Calgary Real Estate Board Market Report - August 2026

Calgary Real Estate Board — August 2026

In August 2026, Calgary's total residential benchmark price stands at $569,800, reflecting a 13% decrease year-over-year. New listings decreased to 3,141 units, while active listings rose to 6,509, indicating a balanced market condition.

Market Analysis

The Calgary real estate market continues to experience a decline in sales activity, with total sales down 13% compared to the previous year. Despite the decrease in sales, new listings have also fallen by nearly 10%, contributing to a balanced market condition. The months of inventory have increased to nearly four months, indicating a shift towards a more stable supply-demand dynamic, although the market remains sensitive to price fluctuations, particularly in higher-density segments.

Property Type Analysis

Market conditions vary significantly across property types. While the upper end of the market, particularly homes priced over $1,000,000, has seen some gains due to improved supply choices, lower price ranges are experiencing a slowdown in activity. The detached and semi-detached sectors have maintained relative balance, while apartment-style homes are facing a higher months of supply, nearing six months, which is indicative of oversupply in that segment.

Regional Highlights

Regional trends reveal disparities in market balance, with the North West, West, South, and South East districts maintaining months of supply below three, while the North and North East districts exceed four months. This variation in supply dynamics is reflected in pricing, with year-over-year gains in the West and City Centre districts, contrasting with significant declines in the North East.

For Buyers

Buyers are encouraged to take advantage of the current market conditions, particularly in the upper price ranges where more options are available. With inventory levels increasing, prospective buyers may find favorable negotiation opportunities, especially for detached and semi-detached homes.

For Sellers

Sellers should be mindful of the current market dynamics and consider pricing strategies that reflect the balanced conditions. With inventory levels rising, it is essential to present properties competitively to attract potential buyers, particularly in the lower price ranges where demand is weaker.