News Release

Nearly Every Calgary Neighbourhood Now Selling Below Asking

CALGARY, ALTA. — November 4, 2025 — Calgary’s real estate market took a clear turn toward more balanced conditions in Q3 2025, with 99% of neighbourhoods seeing homes sell below list price, according to new analysis from Wahi, a digital real estate platform. The median difference between list and sold prices, while still modest, widened to -$10,200, up from -$7,825 in Q2, a sign that buyers have more room to negotiate as market conditions cool.

At the other end of the spectrum, only one neighbourhood, Chinook Park, recorded a median sale above asking, landing just $1 higher than the median list price. Meanwhile, high-end areas like Rosedale, Elbow Park, and Elboya saw some of the largest gaps between list and sold prices, with sold prices as much as $90,000 below asking.

Wahi Economist Ryan McLaughlin is available for commentary on what’s driving the underbidding trend in Calgary.

The complete analysis, with downloadable charts, is available here.

About Wahi

Wahi is a digital real estate platform that redefines the homebuying experience by putting more power into consumers’ hands by combining cutting-edge tech and market data with expert REALTORS®.

News Media Contacts:

Kristin Doucet

Wahi

Tel: 877-207-4273

Kristin.Doucet@wahi.com