Sept. 25, 2025 | CREB

CREB® REALTORS® Increase Grants to Non-Profits that Provide Housing to Vulnerable Calgarians

City of Calgary, Sept. 16, 2025 – CREB® REALTOR® Community Foundation has awarded Community Grants to Society for Autism Support and Services, Inn from the Cold Society, Unison Society, and Discovery House Family Violence Prevention Society.

The foundation was able to increase the amount of annual funding this year with a total of $197,675 allocated to the Community Grant, which is $80,000 more than 2024. These grants will assist with major repairs and renovations to existing housing or shelter supply, with the goal of keeping people housed in their communities.

“These organizations are making a meaningful difference every single day, transforming lives and strengthening the communities they serve,” said Christian Twomey, Chair of the CREB® REALTOR® Community Foundation. “Every CREB® REALTOR® contributes to the foundation, and they take great pride in giving back to their city by helping charities who provide safe, stable housing to those who need it most.”

Society for Autism Support and Services (SASS)

Society for Autism Support and Services is a charity that offers specialized services to individuals with autism. The organization was founded in 1972 and has continued to grow ever since. They now offer early intervention, ECS programs, out of home living placements, life skills training and adolescent and adult vocational programs.

Grant funds will replace the bedroom windows in the facility used for the Out-of-Home Living Program. The new windows will improve the safety, privacy and energy efficiency of the aging building, thus making the bedrooms more comfortable for the children living there.

“Like many charities, Society for Autism Support and Services (SASS) faces the challenge of delivering high-quality programs while maintaining our aging facilities. This grant will help ensure that autistic youth with complex needs and their families, have access to safe housing that fosters learning and well-being. This grant will help us install new energy-efficient windows, reducing utility costs and allowing more resources to be directed toward vital programming. We look forward to partnering with the CREB® REALTOR® Community Foundation to complete the project,” said Kim Ward, Executive Director.

Inn from the Cold Society

Inn from the Cold is a charity that supports families in finding stability during times of crisis. Their three main programs supporting families experiencing the trauma and stress of homelessness, provide emergency and transitional shelter to families, and help families and expectant mothers facing homelessness find stable housing.

Inn from the Cold’s Journey House, a 10-unit affordable housing complex, needs essential repairs and upgrades to improve safety and quality of living for the residents. The grant funds will support improvements to the boiler room, HVAC, security systems and other facility upgrades.

“CREB® REALTORS® have stood beside us for many years, helping families experiencing homelessness find stability and hope. Thanks to their support, we’ve been able to improve the quality of our affordable housing and create safe, welcoming homes. We are so grateful for this partnership that continues to change lives,” said Heather Morley, CEO.

Unison Society

Unison Society is a non-profit organization that empowers individuals over the age of 50 to lead fulfilling lives. They do this through programs and services that promote a healthy lifestyle with good food, physical activity, courses and access to trusted resources.

“We are thrilled to be receiving funding from the CREB® REALTOR® Community Foundation. We will now be able to make vital infrastructure improvements to Unison’s Elder Abuse Shelter that provides a critical safe haven for seniors experiencing abuse, individuals often forced to flee their homes abruptly due to physical, emotional, or financial harm. Your support of our laundry room renovation is critical for daily living, hygiene and the dignity of seniors living in our shelter. We look forward to partnering with CREB® REALTOR® Community Foundation to improve the quality of the experience for the vulnerable seniors housed in Unison’s Elder Abuse Shelter,” said Larry Mathieson, President & CEO.

Discovery House Family Violence Prevention Society

For over 40 years, Discovery House Family Violence Prevention Society has served women and children leaving domestic violence, helping them rebuild their lives. Discovery House’s shelter was built in 2002 and the organization supports approximately 600 people a year, most of them children. The shelter has two-, three-, and four-bedroom apartments, a childcare centre, counselling rooms, community spaces, and an enclosed courtyard with a play area and garden.

The grant funds will go towards upgrading the building’s HVAC system to ensure it continues to operate efficiently. This will prevent disruptions to the families who utilize the shelter and allows Discovery House to provide a functional and safe environment.

"The support of the CREB® REALTOR® Community Foundation will help Discovery House provide families leaving domestic violence with the safety, stability, and supports they need to rebuild their lives. We are so grateful for this investment in creating brighter, safer futures for women and children in our community,” said Leslie Hill, Executive Director.

Sept. 02, 2025 | CREB

Price declines mostly driven by higher density home types

Calgary, Alberta, September 2, 2025 – Improving supply choice has changed the dynamics of the Calgary market driving price declines over the past several months.

Higher price adjustments are occurring for apartment and row style properties while detached and semi-detached properties have reported modest declines. As of August, the unadjusted total residential benchmark price was $577,200, down over last month and nearly four per cent lower than levels reported last year.

“Perspective is needed when it comes to price adjustments. The most significant price adjustments are occurring for row and apartment style homes as they are also the product type that are facing the largest gains in supply choice,” said Ann-Marie Lurie, Chief Economist at CREB®. “Meanwhile price adjustments in the detached and semi-detached markets range from modest price growth in some areas to larger price declines in areas with large supply growth. Overall, recent price adjustments have not offset all the gains that have occurred over the past several years.”

August reported 1,989 sales, nearly nine per cent lower than last year. Sales have slowed compared to the high levels reported over the past four years. However, activity is still above long-term trends, reflecting relatively strong demand. What has changed is the supply situation. New listings remain elevated, keeping the sales-to-new-listings ratio below 60 per cent and pushing inventory to 6,661, the highest August amount since 2019. 

More inventory choice coupled with lower sales has caused the months of supply to rise to 3.4 months in August, much higher than the sellers' market conditions reported over the previous four years, but still well below the buyer market conditions observed prior to the pandemic. While the market is much more balanced compared to last year, there is significant variation depending on property type, price range and location.  

Detached

Detached home sales eased to 995 units in August, while new listings rose to 1,748 units, keeping the sales-to-new listings ratio below 60 per cent. This prevented any significant shift in inventory, as the 3,051 units were the highest levels reported in August since 2020. Higher inventory levels and easing supply have helped balance out the detached market. However, districts like the North East, North and East are experiencing buyer market conditions.   

The unadjusted benchmark price in August was $755,600 down by nearly one per cent over last month and last year's levels. While prices have eased there is significant variation depending on location. Compared to last year, prices reported the largest decline in the North East and East district at five per cent, while prices in the city centre were over two per cent higher. As many of the adjustments have occurred over the past few months, year-to-date Calgary prices remain two per cent higher than last year.

Semi-Detached

August sales improved over last year’s levels, but it was not enough to offset earlier pullbacks with year-to-date sales of 1,557—eight per cent lower than last year—but higher than long-term trends. At the same time, new listings slowed compared to sales pushing the sales-to-new listings ratio up to 67 per cent and preventing any further monthly inventory gains. Inventory gains have not been as high for this product type, and the months of supply remained below three months in August. This is one of the reasons that the prices have not seen the same adjustment.

In August the unadjusted benchmark price was $687,200 down over last month, but nearly one per cent higher than last year, and nearly four per cent higher on a year-to-date basis. Price growth has varied across the city, with the largest year-over-year gains occurring in city centre. Meanwhile the largest declines have occurred in the North East, East and North districts.

 ow

Sales in August slowed, contributing to the year-to-date decline of nearly 16 per cent. While new listings did ease in August compared to last year and last month, they have generally been on the rise pushing up inventory levels. In August, there were 1,103 units in inventory, reaching the second highest level on record for August, only slightly lower than the record high in reported in 2018. Due to the relatively strong sales, the months of supply has only pushed slightly above three months, far more balanced than last year, but not as high as the 6.4 months report back in 2018.

Nonetheless, additional supply choice has weighed on prices. In August, the unadjusted benchmark price in the city was $439,600, reflecting the fourth consecutive monthly decline and nearly five per cent lower than last August. While prices eased across all districts, price declines exceeded five per cent in the North East, North, South and East districts. These districts generally reported high levels of supply in the resale sector or had significant competition from new home supply.

Apartment Condominium

Sales continue to slow in August contributing to a year-to-date pullback of nearly 30 per cent. While sales are still above long-term trends, they have not been high enough to offset the level of new listings in the market. In August alone there were 877 new listings compared to the 449 sales, keeping the sales-to-new-listings ratio relatively low at 51 per cent. The low ratio that has persisted throughout this year has contributed to the higher inventory levels seen in the market. While August inventory levels did not rise over last month, with 1,979 units available, this is the highest August inventory ever reported.

The months of supply for apartment condos have remained around four months since June. The excess supply relative to demand has been weighing on prices. As of August, the unadjusted benchmark price was $326,500, reflecting the fifth consecutive monthly decline and nearly six per cent lower than levels reported last August. Most of the supply is concentrated in the City Centre, which reported a year-over-year decline of five per cent, slightly higher than the rate of decline reported in the West district at three per cent. Meanwhile, the highest price declines occurred in the North East district at over 11 per cent.

REGIONAL MARKET FACTS

Airdrie

Easing sales in August contributed the year-to-date decline of 12 per cent for 1,248 sales so far this year. The 152 sales this month was met with 265 new listings, pushing the sales-to-new listings ratio up to 57 per cent and preventing any further monthly inventory gains. As of August, there was 535 units in inventory, above long-term trends and the highest levels reported since before the pandemic. The rise in supply has helped shift the market to more balanced conditions. However, with more supply options in both the new home, resale markets and in competing locations, there has been some downward pressure on prices in Airdrie. In August, the unadjusted total residential benchmark price was $531,100, down over last month and four per cent lower than levels reported last August. 

Cochrane

The 70 sales this month were met with 139 new listings causing the sales-to-new listings ratio to fall to 50 per cent, the lowest ratio reported for August since 2015. The pullback in sales compared to new listings prevented any significant shift in inventory levels, pushed the months of supply up above four months. Despite the shift this month, prices in Cochrane remained relatively stable in August, with the unadjusted benchmark price sitting at $589,100, similar to last month and nearly two per cent higher than last year. On a year-to-date basis prices are four per cent higher than the previous year.

Okotoks

New listings in August reported a significant pullback relative to sales and the sales-to-new-listings ratio pushed up to 80 per cent. While sales have generally remained in line with long-term trends, new listings have not had the same increase that other areas have reported, preventing significant gains in inventory levels. As of August, there was 116 units in inventory, a 29 per cent gain over last year, but still 30 per cent lower than levels traditionally seen in August. Despite tighter conditions, prices have reported some monthly declines. However, year-to-date benchmark prices remained two per cent higher than last year’s levels, with gains reported across each property type.

Click here to view the full City of Calgary monthly stats package.

Click here to view the full Calgary region monthly stats package.