In mid-2025, the Calgary real estate market continues to grow, offering unique opportunities for homebuyers and investors. There is a radical interest in buying newly built housing units because of the smart home features and the well-designed architecture. Calgary pre-construction homes have always been a first choice, but because of the high prices for many, purchasing a house seemed difficult. But now the real estate market has become affordable for larger demographics, thus the interest. In this blog, we’ll discuss the present state, new areas, steps to purchase, and pricing.
Calgary Real Estate Trends in 2025
In Calgary, 481 new home communities—a mix of low-rise and high-rise—are either planned, under construction, or have just been finished. In Calgary, there are 149 condominium complexes with 806 available floor plans and apartments. Calgary offers 2,729 floor plans and units for sale in 183 single-family home neighborhoods and 653 floor plans and apartments in 196 townhouse communities. A low-rise home’s median price per square foot is $385. In Calgary, 504 quick move-in homes are available for purchase.
New Areas in Calgary Pre construction Homes
- Silverton: Street villages, paired, laned, and single-family homes are among the reasonably priced housing options available in Silverton, which is redefining suburban living in the South.
- Ambleton: Ambleton is a neighborhood in northwest Calgary that features a network of pathways, distinctive spaces, and improved natural settings.
- Rangeview: Located south of Mahogany, Rangeview is intended to be a lively meeting spot with lots of social possibilities and communal gardens.
- Rockland Park: It is northwest Calgary’s first master-planned neighborhood in more than ten years, emphasizing recreation and ties to the natural world.
- Alpine Park: The community at Alpine Park prioritizes mixed housing options. The architecture of the place is inspired by Calgary’s rich history. If you like to live in a location that’s close to nature, then this area might be your best choice.
- Belvedere: Standing high in the competition to become one of the best choices of communities. Belvedere is adjacent to the East Hill Shopping Centre and only a few minutes away from downtown.
- Homestead: Residents at Homestead get access to highways and have a strong sense of community.
- Glacier Ridge: One of the best places, Glacier Ridge combines urban and ancient glacial landscapes. When you live here, you’ll feel overwhelmed with dynamic public spaces.
Four Steps to Purchase Your Calgary Pre-Construction Home
1. Deposit and Cooling-Off Period
One of the first things your realtor would ask you to do is submit an initial deposit. Once you choose a condo, single-family home, or townhome, you’ll need to make a deposit. Typically, this deposit is one percent of the total house price. In Calgary, this process involves a cooling-off period, which generally lasts for a few days, during which you can make your final decision whether to go ahead with the decision or not. In this timeline, you can reconsider your buying decision without any financial penalty. This option is quite necessary as first-time buyers can double-check their finances and make sure they are making the right decision.
2. Mortgage Pre-Approval
Usually, when buyers start looking for houses for sale in Calgary, they request a mortgage in advance. It’s also advisable to apply months before you start your search, so that if you like a house, you can give a budget. Keep in mind that pre-approval is different from final mortgage approval. Also, lenders might re-evaluate a buyer’s financial situation as they get closer to the completion of the pre-construction house.
3. Construction Phase
One of the crucial phases in the development journey is the construction. In Calgary pre-construction houses, a timeline is shared, and builders try to complete the project on time. But often, due to numerous reasons, construction gets delayed. As a buyer, you need to prepare for any similar scenarios. During the construction phase, all your realtor requires from you is your initial deposit. Also, this phase can last a few months, so it’s also important to maintain your healthy credit score, or things can get tricky in the end.
4. Final Mortgage and Closing
In pre-construction houses, there is always a waiting period for completion. As the construction comes near finalization, you will have to secure a full and final mortgage approval from your lender. If any changes were seen in your present financial status, your mortgage terms can differ from the initial pre-approval. At closing, you must pay the remaining balance. Also, remember there can be additional payments such as closing fees, legal fees, and any modifications you may require.
Pricing Trends for Different Property Types in Calgary
The following are the average costs of homes for sale in Calgary different units:
1. Condos: Price starts from about $250,000 and can go up to $300,000. At present, the market rate is $333,500.
2. Townhomes: If you are interested in Calgary townhomes for sale, the average prices start from $453,000.
3. Single-Family Homes: These types of homes are in popular demand, and it’s cost at present is around $820,000.
4. Pre-construction Houses: The final costs depend on numerous factors such as location, size, and amenities of pre-construction homes in Calgary, but typically range between $500,000 – $800,000.
To Conclude
The Calgary real estate industry is thriving, but at the same time unpredictable. If you are looking for houses for sale in Calgary, 2025 is the right time. The prices of condos, townhouses, and pre-construction houses are more affordable than in past years. To navigate the buying journey, you will require the assistance of professional agents such as Alberta Property Group. Our realtors can help you with shortlisting a perfect home that matches your requirements, booking a private tour, and also assist in negotiation. If interested, get in touch with us today to start your home-buying journey!
Frequently Asked Questions (FAQs)
Q1. How much does a condo cost in Calgary?
The price of a condo can vary from $300,000 -$580,000. However, the total cost depends on numerous factors like location, smart home features, and the builder’s reputation.
Q2. How many property types are in Calgary?
There are several types of property in Calgary, such as townhomes, condos, apartments, single-family homes, detached homes, bungalows, etc.
Q3. Are there any newly built houses in Calgary?
Yes! There are numerous new construction projects taking place in Calgary.
