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Price declines driven mostly by apartment condominiums
Calgary, Alberta, August 4, 2026 – As we move into the second half of the year, it is not a surprise to see slower market activity. In July, both sales and new listings eased over June levels, declining to 1,904 sales and 3,323 new listings. Sales were nine per cent lower than last year’s levels, while new listings were 15 per cent lower. The adjustment in both sales and new listings caused little change in the sales-to-new-listings ratio, which sat at 57 per cent. In July, t

Catherine
Aug 16 min read
High-density supply impacts apartment condominium prices
Calgary, Alberta, July 2, 2026 – 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 re

Catherine
Jul 15 min read
Apartment prices ease as inventory remains elevated
Calgary, Alberta, June 1, 2026 – In line with seasonal trends, inventory has risen from the start of the year, reaching 6,752 units in May. While these levels are consistent with last May, they remain 11 per cent higher than longer-term trends for the month, thanks to higher supply levels of apartment and row-style homes. Meanwhile, inventory levels for detached homes are down three per cent compared with both last year and long-term trends. At the same time, sales activity h

Catherine
Jun 15 min read
Balanced conditions in the city, except for apartment-style units
Calgary, Alberta, May 1, 2026 – In line with seasonal expectations, both sales and inventory levels trended up relative to March’s activity. Despite this typical monthly rise, April sales totalled 2,104 units, six per cent lower than levels reported in 2025. “Sales were expected to ease this year as our market transitioned away from strong demand that was driven by previously rapid migration growth. Improved supply choice across the entire housing spectrum has reduced the urg

Catherine
May 15 min read
Trends differ based on property type
Calgary, Alberta, April 1, 2026 – Supply conditions in March varied significantly depending on property type. Inventory levels saw a typical monthly rise, but compared with long-term trends, inventory remained well above the 10-year average for both row and apartment-style units and well below trend for detached homes. This is not a surprise given the pullback in detached housing starts last year despite record-high apartment-style starts. There were 1,881 sales in March, up

Catherine
Apr 15 min read
Detached market tightens while apartments remain oversupplied
Calgary, Alberta, March 2, 2026 – Calgary continued to see market conditions vary by property type in February. The tightest conditions occurred in detached and semi-detached properties, reporting less than three months of supply. Row homes reported slightly higher supply levels relative to demand but remained relatively balanced. Meanwhile, apartment-style properties are dealing with excess supply, as conditions continue to favour the buyer. “Slowing migration levels are com

Catherine
Mar 15 min read
Slow start for high-density homes
Calgary, Alberta, Feb. 2, 2026 – Calgary reported 1,234 sales in January, a year-over-year decline of 15 per cent, but in line with typical levels of activity for the month. While sales declined across all property types, the steepest declines occurred in higher-density homes. “Following the typical December slowdown, potential buyers for high-density homes were more hesitant to return to the market in January, as increased supply choice across all aspects of the market has r

Catherine
Feb 14 min read
2025 housing market shifted to more balanced conditions
Calgary, Alberta, Jan. 2, 2026 – Following several years of strong price growth, 2025 marked a year of transition thanks to strong demand and limited supply. Due to record high starts, supply levels improved across all aspects of the housing market, just as demand pressure eased due to a reduction in migration levels and heightened uncertainty that persisted throughout the spring market. This helped shift the resale market from one that favoured the seller to one that was mo

Catherine
Jan 24 min read
Conditions remain relatively balanced as we head into the winter months
Calgary, Alberta, Dec. 1, 2025 – In line with typical seasonal trends, sales, new listings and inventory levels all slowed relative to last month. The 1,553 sales were met with 2,251 new listings, causing the sales-to-new-listings levels ratio to improve to 69 per cent. This also helped support some of the inventory adjustment. However, with 5,581 units in inventory, levels are still 28 per cent higher than last year and over 15 per cent higher than typical levels reported i

Catherine
Dec 2, 20255 min read
Pace of new listings growth slows, preventing further inventory gains
Calgary, Alberta, Nov. 3, 2025 – Inventory levels eased over last month thanks to the combined impact of a monthly pullback in new listings and a monthly pick up in sales. With 6,471 units in inventory and 1,885 sales the October months of supply returned to three-and-a-half months after pushing up to four months in September. While both row- and apartment-style properties continue to report elevated supply levels compared to demand, conditions remain relatively balanced for

Catherine
Nov 3, 20255 min read
A boost in new listings drives further inventory gains and price adjustments
SEPTEMBER 2025 HOUSING MARKET UPDATE October 1, 2025 The 1,720 sales in September were not high enough to offset the 3,782 new listings...

Catherine
Oct 1, 20256 min read
Price declines mostly driven by higher density home types
AUGUST 2025 HOUSING MARKET UPDATE September 2, 2025 Improving supply choice has changed the dynamics of the Calgary market driving price...

Catherine
Sep 2, 20255 min read
Supply growth weighs on home prices
JULY 2025 HOUSING MARKET UPDATE Thanks to gains mostly occurring in the newer communities, inventory levels in July were 6,917 units,...

Catherine
Aug 1, 20255 min read
Gains in resale supply mostly impact apartment and row style home prices
Calgary, Alberta, July 2, 2025 – Inventory levels in June continued to rise, both over last month’s and last year’s levels. By the end...

Catherine
Jul 2, 20255 min read
Price adjustments mostly driven by apartment and row style homes
MAY 2025 HOUSING MARKET UPDATE June 2, 2025 Thanks to steep pullbacks in the apartment condominium sector, total residential sales in...

Catherine
Jun 2, 20256 min read
Balanced conditions take pressure off prices
APRIL 2025 HOUSING MARKET UPDATE May 1, 2025 A boost in new listings this month relative to sales caused April inventories to rise to...

Catherine
May 1, 20255 min read
Sales remain above long-term trends despite declines
FEBRUARY 2025 HOUSING MARKET UPDATE March 3, 2025 Inventory levels saw substantial year-over-year growth for the second month in a row,...

Catherine
Mar 3, 20255 min read
2024 marks another strong year for sales and price growth
DECEMBER 2024 HOUSING MARKET UPDATE January 2, 2025 The year ended with 1,322 sales in December, a three per cent decline over last year,...

Catherine
Jan 2, 20255 min read
Supply on the rise, but not across all price ranges
December 2, 2024 As we transition into winter, Calgary's housing market is following typical seasonal trends, with activity slowing...

Catherine
Dec 1, 20245 min read
Supply levels improving for higher-priced homes
November 1, 2024 Sales gains for homes priced above $600,000 offset declines at the lower end of the market, resulting in October sales...

Catherine
Nov 5, 20246 min read
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