Fact Check: "Calgary's real estate market has shown signs of recovery after a seven-year lull."
What We Know
The claim that Calgary's real estate market is recovering after a seven-year lull is based on recent reports from the Calgary Real Estate Board (CREB®) and other real estate analysts. According to a CREB® report released in June 2025, the Calgary housing market has transitioned to a balanced state, characterized by stable pricing and strong fundamentals. The report indicates that the average home price in Calgary increased by 6.0% year-over-year, with the median price rising by 4.9% to $590,250. This suggests a positive trend in the market, which could be interpreted as a recovery.
Additionally, an article from Canadian Real Estate Magazine highlights that the Calgary real estate market is experiencing a shift towards balance, which is often seen as a sign of recovery. The article notes that the market is becoming more favorable for both buyers and sellers, indicating a stabilization after years of volatility.
However, it is important to note that the term "seven-year lull" is somewhat subjective and may refer to various economic conditions experienced in Calgary since around 2018, including fluctuations in oil prices and economic downturns that have historically impacted the region's real estate market.
Analysis
The evidence presented from the CREB® report and the insights from Canadian Real Estate Magazine provide a basis for the claim of recovery in Calgary's real estate market. The increase in average and median home prices, along with the transition to a balanced market, supports the assertion that there are signs of recovery. However, the sources must be critically evaluated for reliability and potential bias.
The CREB® is a reputable organization that provides data and analysis on the Calgary real estate market, making its reports a credible source. However, it is also an industry body that may have an interest in presenting the market positively to encourage buying and selling activity. Similarly, Canadian Real Estate Magazine, while informative, may also have a vested interest in promoting real estate investment.
Moreover, while the data indicates improvement, it does not provide a comprehensive view of the market's long-term health or the factors that contributed to the previous lull. For instance, external economic factors, interest rates, and demographic shifts could also play significant roles in the market's dynamics.
Conclusion
The claim that Calgary's real estate market has shown signs of recovery after a seven-year lull is supported by recent data indicating rising home prices and a shift towards a balanced market. However, the context of what constitutes a "lull" and the potential biases of the sources must be considered. Therefore, while there are positive indicators, the overall situation remains complex and warrants further observation.
Verdict: Unverified. The evidence suggests improvement, but the claim lacks comprehensive context regarding the long-term trends and underlying factors affecting the market.
