Mid-year 2025 in Calgary. Here's the reader's digest version of what's going on in the housing market: The only areas that saw any real growth are Calgary's West and Inner-City West areas. And guess what? Those areas never really seem to go down in value - even in a recession. Worst hit? Calgary's NE. And flat in Calgary's NW and S areas. Flat as in maybe 1% growth and maybe 1% decrease in values. What's hurting the market? New Construction. As always, the builders have more flexibilty in their offer price. New homes have cost more than resale homes but now we are seeing that evening out. Why? Because builders can reduce the price to whatever they want. Homeowners can't. And hang on to your hats on the apartment condo market. With 7,300 brand new units that came onto the market in the first half of this year and with another 21,000 units coming on the market in the next 6 months, the apartment condo market is quickly going to be underwater before the year is up.