Inventory levels saw substantial year-over-year growth for the second month in a row, rising by 76 per cent to 4,145 units in February. While inventory increases were seen across all price ranges, the largest increases were in homes priced under $500,000.
The increase was driven by substantial growth in the more affordable apartment and row/townhouse sectors. The overall months of supply was 2.4 in February, similar to last month but more than double this time last year. Apartment-style units remained the most well-supplied at 3.1 months.
There were 1,721 sales in February, which was above historical averages for the month but 19 per cent lower than levels seen last year and significantly lower than the record levels seen in the post-pandemic period. New Listings in February reached 2,830, roughly in line with historical averages for the month. The sales-to-new listings ratio for the month was 61 per cent, higher than historical averages but below levels seen in each of the last three years.
The total residential unadjusted benchmark price in February was $587,600, relatively stable compared to late-2024 and roughly one per cent higher year-over-year. Price changes varied across the city, with the City Centre and North districts seeing declines, while the East district saw the largest price growth at over three per cent.
New property listed in Point McKay, Calgary
I have listed a new property at 238 Point Mckay TERRACE NW in Calgary. See details here
Exquisite renovations and a treed, end-unit setting make this move-in ready Point McKay townhome a must-see. A bright entryway steps up to a stunning main level where soaring ceilings and floor-to-ceiling windows create a space filled with beautiful natural light. High-end luxury vinyl plank flooring sets an elegant tone, and the wood-burning fireplace is a rare find that adds to the ambiance in a gorgeous tile hearth. French doors open to the deck, with serene, treed views – you might forget you even have neighbours. Up the stairs, a dining area features an overlook that allows the light to flow through from the lower level, and custom built-ins add a stylish focal point whether you choose to eat here or use it as an office, library, or home gym. An eat-in kitchen has also been fully renovated in a chic monochromatic palette, with full-height cabinetry and stainless appliances, quartz counters, and textured backsplashes. A large walk-in pantry with custom shelving is another fantastic feature, and the eating area enjoys sunset skies to the west through big windows. The renovated powder room finishes the level. This home has been freshly repainted, the ceilings refinished to flat, and the closet doors and windows are updated as well. Upstairs, the primary retreat is peaceful and pretty, with an entrancing ensuite. Incorporating stone, tile, and contrast to create a visually dynamic space, the focal point is the custom shower which is complete with a rainfall and angled spray showerheads. Two more bedrooms are generously proportioned, and the main bathroom also has been attractively upgraded. Downstairs, the oversized single-attached garage shares the main entryway, which also provides access to the basement, where you will find the laundry and utility areas as well as plentiful storage space for all your seasonal items and extras. Outside, the extended back deck is oversized and surrounded by trees for an amazingly private outdoor experience. This complex is known for it’s proximity to the river, giving you unparalleled access to the parks and pathways that run alongside it. Cycle commuters especially love that the trip downtown is just as quick by car or bike path; you can be to the office in about 10 minutes. Local recreation options are everywhere, with tennis courts only steps away, as well as the outdoor fitness park and the Riverside Club amenities. Foodies will appreciate nearby hotspots like the Lazy Loaf and Kettle or LICS Ice Cream, or drive into Kensington or Montgomery for some of Calgary’s hottest eateries. This community is a favourite of medical professionals due to the proximity to Foothills and The Children’s Hospital. Mountain enthusiasts will also like being able to head west out of the city limits within minutes. See this one today!
New property listed in Woodbine, Calgary
I have listed a new property at 190 Woodbriar CIRCLE SW in Calgary. See details here
Beautifully cared for and thoughtfully upgraded, this Woodbine home is picture-perfect from the moment you pull onto the driveway. Inside, vaulted ceilings soar up to the second level, forming a stunning visual with architectural elements and a loft-style nook above. An arched front window streams natural light from the west into the living room, highlighting lovely hardwood and original wood elements throughout this gorgeous space. French doors open to a large formal dining room, where updated lighting adds a modern touch to the classic design. The adjacent kitchen holds a stylish charm, with wood cabinetry and expansive granite countertops, and heated floors are an amazing perk. Both the stove and dishwasher are new. An eating bar overlooks a sunny breakfast nook, where big windows enjoy backyard views and additional cabinets provide convenient pantry storage. In grilling weather, simply open the door; your gatherings will flow into your outdoor space. A sunken family room is sure to be a favourite spot as you cozy up to the wood-burning fireplace. Off the entry from the double-attached garage, you’ll find a main floor office as well as a powder room and a laundry area - a fantastic floorplan if you work from home. Upstairs, the mezzanine forms an idyllic reading nook outside the primary suite, which is an utterly serene private retreat. A bay window is a beautiful feature here, and the remodelled ensuite is a spa-like dream, with oversized tile floors, a freestanding soaker tub, and a glassed-in shower with both rainfall and angled showerheads. A sleek vanity completes the elegant design. A separate wash closet is a desirable feature, and there are dual closets as well, perfect for a couple. Three more bedrooms on this level are a highly coveted layout, and there is another four-piece bathroom here as well. Downstairs, the finished basement begins with a rec area, where you will appreciate the space for your home theatre set up as well as your gym, games tables, or a play room. A flex room could easily be used for hobbies, and there is a rough-in for another bathroom on this storey as well. The utility and storage rooms offer tons of space for all your seasonal items. Two furnaces provide great temperature control. In the backyard, the deck is massive and gets tons of sunlight. The roof was recently serviced; a great peace of mind upgrade. A sloped lawn creates a sense of privacy, plus there are no immediate neighbours behind. Garden beds and foliage dot the fence line, and access to the paved alley is convenient when it’s time to pack up the RV. This home has wonderful walking access to nearby schools and community pathways as well as Fish Creek Park and the new Buffalo Run shopping centre – Costco is right there too. Stoney Trail and Anderson Road connect this neighbourhood to the rest of Calgary in just a short drive, and in only minutes, you can head southwest and get out of town into the mountains every time they call. See this one today!