Calgary Real Estate Blog

Calgary Housing Market Update – July 2026

As Calgary moves into the second half of the year, the housing market is following its typical seasonal slowdown. In July, both sales and new listings eased compared with June, resulting in 1,904 sales and 3,323 new listings. Sales were nine per cent lower than July 2025, while new listings declined by 15 per cent year over year. Despite this slowdown, the sales-to-new-listings ratio remained stable at 57 per cent, helping maintain generally balanced market conditions.

The city's unadjusted residential benchmark price reached $569,200 in July, down slightly from June and two per cent lower than last year's level. Price trends continue to vary across property types. Detached home prices have eased by less than two per cent compared with last year, while the persistent oversupply of apartment condominiums has contributed to price declines of more than eight per cent.

While demand has slowed compared with previous years, it remains stronger than the levels experienced between 2015 and 2019. Inventory has remained relatively stable compared with both June and July 2025, but slower sales increased the city's months of supply to 3.5 months. Detached and semi-detached homes continue to experience mostly balanced conditions, while row homes are beginning to show signs of oversupply and apartment condominiums continue to favour buyers with nearly five months of supply.

Key Trends by Property Type

Detached Homes

Detached home sales totalled 1,012 units in July, down nearly two per cent compared with last year. New listings also declined to 1,707 units, helping limit inventory growth despite softer demand. Overall, detached homes remain in balanced market conditions with nearly three months of supply, although conditions vary considerably across the city, ranging from under two months of supply in the West District to more than five months in the North East District.

The unadjusted benchmark price reached $743,900, down slightly from June and nearly two per cent lower than July 2025. While prices have softened from last year's peak, values continue to remain well above levels recorded several years ago. The City Centre and West District recorded year-over-year price gains, while the North East District experienced the largest decline at nearly six per cent. Added competition from the new home market is also weighing on recently built homes listed on the resale market.

Semi-Detached Homes

Semi-detached homes continued to experience balanced market conditions throughout July. Sales remained similar to last year's levels, while the sales-to-new-listings ratio stayed close to 60 per cent, with months of supply remaining below three months.

The unadjusted benchmark price reached $691,000, down slightly from June but remaining similar to last year's level. While prices have remained relatively stable overall, market conditions vary across the city. The West District was the only district to record a year-over-year price gain, while the North East continued to experience buyer-favourable conditions and the steepest price declines.

Row Homes

Row home sales declined for the third consecutive month, contributing to a 15 per cent year-to-date decrease. Although new listings have also eased, the sales-to-new-listings ratio has remained above 55 per cent. Inventory has been trending down but remains elevated compared with long-term averages, pushing the months of supply to nearly four months.

The unadjusted benchmark price declined to $418,500, down from June and six per cent lower than July 2025. The upward trend in months of supply has prevented further price growth, while added competition from the new home market continues to place downward pressure on resale row home prices. Year-to-date price declines range from 12 per cent in the North East and East Districts to approximately three per cent in the West District.

Apartment Condominiums

Apartment condominiums continue to be the most buyer-friendly segment of Calgary's housing market. Increased rental availability and additional new housing supply have reduced demand for resale condominiums, with sales declining by nearly 26 per cent year to date.

Although new listings have eased compared with last year, the 1,999 resale units currently available remain well above long-term trends. Combined with softer demand, this has kept the market in buyer-favourable conditions with nearly five months of supply.

The unadjusted benchmark price declined to $297,600, down from June, more than eight per cent lower than last year's level and approximately 13 per cent below the market peak reached in 2024. Every district has experienced notable price adjustments as elevated supply continues to place downward pressure on the resale condominium market.

Surrounding Communities

Airdrie: Sales continued to trend lower in July, contributing to a year-to-date decline of nearly 14 per cent. While new listings also eased, the sales-to-new-listings ratio improved to above 55 per cent, helping months of supply decline to below four months. The detached benchmark price reached $603,100, approximately four per cent lower than last year. Increased competition from Calgary and Airdrie's new home market continues to influence resale prices, with the price gap between Calgary and Airdrie returning to more typical historical levels.

Cochrane: Although sales have declined for two consecutive months, year-to-date activity remains above 2025 levels. Inventory growth—driven primarily by higher-density homes—pushed months of supply above four months, while the sales-to-new-listings ratio declined to 46 per cent. The detached benchmark price eased to $659,400, nearly four per cent lower than last year as increased competition from new construction and surrounding markets continues to influence resale pricing.

Okotoks: July recorded 78 new listings and 70 sales, resulting in a 90 per cent sales-to-new-listings ratio and lower inventory compared with June. Supply has improved over the exceptionally low levels experienced during the past five years but remains below long-term trends, keeping months of supply at approximately two months. The detached benchmark price eased to $695,700, just over two per cent lower than July 2025 as competition from new home construction and new communities in south Calgary continues to influence pricing.

Chestermere: Year-to-date sales reached 333 units, down 18 per cent compared with last year. Slower sales and increasing inventory pushed months of supply to nearly seven months, while the sales-to-new-listings ratio remained low at 36 per cent. Greater resale inventory, competition from new home construction, and increased supply in Calgary contributed to the detached benchmark price easing to $771,900, nearly five per cent lower than July 2025.

What This Means to You

If You're Buying

• Buyers continue to benefit from greater inventory and more choice across most property types.
• Detached homes remain in mostly balanced market conditions, although inventory levels vary significantly by district.
• Row homes are beginning to show signs of oversupply, providing buyers with increased selection and greater negotiating flexibility.
• Apartment condominiums continue to offer the strongest buying opportunities, with elevated inventory, nearly five months of supply, and softer pricing.

If You're Selling

• Detached and semi-detached homes continue to benefit from mostly balanced market conditions.
• Accurate pricing and strong marketing remain essential as buyers have more options than in recent years.
• Row homes and apartment condominiums face increased competition, making professional presentation and strategic pricing more important than ever.
• Understanding your neighbourhood's specific market conditions can help position your home more effectively.

If You're Investing

• Apartment condominiums continue to present attractive opportunities due to increased inventory and recent price adjustments.
• Detached homes remain a relatively stable long-term investment despite modest year-over-year price declines.
• Market conditions continue to vary by property type and location, making careful market research and property selection essential.

Overall, Calgary's housing market remains generally balanced as the second half of 2026 gets underway. Seasonal slowing, additional housing supply, and varying market conditions across property types continue to create opportunities for buyers, sellers, and investors. Understanding how today's market conditions affect your specific property type and neighbourhood remains essential when making informed real estate decisions.

Source: CREB® July 2026 Housing Market Report.

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