Calgary Real Estate Blog

Calgary Housing Market Update – June 2026

Calgary’s housing market continued to move toward balanced conditions in June, with sales improving over May while inventory levels remained elevated across many property types. Although overall activity remained slightly below last year's pace, market conditions continue to vary depending on property type, with detached homes showing resilience and apartment condominiums offering increased opportunities for buyers.

June recorded 2,197 sales, up from May but nearly four per cent lower than June 2025. While new listings slowed compared with last year, inventory remained sufficient to provide buyers with greater choice than in recent years. The easing in demand, combined with increased supply across the resale, rental, and new-home markets, continues to reshape Calgary's housing landscape.

The sales-to-new-listings ratio rose to 56 per cent, helping slow the pace of inventory growth and keeping the city's months of supply at just over three months, a level generally considered balanced. However, conditions continue to differ significantly across property types, with apartment condominiums remaining firmly in buyer's market territory.

The benchmark price reached $572,500 in June, increasing from the previous month but sitting approximately two per cent below levels reported one year ago. Price performance continues to vary across both property types and districts.

Key Trends by Property Type

Detached Homes

Detached homes continued to demonstrate stability throughout June, with 1,202 sales recorded, matching activity seen last year. Overall market conditions remained relatively balanced, supported by a sales-to-new-listings ratio of 60 per cent. The benchmark price reached $750,500, with the City Centre and West districts recording new record highs, while the North East district continued to experience softer pricing.

Semi-Detached Homes

The semi-detached sector remained balanced throughout June, supported by 2.5 months of supply and improving sales activity. The benchmark price reached $694,600, remaining similar to last year's levels. The North West, West, and City Centre districts continued to record price gains, with several areas reaching new record highs.

Row Homes

Row homes remained within balanced market conditions despite elevated inventory levels. With nearly 3.5 months of supply, buyers continue to benefit from increased selection compared with previous years. Unadjusted benchmark prices improved over the previous month, although year-over-year price declines were reported across all districts, with the largest decreases occurring in the North East and East districts.

Apartment Condominiums

Apartment condominiums continued to favour buyers, with nearly five months of supply and a sales-to-new-listings ratio of 45 per cent. Increased inventory and softer demand have contributed to continued price adjustments, with the benchmark price declining to $299,000, nearly nine per cent below June 2025. Price declines were recorded across every district, with the North East and East experiencing the largest decreases.

Surrounding Communities

Airdrie: Inventory continued to increase in June, with more than four months of supply creating balanced to buyer-favourable conditions. The benchmark price reached $516,900, up slightly from the previous month but nearly four per cent below last year's level, with the largest price adjustments occurring in higher-density homes.

Cochrane: Sales activity remained slightly ahead of last year's pace despite easing in June. With just over three months of supply, market conditions remain relatively balanced. The benchmark price increased to $580,200, remaining less than two per cent below June 2025.

Okotoks: Inventory improved compared with last year but remained below long-term trends, helping support stable pricing. The benchmark price reached $618,600, remaining similar to the previous month and less than two per cent below last year's level.

What This Means to You

If You’re Buying

• Detached homes: Limited supply in some districts means competition can still be strong.

• Row homes: Balanced conditions offer greater flexibility and negotiating opportunities.

• Apartments: Buyers continue to have the most leverage, with elevated inventory and softer pricing.

• Overall, increased inventory levels mean more choice than buyers have seen in recent years.

If You’re Selling

• Detached homes: Remain the strongest segment, particularly in higher-demand districts.

• Semi-detached and row homes: Balanced conditions mean pricing and presentation remain important.

• Apartments: Increased competition requires strategic pricing and strong marketing to stand out.

• Sellers who understand current local market conditions will be best positioned for success.

If You’re Investing

• Apartment and condominium segments may present opportunities due to higher inventory levels and recent price adjustments.

• Detached homes remain a relatively stable segment, though they typically require a higher initial investment.

• Market conditions continue to vary significantly by property type and location, making careful property selection essential.

Overall, Calgary's housing market remains balanced in 2026, with opportunities available for buyers, sellers, and investors alike. Understanding how your specific property type fits within today's market conditions is key to making informed real estate decisions.

Source: CREB June 2026 Housing Market Report

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