The Calgary Real Estate Board says home sales in the city dropped last month as economic uncertainty took a toll on consumer confidence.
The board says 2,159 homes changed hands in March, down 18.8 per cent compared with the same month last year, as sales in Calgary slowed across all property types.
CREB chief economist Ann-Marie Lurie says it’s not surprising to see a pullback in sales given the uncertainty caused by the threat of tariffs, however she notes that activity remains stronger than it was between 2015 and 2020, when Calgary saw significant economic challenges and job losses.
There were 4,019 new listings on the market last month, up 26.7 per cent from a year earlier, as the city’s inventory reached 5,154 homes for sale -- more than double the supply available at the same time last year.
The residential benchmark price remained relatively stable at $592,500, marking a 0.8 per cent month-over-month increase from February and a 0.1 per cent year-over-year uptick from March 2024.
Dreaming of owning a lavish new home?
Here are the city’s five most expensive already-constructed residential homes for sale as of April 1, 2025, according to Realtor.ca:
$8.8M historical mansion in Upper Mount Royal
This historic mansion, known as the “Burns Residence,” is in Upper Mount Royal.
The 5,298-square-foot home was built in 1912 and originally owned by Alfred Price, a superintendent with the Canadian Pacific Railway.
Aside from serving as the home for several notable and influential Calgarians, the residence sits on a sprawling half-acre lot surrounded by mature trees and lush landscaping.
The three-storey home has five bedrooms, six full bathrooms and three half-baths.
One of the mansion’s biggest draws may be the pool; it’s situated near a glass cabana that can serve as a bar area or greenhouse.
The home is located at 930 Prospect Ave. S.W.
It has been listed on Realtor.ca for 23 days.
$8.75M Montreal House in Upper Mount Royal
Built in 2015 by Calgary architect Jeremy Sturgess, “Montreal House” sits in the community of Lower Mount Royal.
The 4,062-square-foot mansion has five bedrooms, three of which are above grade, four bathrooms and an urban courtyard.
Outside the steel-frame home, 18 cantilevered beams provide shade from the sun for the west-facing windows.
“The house’s layout maximizes privacy with east-facing bedrooms that greet the morning sun, and a screened entry set back from the street,” states the listing.
The two-storey home is located at 1308 Montreal Avenue S.W.
The home has been listed on Realtor.ca for 284 days.
$7.25M Eagle Ridge bungalow
This gated home in Eagle Ridge sits on a sprawling double lot.
Built in 1971, the home has four above-grade bedrooms and one below grade, plus seven bathrooms.
“Once you step inside past the hand-chiselled walnut doors, you are greeted by a grand foyer that sets the tone for the splendor that awaits,” states the listing.
“The main rooms are nothing short of magnificent, boasting expansive dimensions and exquisite finishes.”
The home may be of interest to culinary enthusiasts due to its walk-in cooler, gas cooktop, double ovens and commercial-grade appliances.
“Whether you’re hosting a grand gala or preparing an intimate meal for loved ones, this culinary haven is sure to impress.”
The bungalow is located at 40 Eagle Ridge Place S.W.
It has been listed on Realtor.ca for 181 days.
$7M Upper Mount Royal mansion
Built in 2009, this Upper Mount Royal mansion features a swim-in-place lap pool with an underwater treadmill, an elevator, a heated driveway and a theatre.
The home, described by the listing as private and secure, overlooks Cartier Park.
“This exceptional residence seamlessly combines style and sophistication and luxurious amenities,” states the listing.
“The welcoming front entrance leads to a dramatic free-standing staircase, ascending to the main floor’s spacious living room, boasting sweeping views and a double-sided gas fireplace shared with a cozy family room.”
The home is 5,289 square feet with four bedrooms and six bathrooms.
The garage has room for five cars and includes a rotating platform and a Tesla electric charger.
Not only is the driveway heated, but so are the front stairs and the walkway.
The three-storey home is located at 2906 Marquette Street S.W.
It has been listed on Realtor.ca for 90 days.
$6.3M Bel-Aire bungalow
This Bel-Aire bungalow was built in 1972 and is more than 4,000 square feet.
It comes with three bedrooms (and three below grade) plus seven bathrooms and two partial baths.
According to the listing, the main level of the home offers a blend of “elegance and comfort,” featuring a spa-quality en suite bathroom.
In the basement, there’s a wine cellar and a theatre.
The single-storey home is located at 1020 Bel-Aire Drive S.W.
It has been listed on Realtor.ca for 248 days.
- With files from The Canadian Press
