New Condos Calgary

Rental Market

As of October 2025, the average rent in Calgary was about $1,853 across all property types and bedroom sizes. Condo rents have dropped the most due to oversupply in multi-family buildings. Unfurnished one-bedroom condos or apartments average around $1,508, while two-bedrooms are about $2,192. 

Calgary’s rental market has cooled, shifting from the tight conditions of 2022–2023 to a more balanced, renter-friendly environment. A surge in new supply is outpacing steady demand from population growth and low unemployment, leading to longer rental periods, lower asking rents, and higher vacancy rates, especially in condo-heavy areas like the Beltline and Northeast. By year-end, vacancy could reach 5–5.5%, with rents expected to dip another 2–4% to around $1,800 citywide. While recent Bank of Canada rate cuts and job growth support migration, energy sector uncertainty may limit demand. The year is set to close quietly, with better affordability for renters but tougher conditions for investors, who should focus on prime locations for stability. A mild rebound of 1–3% rent growth may follow in early 2026 if supply pressures ease.

Seller Market

In October 2025, the average home price in Calgary was $615,005, down 1.1% from last year. Detached homes averaged around $782,000, a 4.6% drop, while semi-detached homes rose 2.1% to about $687,000. Townhouses averaged $457,000, down 2.3%, and condo apartments edged up 0.4% to roughly $349,000.

We predict Calgary’s housing market will stay cool through year-end, with no sharp rebound. Rising inventory—around 7,500 units—gives buyers more options, and benchmark prices may dip 1–3% citywide. Detached homes remain steady, while condos and townhouses could fall 3–5%. Steady jobs and possible rate cuts offer support, but entry-level oversupply limits gains. Overall, a subdued finish to 2025 sets the stage for modest 2–4% growth in 2026. Investors should focus on detached homes, and first-time buyers may find opportunities in condos.

– New Condos

Renting Time for Condos: As of October 2025, rentals are staying on the market longer due to high vacancy rates. Condos, for example, typically rent within about 25 days.

Selling Time for Condos: New Calgary condos take an average of 37 days to be sold.

– New Homes

-Renting Time for Homes: Competitively priced detached homes in Calgary rent quickly, usually within about 15 days, while townhomes typically find tenants in around 20 days.

-Selling Time for Homes: New homes in Calgary vary in their time on the market by type; detached homes typically sell within 28 days, and townhouses in 31 days.

• Abundant Outdoor Adventures: Set against the majestic Rocky Mountains, Calgary proffers myriad outdoor exploits. Fish Creek Provincial Park, the second largest urban park in Canada, sprawls over 19 kilometres, allowing hiking, biking, cross-country skiing, and birdwatching. Meanwhile, the Bow River encourages kayaking, fishing, tubing, and floating. Places like Canada Olympic Park (WinSport) provide year-round sports and recreational opportunities. New homes in Calgary offer access to these natural playgrounds.
• Clean and Green Environment: Calgary is known as one of the cleanest cities in the world. The city has a robust infrastructure that includes a well-maintained sewage system, clean drinking water, and efficient recycling programs. Calgary’s stringent anti-littering laws, with fines up to $1000, help maintain its pristine condition. This commitment to sustainability is reflected in the new developments in Calgary.
• Economic Opportunities and Tech Growth: Calgary has diversified its economy beyond oil and gas to become a tech hub, attracting companies like Google, Amazon, and IBM. This shift has led to significant investments in digital transformation technologies, creating numerous job opportunities in various sectors including aerospace, agribusiness, and financial services. This economic growth supports the demand for pre-construction homes in Calgary.
• Vibrant Cultural Scene and Festivals: Calgary hosts several renowned festivals and events, including the Calgary International Film Festival, Calgary Folk Music Festival, and the famous Calgary Stampede, which draws over a million attendees each year. These events contribute to the city’s vibrant cultural scene and provide ample entertainment options for residents.
• Four Distinct Seasons: Calgary experiences all four seasons, offering a variety of outdoor activities year-round. Winters can be chilly, but Chinook winds, warm winds descending from the Rockies, can bring a sudden temperature rise, providing a welcome respite during the colder months.

• Traffic Congestion and Public Transit Issues: Calgary experiences significant traffic congestion, particularly during rush hours, which can lead to long commutes. While the city has a public transit system that includes the C-Train and buses, it is often considered underdeveloped compared to other major cities. Efforts are ongoing to improve infrastructure, but for now, traffic and transport remain a challenge.
• Fluctuations in the Oil & Gas Industry: Calgary’s economy is heavily reliant on the oil & gas industry. Downturns in this sector can lead to job losses and economic instability. While the city is actively diversifying its economy, the oil & gas sector remains a significant factor.
• Urban Sprawl: The city’s rapid expansion has led to urban sprawl, making some suburban areas like Auburn Bay less accessible and increasing commute times.