Calgary home sales increased in June compared to the previous month, but remained below the levels recorded in June 2025, according to data released by the Calgary Real Estate Board. The benchmark price also slipped year-over-year, reflecting ongoing market adjustments.
Sales Rise Month-Over-Month but Lag 2025
Total residential sales in June 2026 reached 2,450 units, up 8% from May 2026 but down 12% from June 2025. The month-over-month gain signals a seasonal uptick, but the annual decline points to sustained buyer caution amid higher borrowing costs.
“We are seeing more inventory come onto the market, which is giving buyers more choice and putting downward pressure on prices,” said Calgary Real Estate Board chief economist Ann-Marie Lurie in a statement. “However, affordability challenges continue to limit activity.”
Benchmark Price Dips Slightly
The benchmark price for all residential properties in Calgary was $587,000 in June, down 1.5% from $596,000 in June 2025. On a month-over-month basis, the benchmark price was virtually unchanged from May 2026.
Detached homes saw a benchmark price of $725,000, down 2% year-over-year, while attached homes averaged $450,000, a decline of 1.8%. Apartment condominiums bucked the trend with a slight increase of 0.5% to $320,000.
Inventory Levels Rise
New listings in June totaled 3,800, up 15% from June 2025, contributing to a months-of-inventory figure of 4.2 months, compared to 3.5 months a year earlier. A balanced market is typically considered around 4 to 6 months of inventory.
The increase in supply is giving buyers more negotiating power, with the sales-to-new-listings ratio falling to 64%, down from 72% in June 2025. “We are moving toward a more balanced market, which is healthier in the long run,” Lurie added.
Outlook for the Remainder of 2026
Market observers expect continued softness in prices as the Bank of Canada maintains its restrictive monetary policy. The central bank’s key interest rate remains at 5%, with no cuts anticipated until late 2026.
“Until we see meaningful rate relief, the Calgary market will likely remain in a holding pattern,” said real estate analyst John Pasalis of Realosophy Realty. “But the city’s strong economy and population growth provide a floor under prices.”
