Calgary housing starts fall 20% in July as builders slow down
After two record years, new construction in Calgary is cooling. The pipeline is still large, so completions will keep adding supply for some time.
News & Insights
Market News – Page 2
Monthly Calgary housing market updates: benchmark prices, sales and inventory, explained by Berg Estate Team (Tom Berg, eXp Realty).
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Blanket rezoning repeal takes effect in Calgary: what changes on August 4
The bylaw council passed in April is now in force. Most lots revert to districts such as R-C1 or R-C2, and R-CG has new limits for future projects.
Detached prices in Airdrie, Cochrane, Okotoks and Chestermere
CREB switched its town reports to detached prices this month. All four towns are below last year, and Chestermere has nearly seven months of supply.
Calgary condo prices are now 13% below their 2024 peak
Resale condo sales are down nearly 26% this year as new rentals and new buildings compete for the same buyers. Months of supply have favoured buyers since spring 2025.
Calgary housing market, July 2026: a slower second half begins
Sales and new listings both eased. Detached prices are under 2% below last year, while apartments are over 8% lower, and row shows signs of oversupply.
Calgary makes secondary suites a permitted use; backyard suites unchanged
A basement suite that meets all bylaw rules skips the development permit; in 2025 such suites got a building permit in a median of five days, the City says.
Bank of Canada holds at 2.25%: housing ‘looks to be stabilizing’
The Bank kept its rate for a sixth straight decision and said the current level is appropriate to support the recovery and bring inflation back to 2%.
Airdrie supply tops four months; Cochrane prices keep rising
Airdrie has moved toward a buyer-friendly market as sales slow. Cochrane prices rose for a fifth month and Okotoks stayed stable on low supply.
Record-high detached prices in Calgary’s West and City Centre
While the citywide detached price is still just below last year, two districts set new records in June. Sales of homes over $1 million and under $600,000 grew.
Calgary housing market, June 2026: condo supply weighs on prices
Sales rose from May and new listings started to pull back, slowing inventory growth. Apartments remain a buyer's market at nearly five months of supply.
Alberta’s population growth slows to its lowest pace since 2022
Net international migration turned negative as temporary residents left, but people moving from other provinces kept Alberta growing faster than the rest of Canada.
Bank of Canada holds at 2.25% as inflation rises to 2.8%
The Bank held for a fifth straight time. Energy prices lifted inflation while the economy stayed weak, and housing activity declined in the first quarter.