Calgary Housing Market Check: What June's Numbers Actually Say

Where does the Calgary housing market sit right now?

Balanced — for the first time in years. CREB's June 2026 release puts citywide months of supply just over three, the textbook definition of a balanced market, on 2,197 sales (about 4% below last June). The citywide benchmark price sits at $572,500, roughly 2% below a year ago.

That headline hides the real story, though: Calgary isn't one market right now. It's two.

What's happening to Calgary home prices by property type?

Detached is holding. The benchmark is $750,500, only about 1% below last year, and 60% of new detached listings are finding buyers — CREB notes homes priced over $1M and under $600K actually gained, with the pullback concentrated in the middle rungs.

Semi-detached is behaving like detached: $694,600 benchmark on just 2.5 months of supply.

Row and townhouse is softening: nearly 3.5 months of supply, with district-level prices anywhere from 2% to 10% below last year.

Apartment condos are the soft spot. The benchmark has fallen to $299,000 — nearly 9% below June 2025 — with around five months of supply, inventory 24% above typical for June, and year-to-date sales down 26%. Several years of record-high building starts are still working through the system.

What we're telling clients this week

Despite headlines still calling Calgary slow, our week-to-week is telling a different story: the market is starting to pick up. Our team is working with a full slate of buyers and sellers right now, and what we see at offer tables matches the data exactly — apartment condominiums are oversaturated, while detached is picking up really well.

Is it a buyer's or a seller's market?

Depends entirely on what you're buying. Detached under $600K still behaves like a seller's market. Apartment condos are firmly a buyer's market — the sales-to-new-listings ratio there is 45%, against 56% citywide.

What does that mean for your move this summer?

If you're condo shopping, you have leverage Calgary buyers haven't had in years: room to negotiate, inspection conditions back on the table, and plenty of selection. If you're selling a detached home, pricing to the data still moves it — browse what you'd be competing against right now or start from the community level.