Local Housing Market Shifts
Calgary's real estate market is experiencing significant changes across multiple property types, with new construction slowing while resale inventory increases. Prices are adjusting downward in several sectors, particularly detached homes and apartments, as supply pressures mount against softening demand.
Calgary homes selling below list price
Some Calgary homes getting harder to sell and finance
New multi-family sales in Calgary hit lowest levels since 2022 as market cools
Just 641 apartment and townhome sales occurred in the second quarter of 2026, down 23% year-over-year, with outer south Calgary...
Home sales drop 9% in July amid condo oversupply
Housing starts in Calgary fall dramatically mid-year
Calgary's home construction slowing — but builders say supply still can't catch demand
New home starts in Alberta dropped 21% in the first half of 2026, yet developers argue the market remains undersupplied after years of...
Calgary resale market weakens as oversupply pressures housing prices downward
Calgary's resale real estate market saw prices fall nearly two percent in June as apartment oversupply and too few buyers weaken the market.
Calgary apartment prices drop 9 percent as inventory surges and demand softens
June benchmark price fell to $299,000, the steepest decline across all housing types in the city, according to the Calgary Real Estate Board.
Calgary detached home prices fall sharply in northeast and east areas
Northeast Calgary saw the steepest decline at 6.8%, while East Calgary dropped 5%, though West Calgary remains the priciest market.
Calgary condos become more affordable, single homes lag behind
Median condo prices flatline while single-family homes climb, bucking national affordability trends for the broader market.
Calgary detached homes drop 2.1% year-over-year
The city saw the largest price decline among major Alberta centres in May, while Fort McMurray led the province with 14.7% growth.
Calgary's housing market slides into buyers' territory
Resale prices and sales both dropped in May, with apartment condos leading the decline as inventory stays flat.
