Following three consecutive years of limited supply choice, inventory levels in January rose to 3,639 units. While the 70 per cent year-over-year gain is significant, inventory levels remain lower than the over 4,000 units we would typically see in January. Inventories rose across all property types, with some of the largest gains driven by apartment-style condominiums.

“Supply levels are expected to improve this year, contributing to more balanced conditions and slower price growth,” said Ann-Marie Lurie, Chief Economist at CREB®. “However, the adjustment in supply is not equal amongst all property types. Compared with sales, we continue to see persistently tight conditions for detached, semi-detached and row properties while apartment condominiums show signs of excess supply for higher priced units.”

Citywide, the months of supply reached 2.5 months in January, an improvement over the one month of supply reported last year, but it is still considered low for a winter month. The month of supply ranged from under two months for semi-detached properties to 3.5 months for apartment-style units.

Cyndi and Cassie exceeded all our expectations! They guided us through selling our old house and finding our new home with unmatched professionalism and care. Their knowledge, dedication, and attention to detail made the entire experience smooth and stress-free. We’re so grateful for their support, expertise and can't recommend them both enough!

K and J

Cyndi's professionalism was outstanding. She was always on time for appointments and provided reliable advice.

Cassandra G.

Cyndi’s professional approach and expertise made the process of listing and selling our property seamless. I highly recommend working with Cyndi. 

Kelly M

As we move into 2025 real estate supply will continue to be a dominant theme and how this impacts prices will depend on the type of property listing inventory added.

Last year 2024 ended with a three percent sales decline over 2023, overall sales were just shy of the previous year’s levels as prices for the higher priced properties offset the pullbacks in the lower priced properties due to supply challenges.

“Population gains over the past several years have supported sales activity that has outperformed long-term trends. In 2024, sales would likely have been higher if there was more supply choice, especially in the lower price ranges,” said Ann-Marie Lurie, Chief Economist at CREB®.  “That being said, we did start to see shifts occurring in the market in the second half of the year as supply levels started to improve for higher priced homes.”

Should your buy or sell? Let me help you navigate Calgary’s ever changing real estate market, reach out I would be happy to assist you in your real estate journey into the new year.

Traditionally I would never offer more than a “great thanks” when asked for comment or testimonial. But Cyndi and Cassie Campbell exceeded my expectations beyond measure, so I feel they deserve far more than a two-word response. I revolted against the idea of looking for a new place for over a decade. They both built a high level of trust from me in a short amount of time. Through subtle and clever questions, they designed a sharp short list of places to visit. I was surprised how much fun they made it, they worked very well together. My availability is very limited and they hustled to work around my far too often last-minute requests to see a place. They were patient, intuitive and smart. I appreciated their insight, and their experience was clearly an asset in my search. In the final stages of the purchase everything went off the rails due to a drastic oversight from my financial broker. I was gutted and thought I’d lose this place, but they calmly mapped out some solution options and worked with the other realtor to secure my new home. I am very grateful for all the work they put in to make it all seamless. I am overjoyed with my new place. Thank you Cyndi and Cassie, I will forever refer you two to anyone that has a slight inkling of a new place.

Todd B

It was fantastic working with Cyndi. Coming from out of province and buying a place sight unseen could have gone horribly wrong but with Cyndi‘s advice, guidance, work ethic, and especially experience, I found an amazing home. Everything was booked and completed on Cyndi’s end, from home inspection to walk-through, all I had to do was show up on closing day and she was waiting with a warm welcome and the key. Could not have been a better experience, would definitely recommend as I will definitely be working with her in the future.