Airdrie supply tops four months; Cochrane prices keep rising

At the halfway point of 2026, CREB®’s July 2 report shows the three towns moving further apart.

Benchmark price, June 2026

Airdrie

Year-to-date sales were down 14%. The sales-to-new-listings ratio fell to 47%, inventory rose to 538 homes and months of supply climbed above four. The benchmark price of $516,900 was up slightly from May but nearly 4% lower than last year, with larger declines for higher-density homes.

Cochrane

Year-to-date sales of 569 were slightly higher than last year. Inventory eased to 323 homes, but months of supply rose above three as sales slowed. Prices have risen for five straight months to $580,200, less than 2% below last June. See our Cochrane guide.

Okotoks

With 70 sales and 89 new listings, the sales-to-new-listings ratio rose to 79%. Inventory is higher than last year but still below long-term trends, especially for detached homes. The benchmark price of $618,600 was similar to May and less than 2% lower than last June. See our Okotoks guide.

Halfway through 2026: three different paths

At the start of the year the three towns looked similar: modest price declines and more supply than in the tight years before. By June they had separated. Airdrie has the most supply and the weakest prices, Cochrane has been gaining in price for five months, and Okotoks still has the least supply relative to sales. For comparison, the City of Calgary’s benchmark price was $572,500 with 3.09 months of supply.

Airdrie: elevated supply

June inventory rose to 538 homes. CREB says elevated supply in Airdrie, along with competition from neighbouring and new home markets, has weighed on resale prices. Prices declined across all property types, with bigger decreases in higher-density homes. With a 47% ratio, sellers should expect buyers to take their time and negotiate.

Cochrane: tight enough for price gains

New listings eased in June, keeping the ratio above 60%. Inventory slipped to 323 homes, but because sales slowed more, supply rose above three months. Even so, relatively tight conditions have supported monthly price gains for five months. At $580,200, Cochrane’s benchmark is less than 2% below last June. Buyers who want Cochrane should expect competition for well-priced homes, especially detached ones.

Okotoks: still short on detached homes

With 70 sales and 89 new listings, Okotoks had the highest ratio of the three. Inventory is higher than last year but remains below long-term trends, especially for detached homes. CREB says conditions are more balanced than a year ago, and lower supply has helped keep prices stable at $618,600.

Year to date

The first six months show how far apart the towns have moved. Airdrie’s sales are down 14% from the same period of 2025, Cochrane’s 569 sales are slightly ahead of last year, and Okotoks has more inventory than a year ago but still less than its long-term norm. In all three, prices are lower than last June, but by less than 2% in Cochrane and Okotoks and by nearly 4% in Airdrie. The summer months will show whether Airdrie’s higher supply starts to ease and whether Cochrane’s price gains can continue.