June 2026: Buyers Gain More Choice as Inventory Rises

June home sales in Calgary improved from May, reaching 2,197 transactions, but remained nearly four per cent lower than the same time last year and slightly below the long-term average for the month. The slowdown was driven largely by weaker demand for apartment-style homes, while detached properties continued to show resilience. Sales have softened across most price ranges in 2026, although activity has remained stronger in both the most affordable homes and properties priced above $1 million.

Housing supply continues to reshape the market. New listings declined compared with 2025, slowing inventory growth and keeping the overall market in balanced territory with just over three months of supply. However, conditions vary by property type. Apartment condominiums have shifted firmly into a buyer’s market, with nearly five months of supply, giving buyers more choice and placing downward pressure on prices. Detached homes, by contrast, remain in a more balanced market due to tighter inventory.

Price trends reflect these changing conditions. The overall benchmark home price reached $572,500 in June, up from the previous month but two per cent lower than a year ago. Detached homes remained relatively stable, with a benchmark price of $750,500—up month over month but just over one per cent below last year. Apartment condominiums experienced the sharpest decline, with benchmark prices falling nearly nine per cent year over year to $299,000 as higher inventory and softer demand continued to weigh on the segment.

Market performance also differed across property types and neighbourhoods. Semi-detached and row homes remained generally balanced, supporting stable prices despite higher inventory than in recent years. Some areas continued to see strong price growth, while others experienced notable declines as supply outpaced demand. The greatest price weakness was concentrated in districts with the highest inventory levels, particularly for higher-density housing, while several districts reached new record highs for detached and semi-detached homes.

Communities surrounding Calgary experienced similar trends. Sales slowed in Airdrie, where increased inventory and competition from new construction contributed to lower resale prices, especially for higher-density homes. Cochrane remained relatively stable, with prices supported by tighter supply despite slower sales, while Okotoks continued to benefit from limited inventory, helping keep prices steady even as the market became more balanced than it was a year ago.