Calgary home sales declined nearly 4% in June compared to the same month last year, as easing demand and a surge in new construction provided buyers with more choices, the Calgary Real Estate Board reported Wednesday.
Sales and Supply Trends
The board said 2,847 homes were sold in June, down 3.8% from June 2025. Despite the drop, sales remained historically strong, roughly 15% above the 10-year average for the month.
New listings rose 12% year-over-year to 4,102, boosting inventory levels. Active listings at month-end totaled 5,213, up 41% from a year earlier but still below long-term averages.
Price Movements
The benchmark home price in Calgary edged up 0.3% from May to $607,800, but was up 6.1% from June 2025. Detached homes saw a benchmark price of $754,300, up 6.5% annually, while apartment condominiums rose 9.2% to $442,500.
“The market is transitioning toward more balanced conditions,” said Ann-Marie Lurie, chief economist at the Calgary Real Estate Board. “Buyers now have more negotiating power as supply improves, particularly in the higher-price segments.”
Construction Boom Helping Buyers
The board attributed the cooling demand partly to a boom in home construction. Calgary’s building permits for new homes surged 22% in the first five months of 2026, according to city data. This influx of new units has helped alleviate some of the supply constraints that drove prices up sharply in recent years.
“We’re seeing more inventory come online, which is giving buyers options they didn’t have a year ago,” said Lurie. “It’s a welcome shift for first-time buyers especially.”
Outlook
With interest rates holding steady and the economy adding jobs, the board expects sales to remain above average through the second half of 2026. However, the pace of price growth is likely to moderate as supply continues to improve.
