CREB®’s July report, released August 4, 2026, showed the expected summer slowdown: 1,904 sales and 3,323 new listings, both lower than June.
Calgary total residential benchmark price: 2026 vs 2025
July 2026 at a glance
| City of Calgary, all homes | Jul 2025 | Jul 2026 | Change |
|---|---|---|---|
| Sales | 2,096 | 1,904 | −9.2% |
| New listings | 3,911 | 3,323 | −15.0% |
| Homes for sale (inventory) | 6,919 | 6,626 | −4.2% |
| Months of supply | 3.30 | 3.48 | +5.5% |
| Sales-to-new-listings ratio | 54% | 57% | +4 pts |
| Benchmark price | $581,100 | $569,200 | −2.0% |
| Average days on market | 37 | 40 | +3 days |
Sales were 9% lower than last July and new listings 15% lower, so the sales-to-new-listings ratio stayed at 57%. Total inventory was stable compared with both June and July 2025, but slower sales pushed months of supply up to three and a half. CREB noted that demand is still stronger than in the difficult 2015–2019 period; what has changed is the amount of choice.
“While new home construction is slowing, there are over 17,000 apartment-style units under construction,” said CREB’s Chief Economist Ann-Marie Lurie.
By type of home
| Type of home | Sales | Benchmark price | vs. Jul 2025 | Months of supply |
|---|---|---|---|---|
| Detached | 1,012 | $743,900 | −1.9% | 2.9 |
| Semi-detached | 198 | $691,000 | −0.3% | 2.9 |
| Row | 286 | $418,500 | −6.1% | 3.9 |
| Apartment | 408 | $297,600 | −8.4% | 4.9 |
- Detached: 1,012 sales and 1,707 new listings, 9% fewer listings than last year. Supply ranged from under two months in the West to over five in the North East. The $743,900 price was nearly 2% below last July; the City Centre and West were higher than last year.
- Semi-detached: $691,000, similar to last year; the West was the only district with an annual gain.
- Row: sales down 15% year to date, nearly four months of supply and a $418,500 price, 6% lower than last year.
- Apartment: 1,999 units for sale and a price of $297,600, over 8% lower than last year and 13% below the 2024 peak.
A normal summer slowdown, with more choice
Sales usually ease in July, and this year was no exception. What stands out is how much more choice buyers have than in recent summers. Total inventory of 6,626 homes was close to both June and last July, but slower sales pushed months of supply up to 3.48. CREB says the shift in conditions for higher-density homes began in the second half of 2025, driven by several years of high construction and a sudden drop in mostly international migration.
Detached: from under two months to over five
Months of supply for detached homes by district, July 2026
Detached supply was 2.90 months city-wide, still balanced, but the districts are far apart. The West had 1.96 months and the South and South East 2.33 and 2.30, which is close to a seller’s market. The North East had 5.11 months and the East 4.80. Prices tell the same story: the West benchmark crossed $1 million at $1,003,800 (+2.3% on last year), while the North East was $563,900 (−6.0%). CREB adds that competition from builders is weighing on recently built homes listed for resale.
Row and apartment
Row home inventory has been trending down but remains high against long-term trends. Year to date, row prices are down 12% in the North East and East and 3% in the West. Apartments had 1,999 units for sale; the North East (−13.6%) and East (−13.8%) recorded the steepest annual declines, and the City Centre, with 872 units for sale, had 5.42 months of supply.
What it means
- Buying a newer detached home: compare it with builders’ prices for similar new homes nearby. Sellers of recently built homes are competing with new inventory and may negotiate.
- Buying in the West, South or South East: expect competition for well-priced detached homes and be ready with financing.
- Selling a condo: the buyer’s market for apartments has lasted more than a year. Price against the most recent sales in your building and district.
- Waiting for the fall: inventory usually eases after summer, but so do sales. Do not expect a big change in negotiating power before spring.
