July 4, 2026 - CALGARY REAL ESTATE UPDATE
June sales in Calgary improved over May, reaching 2,197 units. Despite the monthly gains, sales were nearly four per cent lower than last year and just below the long-term average for June, largely due to pullbacks in apartment-style units. While sales are down across most price ranges so far this year, there have been gains in both the highest price ranges and the most affordable ranges across most property types.
"The easing of demand for resale homes does not come as a surprise given the recent decline in migration, which is impacting both rental and ownership demand for higher-density homes. The bigger change in our market relates to inventory, which has been on the rise in the rental, resale and new-home markets following several consecutive years of record-high housing starts," said Ann-Marie Lurie, Chief Economist at the Calgary Real Estate Board (CREB®). "Inventory growth has mostly occurred in high-density homes, resulting in buyer's market conditions and steep price adjustments for condominium apartments. While it will take time to absorb the high-density supply, detached supply growth has been limited and some districts are reporting record-high prices."
New listings are starting to pull back compared with 2025 and the sales-to-new-listings ratio rose to 56 per cent. This has slowed the pace of inventory growth and kept the months of supply at just over three months. Conditions vary across property types, as the apartment condominium sector is experiencing buyer's market conditions, with months of supply at nearly five months and a sales-to-new-listings ratio of 45 per cent.
In June, the unadjusted benchmark price was $572,500, up over the previous month and two per cent below levels reported last June. Apartment-style properties have reported an annual decline nearing nine per cent, leaving condominium prices at $299,000. Meanwhile, the benchmark price for a detached home rose to $750,500 — one per cent below last year, with most adjustments driven by specific pockets of the market.
DETACHED — SELLER'S MARKET
Sales activity in June reached 1,202 units, in line with last year's levels, as gains for homes priced over $1,000,000 and under $600,000 offset pullbacks in other price ranges. While overall inventories remained in line with last year and conditions remained relatively balanced, the pullback in new listings caused the sales-to-new-listings ratio to rise to 60 per cent. Despite balanced conditions citywide, the North East and East districts are experiencing excess supply — months of supply is elevated and the sales-to-new-listings ratio is below 50 per cent.
Relatively balanced conditions have supported monthly price gains since the start of the year. The City Centre and West districts have recorded enough gains to reach record-high prices in June. The West district has reported the strongest year-over-year growth at nearly four per cent, while buyer's market conditions in the North East are contributing to price declines nearing seven per cent. The citywide benchmark was $750,500.
SEMI-DETACHED — BALANCED MARKET
Improving sales in June were nearly enough to offset earlier pullbacks, leaving year-to-date sales down by only one per cent. The 234 sales were met with 363 new listings, pushing the sales-to-new-listings ratio back above 60 per cent and slowing inventory growth compared with earlier in the year. With two and a half months of supply, conditions remained relatively balanced and continued to support stable prices.
In June, the unadjusted benchmark was $694,600, up over the previous month and similar to levels reported last June. Price movements vary significantly across the city — improvements in the North West, West and City Centre districts reached new record highs, while the steepest declines occurred in the North East at nearly six per cent.
ROW/TOWNHOME — BALANCED MARKET
June saw a pullback in both sales and new listings, causing the sales-to-new-listings ratio to rise to 55 per cent. This prevented further gains in inventory levels, which remain above long-term trends. With 1,152 units in inventory and 338 sales, the months of supply sat at nearly three and a half months — within the upper end of a balanced range.
Additional supply choice has led to price adjustments. Year-over-year declines have occurred across all districts, ranging from two per cent in the South to 10 per cent in both the North East and East districts. Unadjusted prices improved in June over the previous month, as gains in the City Centre, North West and South districts offset pullbacks elsewhere.
APARTMENT/CONDOMINIUM — BUYER'S MARKET
Sales in June continued to fall compared with last year, causing year-to-date sales to decline by 26 per cent to 2,260 units. While new listings eased this month, the 931 new listings and 423 sales kept the sales-to-new-listings ratio at 45 per cent. Inventory reached 2,076 units — more than 24 per cent above typical levels — keeping months of supply at around five months and contributing to further price adjustments.
In June, the unadjusted benchmark price was $299,000, down over the previous month and nearly nine per cent lower than last year. Prices have declined across all districts, with decreases exceeding 14 per cent in the North East and East. The smallest decline occurred in the North West at seven and a half per cent.
✨ JULY IN CALGARY ✨
This July brings some seasonal favourites and some new & incredible experiences...
🤠 Calgary Stampede 2026
Experience the iconic rodeo, midway rides, unique food, western art, and Indigenous culture at The Greatest Outdoor Show on Earth.
Where: Stampede Park · When: July 3–12
🧑🌾 Millarville Farmers’ Market
Grab your shopping bags and enjoy a one-of-a-kind outdoor shopping experience at the Millarville Farmers’ Market.
Where: Millarville Racing & Agricultural Society · When: July 4, 11, 18, 25
🏈 Calgary Stampeders Home Games
Catch the Calgary Stampeders against the Toronto Argonauts and Montreal Alouettes.
Where: McMahon Stadium · When: July 2 & 18
🪅 Fiestaval Latin Festival
A free, family-friendly celebration bringing the diversity of Latin America through live music, dance performances, and activities for all.
Where: Eau Claire Plaza · When: July 17–19
🎶 Calgary Folk Music Festival
Discover new music at the iconic festival where 65+ artists play everything from folk to funk across seven stages.
Where: Prince's Island Park · When: July 19
🥙 Taste of Calgary
Taste the best of multicultural culinary diversity the city has to offer.
Where: Cowboys Park · When: July 30 – August 3