If you’re asking yourself, “Is now a good time to buy in Calgary?”—you’re not alone. With so much chatter about rising interest rates, fluctuating home prices, and uncertain economic times, many homebuyers are left feeling overwhelmed. Should you wait? Should you act now? What are the risks, and more importantly, what are the opportunities?

As a Calgary-based real estate professional, I’m here to give you the real story, not the sugar-coated version. In this blog, I’ll break down the top 5 things you must consider before buying a home in Calgary in 2025. Stick around—by the end, you’ll have a clear understanding of the market and the confidence to make a smart, informed decision.

1. Calgary’s Real Estate Market in 2025: What’s Really Happening?

Let’s start with the facts. The Calgary real estate market in 2025 has been experiencing some dynamic changes. Over the past year, we’ve seen:

• A moderate rise in average home prices (between 4–6%)

• Low inventory in high-demand neighbourhoods

• Increased interest in suburban and multigenerational homes

• Stable yet cautious buyer sentiment due to economic shifts

Why This Matters to Buyers

These trends point to a market that’s not overheated, but competitive and full of potential. If you’re considering buying a home in Calgary, you’re entering a space where patience and preparation can give you an edge.

Neighbourhood Hotspots to Watch:

• Northwest Calgary: Known for its family-friendly vibe and access to green spaces.

• Seton and Mahogany (SE Calgary): Popular for modern builds and community amenities.

• Inner-city communities like Altadore and Bridgeland: Ideal for professionals who want urban access and investment growth.

2. Interest Rates and Mortgage Trends: How Much Will It Cost You?

It’s no secret that mortgage rates in Canada have been fluctuating. But here’s what you need to understand in 2025:

Current Landscape:

• The Bank of Canada has held rates steady in early 2025.

• Fixed rates are averaging around 5.3%–5.7%.

• Variable rates offer some flexibility but come with risk in a volatile economy.

Smart Buyer Moves:

• Get pre-approved now to lock in a rate before potential hikes.

• Work with a mortgage broker to explore lender options.

• Factor in total cost of ownership, not just monthly payments.

Tip from Jai: Even a 0.5% increase in interest rates can significantly impact your monthly budget. Time your purchase wisely to maximize affordability.

3. Inventory & Timing: What’s Available Right Now?

Let’s talk supply and demand.

What Buyers Are Seeing:

• Low inventory in the detached home segment, especially in NW and SW Calgary

• Townhomes and condos offering better availability, particularly in NE and SE Calgary

• Increased listings for semi-detached and infill homes

Is It a Seller’s or Buyer’s Market?

Currently, Calgary is leaning toward a balanced market, with slight advantages for sellers in certain neighbourhoods. But don’t worry—opportunities still exist if you act decisively.

Best Times to Buy:

• Spring and Fall: These seasons see the most listings.

• Late Summer: Ideal for snagging a deal when competition slows.

4. Calgary’s Economic Outlook: Stability or Risk?

When investing in real estate, local economic health is crucial. The good news? Calgary’s economy in 2025 is showing resilience and diversification.

What’s Fueling Growth:

• Tech sector expansion (Amazon, Benevity, and smaller startups)

• Infrastructure projects like the Green Line LRT

• Strong energy sector rebound

• Influx of interprovincial migration from BC and Ontario

This diversified economic base gives confidence to property investors in Calgary and homebuyers alike. You’re not just buying a house—you’re investing in a city that’s reinventing itself.

5. Your Personal Circumstances: Is This the Right Time for YOU?

Let’s move beyond the numbers. At the end of the day, whether it’s a good time to buy depends on you.

Ask Yourself These Questions:

• Do you have a stable income?

• Have you saved at least 10–20% for a down payment?

• Are you planning to stay in Calgary for 3–5+ years?

• Can you comfortably afford property taxes, maintenance, and mortgage payments?

If you answered yes to most of these, you’re likely in a solid position to buy.

From Jai: I always remind my clients that buying a home is not just a financial decision—it’s deeply personal. It’s about where your kids will grow up, where you’ll host family dinners, and where life happens.

Pros and Cons of Buying Now in Calgary

Pros:

• Building equity instead of paying rent

• Locking in property before prices climb

• Tax benefits and long-term wealth creation

• More choice if you’re open to location flexibility

Cons:

• Higher upfront costs with current interest rates

• Less room to negotiate in competitive neighbourhoods

• Uncertainty around future market corrections

What to Watch Out for Before You Buy

Before making the leap, ensure you:

• Get a thorough home inspection

• Research school zones and amenities

• Consider future resale value

• Evaluate transportation routes (especially if commuting to downtown)

So, Is Now a Good Time to Buy in Calgary?

Here’s my honest take: Yes—but only if it aligns with your personal goals and financial readiness.

The Calgary housing market offers a mix of opportunity and challenge. For serious buyers who are well-prepared, 2025 is shaping up to be a year of strong potential. Whether you’re a first-time buyer, upsizing, or relocating, timing, knowledge, and the right guidance make all the difference.

Reach out to Jai Chaudhary Real Estate today for a no-obligation consultation or to get access to the latest Calgary listings before they hit the market.