Calgary's Outlying Real Estate Markets Show Divergent Trends in January
Real estate markets surrounding Calgary presented a mixed picture in January, with some communities experiencing growth while others mirrored the declining conditions observed in the city itself. According to recent statistics from the Calgary Real Estate Board, several outlying areas saw contrasting performance in both sales activity and pricing.
Communities with Positive Sales Growth
Strathmore, High River, and Okotoks all recorded year-over-year sales increases during the first month of the year. High River demonstrated the most substantial percentage gain, with sales rising nearly 13 percent compared to January 2025. Despite this sales surge, High River's benchmark price remained largely unchanged at $485,900.
Strathmore's market experienced a five percent increase in sales, accompanied by a modest two percent rise in benchmark price to $435,500. Okotoks also showed positive momentum with resales climbing almost seven percent year over year, though its benchmark price declined approximately two percent to $599,500.
Markets Experiencing Declines
Several communities faced more challenging market conditions. Airdrie, the largest bedroom community in the region, saw both sales and prices decrease by about five percent, with the benchmark price settling at $513,900.
Cochrane experienced a dramatic 24 percent drop in resales, with its benchmark price declining two percent to $550,800. Chestermere recorded the most significant sales decline at more than 38 percent, while its benchmark price fell nearly two percent to $687,100.
Canmore's luxury mountain market also struggled, with sales decreasing over 15 percent year over year, though its benchmark price remained stable at $1,056,900.
Supply Dynamics Across Markets
Supply levels varied considerably among the different communities. Canmore exhibited the highest inventory with more than five months of listings based on January's sales pace. Chestermere and Cochrane also approached five months of supply, indicating relatively balanced market conditions.
In contrast, Okotoks demonstrated the tightest market conditions with just 2.39 months of available supply, suggesting stronger demand relative to inventory in that community.
The divergent performance across Calgary's outlying real estate markets highlights the localized nature of housing trends, with factors such as community amenities, commuting patterns, and local economic conditions influencing buyer behavior and pricing dynamics.
