Tariff tensions and uncertainty cool Calgary’s hot market in March

Economic uncertainty related to tariff threats has impacted Calgary’s housing market in March, with a 19% year-over-year decline in sales across all property types, totaling 2,159 units. Despite this, the market remains stronger than during previous downturns from 2015 to 2020. New listings exceeded 4,000, easing supply constraints and resulting in a sales-to-new-listings ratio of 54%. Total residential inventory reached 5,154 units, with the benchmark price steady at $592,500, while some segments experienced modest price declines.