Inventory Surges Push Canadian Home Prices Toward a Decade-Low Decline in Calgary
Home values are falling across British Columbia, Alberta, and Ontario as rising inventories increase seller competition. In Calgary, the composite MLS HPI fell 4.2% from a year ago last month. This is the steepest annual price decline in 10 years. The trend is driven by a replenishment of inventory after a decades-low in 2023 and a historic ramp-up in homebuilding since 2022. Homes for sale have reached a seven-year high in 2025. Builders are currently working on 26,000 units.
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