Overview: Supply Eases as the West District Bucks the Trend
Calgary's June 2026 housing market posted 2,197 sales, a 3.8 percent decline compared to June 2025's 2,284 but a meaningful improvement over May's 2,162, confirming a seasonal lift heading into summer. More notable than the sales count is what happened on the supply side: new listings fell 7.7 percent year over year to 3,899, the sharpest annual pullback in new supply this year. Active inventory of 6,799 came in 2.1 percent below June 2025, the first month in 2026 where inventory is actually lower than the same month a year ago. The months of supply edged up to 3.09, just above the 3.04 recorded in June 2025, keeping the overall market squarely in balanced territory.
"The easing of demand for resale homes does not come as a surprise given the recent decline in migration, which is impacting both rental demand and ownership demand for higher-density homes. The bigger change in our market relates to inventory, which has been on the rise in the rental, resale and new-home markets following several consecutive years of record-high housing starts," said Ann-Marie Lurie, Chief Economist at CREB. "Inventory growth has mostly occurred in high-density homes, resulting in buyer's market conditions and steep price adjustments for condominium apartments. While it will take time to absorb the high-density supply, detached supply growth has been limited and some districts are reporting record-high prices."
The total residential benchmark price reached $572,500 in June, down 2.1 percent year over year from June 2025's $584,600 but up slightly from May 2026's $570,500. The headline number masks significant divergence beneath the surface: the West district is the only area in Calgary posting annual price appreciation, up 2.0 percent year over year, while the North East sits at the opposite extreme with a 7.3 percent annual decline. Understanding where you sit on that spectrum is essential for making sound decisions in the current market.
June 2026 Calgary at a glance: 2,197 sales, 3,899 new listings, 6,799 active listings, 3.09 months of supply, and a total residential benchmark price of $572,500.
June 2026 Sales and Listings Activity
The 2,197 sales recorded in June represent a 3.8 percent year-over-year decline, but the trend from May to June is constructive: sales rose by 35 units month over month, consistent with typical seasonal patterns. The sales-to-new-listings ratio climbed to 56.4 percent in June, up from 54.1 percent in June 2025, suggesting that even with fewer buyers active, the pullback in new listings is keeping the ratio healthy. Year to date through June, total sales sit at 11,092 units, down 10.5 percent from the 12,396 recorded in the same period of 2025.
Days on market averaged 37 in June, up from 33 days in June 2025, an increase of 12 percent year over year. Buyers are taking more time to evaluate options, but the overall pace remains far from distressed. The sale-to-list price ratio came in at 98.02 percent, compared to 98.41 percent a year ago, a modest shift that reflects slightly more negotiating room but continued seller discipline on price. Average sale prices actually rose 3.6 percent year over year to $669,519 in June, a reminder that activity at the higher end of the market remains resilient even as the benchmark declines.
The YTD months of supply stands at 3.08, up 17.5 percent from 2.62 in the same period of 2025. That figure confirms the theme of this year: more inventory relative to demand than Calgary experienced in 2024 and 2025, with the gap concentrated in the apartment condominium sector. The detached and semi-detached segments have held their footing considerably better, and the tightening of new listings across all property types in June is the most encouraging leading indicator in this report.
Gold dashed line marks the 4-month buyer's market threshold. Source: CREB Monthly Statistics, June 2026.
Calgary Home Prices by Property Type in June 2026
The total residential benchmark of $572,500 sits 2.1 percent below June 2025 and reflects the blended impact of a resilient detached segment and a declining apartment market. On a monthly basis, the benchmark edged up from May's $570,500, a directional positive heading into the summer months. The divergence between property types is the defining story of 2026: two segments are holding or gaining ground year over year, while the apartment condo sector continues to work through an extended supply correction.
Source: CREB Monthly Statistics, June 2026.
Detached Homes
The detached segment delivered the most constructive reading in June's report. Sales of 1,202 were up 0.84 percent year over year, making detached the only property type to post annual sales growth. New listings fell 6.9 percent to 1,997, tightening the available pool and pushing months of supply to 2.49, actually lower than June 2025's 2.61. The benchmark price of $750,500 is 1.4 percent below June 2025, but the monthly direction has been consistently upward since January. City Centre detached homes stand at $990,800 and are up 1.1 percent year over year, while the North West sits at $791,500 with only a 0.6 percent annual decline. The South district at 2.15 months of supply and the North West at 2.07 months remain the tightest sub-markets, with well-priced properties still generating competitive offers.
Semi-Detached Homes
Semi-detached is the sleeper story of June 2026. Sales of 234 rose 10.4 percent year over year, the strongest sales performance of any property type this month. The benchmark price of $694,600 is essentially flat versus June 2025 (up a fraction at 0.17 percent), making this the most price-stable segment in the Calgary market. With 2.50 months of supply and a sales-to-new-listings ratio of 64.5 percent, semi-detached properties are in clearly balanced-to-seller territory. City Centre semi-detached sits at $971,000, also holding its value. Buyers looking for a compromise between detached price points and condo convenience are gravitating toward semi-detached, and that demand is showing up clearly in June's numbers.
Row Homes and Townhouses
Row home sales of 338 declined 3.2 percent year over year, with months of supply at 3.41, slightly above balanced territory. The benchmark price of $424,100 represents a 5.6 percent annual decline, though the South district offers relative resilience at 2.35 months of supply and the North West at 3.27 months. The most challenging sub-market for row homes is the North East, where months of supply reached 4.74 and the benchmark is down 10.9 percent year over year. Row homes in the East district sit at 6.50 months of supply as of June, the weakest reading in the segment. New listings for row homes fell 12.9 percent year over year in June, which if sustained will help draw down the months of supply over the coming quarter.
Apartment Condominiums
Apartment condominiums remain the most challenging segment in Calgary's market. Sales of 423 fell 20.3 percent year over year, while months of supply reached 4.91, firmly in buyer's territory and well above June 2025's 3.98. The benchmark of $299,000 is down 9.0 percent from June 2025, though it is worth noting this figure has stabilized in a narrow range since early 2026, with the $299,000 to $301,000 band forming a tentative near-term floor. The worst conditions are concentrated in the North East (6.29 months of supply, down 14.9 percent YoY) and the East (7.13 months, down 15.4 percent YoY). The North district apartments show relative stability at 4.53 months. The supply build in this segment reflects several consecutive years of high-density construction completions arriving into a market where rental demand has also softened.
Source: CREB Monthly Statistics, June 2026.
At $299,000 with 4.91 months of supply, Calgary apartment condominiums remain the most buyer-favoured segment in the market. The North East and East districts are the weakest pockets, with prices down more than 14 percent year over year. Buyers with flexibility on location have substantial selection and real negotiating leverage heading into summer 2026.
Calgary Real Estate Prices by District in June 2026
The district breakdown for June 2026 tells a story of two cities. The West district stands alone as the only area posting annual price appreciation, a reflection of tight detached supply and high demand for communities like Aspen Woods, Springbank Hill, and Cougar Ridge. Every other district recorded year-over-year declines, but the magnitude of those declines varies enormously, from a modest 1.1 percent in the North West to a significant 7.3 percent in the North East. Understanding this distribution is critical for both buyers benchmarking value and sellers calibrating expectations.
Source: CREB Monthly Statistics, June 2026. Total residential benchmark year-over-year change.
West District
The West district is the standout of June 2026, posting a 2.0 percent year-over-year increase to a total residential benchmark of $734,800. This is the only district in Calgary with positive annual price growth, driven by extremely tight detached supply. The West recorded a detached sales-to-new-listings ratio of approximately 70 percent in June, and months of supply for detached homes remained well under 2 months. Communities like Aspen Woods, Springbank Hill, Coach Hill, and Cougar Ridge continue to attract strong demand from buyers seeking larger lots and proximity to top schools. Sellers in the West are positioned better than anywhere else in the city heading into the second half of 2026.
North West District
The North West posted a total residential benchmark of $633,500, down a modest 1.1 percent year over year. This makes it the second most resilient district after the West. The North West benefits from a mix of established communities like Edgemont and Hamptons at higher price points, and newer developments providing entry-level detached options. Detached months of supply in the North West sat at approximately 2.07 in June, among the tightest in the city. Semi-detached in the North West is also holding well. Buyers targeting this quadrant should expect less room to negotiate than in the city's eastern and northern districts.
City Centre and South
The City Centre posted a total residential benchmark of $577,000, down 1.3 percent year over year, while the South reached $579,400, down 1.6 percent. Both districts are experiencing balanced-to-mild-correction conditions. The City Centre tells two very different stories by property type: detached homes at $990,800 are up 1.1 percent year over year, while City Centre apartments are down 8.9 percent with 5.16 months of supply. The South district is one of the tightest markets for detached product at 2.15 months of supply, making it competitive for buyers looking in communities like Shawnessy, Silverado, and Legacy.
South East District
The South East recorded a total residential benchmark of $555,900, down 3.5 percent year over year. This district spans a wide range of communities from established Mahogany and Copperfield to newer developments, with conditions varying meaningfully by property type. Semi-detached in the South East is performing well, with an 83 percent sales-to-new-listings ratio noted earlier in the year. Row homes in the South East sit at 2.89 months of supply, manageable but softening. Apartment conditions in the South East are more challenging at 4.63 months, down 7.8 percent year over year.
North, East, and North East Districts
These three districts are experiencing the most significant price corrections in the city. The North posted a benchmark of $529,600, down 4.5 percent year over year, with apartment oversupply playing a major role. The East sits at $399,600, down 5.8 percent annually, and includes some of the most affordable housing in Calgary alongside a high concentration of apartment units facing a 7.13-month supply environment. The North East is the weakest district at $465,600, down 7.3 percent year over year, with apartment conditions at 6.29 months of supply and North East apartment prices down 14.9 percent annually. For buyers with a long time horizon, these three districts offer the most accessible entry points and the potential for meaningful value recovery as the apartment supply overhang is gradually absorbed.
What June 2026 Data Means for Calgary Buyers
The most important signal for buyers in June's report is that new listings are falling. New supply entering the market dropped 7.7 percent year over year in June, the largest annual decline so far in 2026. If this trend continues through July and August, active inventory will begin to contract across most segments, reducing selection and gradually supporting prices. Buyers who have been waiting for supply to peak may already be past the optimal entry point in the detached and semi-detached categories.
The West and North West districts are operating in a fundamentally different supply environment than the rest of the city. With months of supply well under 2 in the best detached sub-markets, buyers targeting those communities should not assume they have time to be leisurely. In contrast, the apartment market, particularly in the North, East, and North East, genuinely favours the buyer. With 6 to 7 months of supply and prices down 9 to 15 percent year over year depending on district, buyers in this segment have selection, time, and negotiating leverage.
For buyers financing a purchase, the Bank of Canada's rate hold at 2.25% and the potential for a further cut at the July 15 meeting add a constructive backdrop. A pre-approval at today's rates provides downside protection while leaving room to benefit from further rate reductions. The sale-to-list ratio of 98.02 percent tells you that sellers are still achieving near asking price overall. Going in dramatically below asking in the detached segment is unlikely to succeed. In the apartment market, especially in eastern and northern districts, there is genuine room to negotiate.
What June 2026 Data Means for Calgary Sellers
For detached and semi-detached sellers, the June data provides measured reassurance. The detached segment posted annual sales growth for the first time in 2026, and new listings in this category are tightening. If you are selling a well-located detached home in the West, North West, City Centre, or South, the competitive dynamics remain relatively favorable. The key discipline is pricing: the benchmark is still 1.4 percent below last year, and buyers are informed. Overpricing from the outset adds days on market, and 37 days is already longer than last June's 33.
Semi-detached sellers are in the best position of any property type right now. With the benchmark essentially flat year over year and sales up 10.4 percent, this segment is quietly outperforming. If you have a semi-detached property in a desirable location, June's market conditions are about as good as the current environment offers. Expect buyers to be pre-approved, motivated, and reasonably focused, particularly in the City Centre and South East.
Apartment condo sellers face the most challenging environment in this report. With 4.91 months of supply city-wide and prices down 9 percent year over year, standing out requires accurate pricing from day one, strong presentation, and professional marketing. Sellers who bought in 2022 or 2023 and are expecting to recoup those purchase prices should work carefully with a local agent on a realistic comparative market analysis. The stabilization in the monthly benchmark near $299,000 is a positive sign, but the path back to 2023 pricing will take time and depends on supply absorption that has not yet occurred.
Calgary Market Outlook: Summer and Fall 2026
The tightening of new listings is the most significant development in June's data and the best forward-looking indicator in the report. Supply entering the market declined across all property types on a year-over-year basis. If that trend persists, the months-of-supply figures that have been elevated through 2026 will begin to compress. The detached segment could see conditions tighten further by late summer. The apartment segment will take longer to rebalance given the volume of existing inventory, but even there, lower new listings reduce the rate at which inventory builds.
Migration trends are the key variable to watch. CREB has noted that declining migration is reducing demand for both rental and ownership housing, particularly for higher-density units. If interprovincial and international migration to Alberta recovers in the second half of 2026, as many economists project, that demand recovery would arrive at a point when the new supply pipeline is already beginning to thin. That combination would be meaningfully positive for Calgary prices, particularly in the apartment segment.
The Bank of Canada's next decision on July 15 adds another layer of significance. If the Bank cuts, as some forecasters anticipate given Canada's Q1 GDP contraction, that would improve affordability and likely pull some buyers off the sidelines. The West district's positive year-over-year performance in June is a preview of what is possible elsewhere in Calgary once supply and demand return to balance. The broader market is not there yet, but the directional signals in June point toward stabilization rather than further deterioration.
Data sourced from CREB Monthly Statistics Package, City of Calgary, June 2026. Released July 2, 2026.
