Calgary Housing Market Report

According to CREB's July 2026 statistics, released August 4, Calgary recorded 1,904 sales in July, nine per cent below last year's levels, while new listings fell 15 per cent to 3,323 units. The sales-to-new-listings ratio held at 57 per cent, and total resale inventory of 6,626 units remained relatively stable compared to both June and July 2025. Slower sales pushed months of supply up to 3.48. The unadjusted total residential benchmark price was $569,200, down slightly from June and two per cent below last year. CREB attributes the decline mostly to apartment condominiums, where persistent oversupply pushed the benchmark down more than eight per cent year-over-year to $297,600 — 13 per cent below the 2024 peak. Detached prices eased by under two per cent to $743,900, driven mostly by the North East and North districts. CREB chief economist Ann-Marie Lurie noted that over 17,000 apartment-style units remain under construction, which continues to weigh on rental and higher-density prices.

July's numbers describe a Calgary market that is slower than last year but far from uniform. The citywide benchmark price of $569,200 is down two per cent year-over-year, yet that single figure hides a wide gap between property types, and CREB is explicit that apartment condominiums account for most of the decline. Detached and semi-detached homes remain the steadiest part of the market. Detached sales eased to 1,012 units, the benchmark sits at $743,900 (down under two per cent from last year), and months of supply is near three — a level CREB describes as balanced. Semi-detached conditions look similar, with a benchmark of $691,000, essentially flat year-over-year. For sellers in these segments, demand is softer than the 2023–2024 peak but conditions have not tipped in buyers' favour in most districts. Higher-density housing is a different picture. The apartment benchmark of $297,600 is down more than eight per cent from last year and 13 per cent below its 2024 peak, with nearly five months of supply — conditions CREB says favour buyers. Row prices fell six per cent to $418,500, with months of supply near four and what CREB calls some signs of oversupply. Buyers in these segments have more choice and more time to decide; sellers face competition from elevated resale inventory and from new construction, with over 17,000 apartment-style units still being built. Location matters as much as property type. CREB's district benchmark data show the West as the only one of the city's eight districts with a year-over-year gain in total residential benchmark price (up 0.9 per cent), while the North East posted the steepest decline at 6.6 per cent. Overall, CREB characterizes demand as slower than last year but still stronger than the 2015–2019 period, with the main change being greater supply choice across the housing spectrum — particularly in higher-density segments.

Source: CREB