term goals, and personal circumstances, rather than trying to predict what the market will do.

I Love Sharing Tips for Buying and Selling Real Estate! My name is Dawn Herron Maser and I am a Realtor with CIR Realty here in Calgary, AB. I have been licensed since 2015 and I absolutely love helping people buy or sell Real Estate. Growing up my father was in the military so we moved around a lot. I lived in Calgary as a kid from 1992-2000 and moved back on my own in 2010. I love this city! Proximity to the mountains, the sprawling layout and friendly nature of people are just some of the reasons I love to call Calgary home. What Bring to the Table As your Realtor, I am dedicated to the purchase or sale of your home. I want my clients to be informed and aware of the process so I walk them through each step along the way. I am there with you, when you call, you get me, every time! I make your search or sale my top priority. I look forward to working with you This was just a quick note to say hi but if you ever have any questions, want to chat about the market, I'm available! You can also check out Instagram account or YouTube channel for market updates and Real Estate info!