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Development fees are a big factor in shaping what gets built in Canadian cities, and a recent national housing agency report highlights just how much they influence new-home supply. For example, lowering these fees could make about 14% more residential projects viable—a significant boost, especially in tight markets. In Toronto and Vancouver, removing development charges altogether could increase viable projects by around 10%, with Toronto potentially achieving half of its stated supply goals through this change alone. Looking closer to home in Calgary, development fees range from approximately $4,000 for a one-bedroom high-rise to about $9,000 for a detached house—far less than Vancouver’s $20,000 to $33,000 range for similar properties. Of course, development fees help fund essential infrastructure like roads and sewers, so experts aren’t recommending that they be eliminated completely. But, as a Calgary-based Realtor®, I see how targeted fee reductions—especially on family-sized homes—could help new builds compete with resale properties and give families more options in our market. Every policy adjustment like this has ripple effects for buyers, sellers, and investors alike.

In Calgary’s real estate landscape this Mid-Q3, we’ve seen a noticeable shift: 1,660 sales, marking a ~16% decrease from last year, and the residential benchmark now sits at $570K following an overall price dip of about 1%. For those following the condo market, apartment benchmarks have softened to $295K (down ~8% annually), and row homes now average $415K after a 5% drop. Detached homes settled close to $744K, reflecting a ~1% annual decline, while semi-detached homes stood out with a benchmark of $691K and a modest yearly gain.

Supply patterns are evolving as well. New listings totaled 3,140—about 10% fewer than last year. Available inventory reached 6,510 homes, slightly less than the previous year. Notably, higher price bands have benefited from this improved supply, but for many first-time buyers, strong rental conditions are keeping the move from renting to ownership on pause.

As someone licensed in residential, commercial, rural, and property management, I keep a close eye on these subtle market dynamics for my clients. Whether you’re tracking investment potential or planning a move across Calgary, understanding these numbers is key to making confident real estate decisions.

As a Realtor® with experience across residential, commercial, and rural real estate in Calgary, I pay close attention to the forces shaping our market. Recent research from the Bank of Canada highlights an interesting trend: while rate cuts often spark a quick uptick in home resales—sometimes within months—the actual increase in new housing supply can take two years or more to materialize. This means that although lower borrowing costs make it easier for many to jump into the market, the relief for affordability is not immediate. Strong labour markets and easier lending can further fuel this demand, but builders still need time to respond, especially when it comes to multi-unit developments. For those exploring their next purchase or investment, it’s a reminder that affordability is shaped by more than just interest rates. A thoughtful approach—balancing timing, market conditions, and long-term goals—remains essential in Calgary’s evolving real estate landscape.

Recently, there’s been an interesting shift in Canada’s housing market. We’re seeing renewed momentum in home sales, even as buyers remain cautious and overall activity still trails last year’s pace. What stands out is that new listings are dropping while sales are picking up, which is gradually moving us toward a more balanced market. Price growth, however, has stayed moderate—offering a sense of stability for buyers and avoiding the dramatic corrections that many were expecting. If you’re considering your next move, keep in mind that regional differences are significant. Choosing the right market matters more than ever, whether you’re buying, selling, or investing. As someone who guides clients through residential, commercial, and rural real estate across Calgary, I’ve seen firsthand how important it is to tailor strategies to these shifting dynamics. Every property journey deserves a thoughtful, personalized approach.

Canada has now seen ten consecutive quarters of affordability challenges—a trend that’s top of mind in every real estate conversation I have here in Calgary. With mortgage rate relief off the table for now, the spotlight is shifting toward home prices and income growth as the key factors shaping what’s possible for buyers and sellers. Economists anticipate mortgage rates will hold steady or perhaps rise in the coming year, which means any improvement in affordability will depend more on price stabilization. Calgary’s market stands apart from cities like Vancouver and Toronto, with local dynamics and client goals requiring distinct strategies. The good news: slower population growth could help moderate demand and keep prices in check, while a strengthening labour market may offer some support to household incomes. Still, unless we see sustained price moderation, affordability gains may be limited. Navigating these shifts takes a tailored approach—something I prioritize for all my clients, whether you’re looking to buy, sell, or invest in the Calgary area.

Noticing a shift in Calgary’s Early-Q3 real estate landscape, we’re seeing sales at 1,900—about 9% lower than last year—and benchmark prices softening by around 2% to $569,200. This signals a more favorable environment for buyers, especially in higher-density properties. With condo oversupply, several years of high construction activity, and a recent slowdown in international migration, the market has adjusted, particularly for apartments and row-style homes. Apartment prices dropped roughly 8% year-over-year to $297,600, and row-style properties saw a 6% decline to $418,500. Detached and semi-detached homes have held steadier, with detached prices dipping just 2% to $743,900 and semi-detached homes down less than 1% at $691,000. On the supply side, new listings are down 15% annually to 3,300, and total inventory sits at 6,600 homes—down 4%.

As a Realtor® supporting buyers, sellers, and investors in all segments of Calgary’s market, I keep a close eye on these trends to help you make informed decisions, whether you’re exploring your next home or your next investment opportunity.