Calgary’s real estate market saw significant shifts in 2025, balancing rising prices with slowing sales and expanded inventory.

 

The average residential sale price jumped 3.5% to $642,840, while sales transactions plummeted nearly 16%.

 

Inventory tightened overall, yet June brought an 83% surge in active listings, marking the city’s first balanced market in years.

 

Segment trends varied sharply.

 

Detached homes soared to a $747,500 average by year-end 2024 but then dipped mid-2025.

 

Semi-detached and row homes held strong, with notable gains in benchmark prices and sales, particularly in the city’s North East and East.

 

Apartment sales slowed, yet the segment set a near-record with a 15% price jump.

 

Luxury home sales remained robust, with double-digit growth above $1.5 million.

 

Looking forward, Springbank Hill, Discovery Ridge, and Rocky Ridge are emerging as top neighborhoods as demand shifts, especially toward condos and single-detached homes.

Lougheed House, Calgary’s iconic sandstone mansion, has drawn global attention as a filming site for Netflix’s new Korean romance series, Can This Love Be Translated?

 

Starring South Korean leads Kim Seon-ho and Go Youn-jung, the series — which debuted January 16 — explores a relationship between an actress and her interpreter, using Calgary backdrops to capture pivotal moments.

 

Alongside Lougheed House, scenes were shot at Heritage Park and The Next Page bookstore in Inglewood, expanding Calgary’s cinematic footprint.

 

Shannon Murray, executive director, celebrated the mansion’s universal appeal and its resonance beyond Alberta.

 

Having already hosted productions like Billy the Kid, Lougheed House continues to drive both tourism and film business as Calgary’s industry thrives.

 

Since its 1891 construction, the site has evolved from family home to wartime barracks, YWCA, and finally a museum spotlighting local history.

 

Fiona McTaggart calls its role in international filming a sign of growth and inclusivity for Calgary’s creative scene.